RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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quote:
Originally posted by gianluigi
quote:
Originally posted by M4tt_Envoy
whats your monthly payments on the 35 year mortage?
687
Can't remeber my exact rate of interest, but I'm paying £719 per month based on 25 years and i've only borrowed £9025 less than you 
Yours over 35 years will cost £288540 so £168840 Interest over full term (If you stay at same place etc)
Mine over 25 years will cost £215700 so £105025
I cant believe an extra £9k would cost an extra £63k over an extra 10 years
Mortgages are too confusing, too many to choose from and too many options
[Edited on 10-01-2008 by LiVe LeE]
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gianluigi
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Registered: 9th Mar 05
Location: Ipswich, Suffolk
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i went with a mortgage broker and let her do the work and took her word for it lol.
pic of the house
garage not in view, its down the road.
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Ally
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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
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That is quite a high payment considering your term etc 
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gianluigi
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Registered: 9th Mar 05
Location: Ipswich, Suffolk
User status: Offline
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me or lee?
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
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both 
glad i bought last year, mines fixed at 5.4
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Ally
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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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quote:
Originally posted by gianluigi
me or lee?
You..
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gianluigi
Member
Registered: 9th Mar 05
Location: Ipswich, Suffolk
User status: Offline
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bah. one of the cheapest about TBF. I trust the mortgage brokers opinion, she's the expert, not me.
if i dont get it this year, next year i'll be saying i should have got it last year
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
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If you've signed, you've signed tbf matey not much you can do
Just because shes a broker doesn't mean shes an expert, might not be independent so will only offer you mortgages from lenders shes on commission from
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Ally
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Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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*therefore not getting the best deal for you, just the best deal of what shes got available to her
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gianluigi
Member
Registered: 9th Mar 05
Location: Ipswich, Suffolk
User status: Offline
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her business card says she's an appointed representitive of another company regulated by the FSA. Stupid bitch, when I first met her she said she was regulated by the FSA > suggesting she's independant.
never mind tho lol
[Edited on 10-01-2008 by gianluigi]
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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nar dude just means shes regulated by them, which is good because it means shes not a cowboy and will offer you the best deal on what she has available
we live and learn, there are loads of us on here who are in the same boat as you, sometimes the best advice you can get is people who have already done it - so you can learn from their mistakes!
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Russ
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Registered: 14th Mar 04
Location: Armchair
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mortgage advisors are nobs, end of the day, they are there to make money adn they are salesman. two tried to tell us to go with there deal as it was better. when i asked how is paying a higher rate for longer with more up front fees better, they start to garble on, which means they have no answer.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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At the moment for that LTV, term and tie-in, that rate is OK. I'm assuming you paid no set up fee?
Probably not the cheapest way to borrow, but 5 year fixed is completely risk-free for the entire time you plan to be there.
For comparison, Barclays 5 year fix is 6.55 with a grand fee. LTSB 5.89 with a grand or 6.19 with no fee.
Halifax is 5.85 with 699 fee.
A&L won't quote for that LTV.
There might be others out there, but its not the worst news.
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SAL
Premium Member
Registered: 19th Dec 05
Location: Radlett, Hertfordshire
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Fair play gianluigi, probilly the biggest step you have taken ! those re-payments are out of my budjet  im stuck in my rented room forever
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gianluigi
Member
Registered: 9th Mar 05
Location: Ipswich, Suffolk
User status: Offline
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Im picking up the keys tonight 
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Kathryn W
Member
Registered: 12th Oct 03
Location: Widnes, Cheshire
User status: Offline
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Congrats!
I need to get my arse into gear and go find an independant financial advisor to see exactly how much we can afford!
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BlueCorsa
Member
Registered: 14th Jan 04
Location: Midlands Drives: MB SLK250 CDI
User status: Offline
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All you lot are on a bargain. My mortgage is £1200/month. 
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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Big house or bad deal?
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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buton on trent ian so very bad deal 
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Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
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With a LTV of 90%, 1st mortgage with halifax, im gettin 6.49%
Adult GiftsClick here to vist us
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