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Author What kind of £££ needed for first flat/house
gavin18787
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Registered: 22nd Feb 05
Location: Basildon, Essex
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22nd Oct 09 at 20:06   View Garage View User's Profile U2U Member Reply With Quote

I know this has probably been covered before but just wondered what the up to date thinking on this was. As its come to the point where I should start looking into it

For a small nice flat or something what would you be expecting to pay on a month or a morgage with something like a 20,000 deposit put down.


Anyone just moved out/bought something will be good to here your input


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AndyKent
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22nd Oct 09 at 20:09   View User's Profile U2U Member Reply With Quote

Depends how much the mortgage is doesn't it.

Go or Barclays website, they have a mortgage calculator and you can calculate repayments.

Basically I'd say take the repayments and double it, that be a rough estimate of your outgoings if you can live fairly frugally.
gavin18787
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22nd Oct 09 at 20:11   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by AndyKent
Depends how much the mortgage is doesn't it.

Go or Barclays website, they have a mortgage calculator and you can calculate repayments.

Basically I'd say take the repayments and double it, that be a rough estimate of your outgoings if you can live fairly frugally.



Cheers mate


I know its a bit like asking how much is my insurance going to be as it all varies. just wondered what other people have got


Good shout on the barcleys too


[Edited on 22-10-2009 by gavin18787]


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J da Silva
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22nd Oct 09 at 20:45   View User's Profile U2U Member Reply With Quote

If you're moving in with your other half, then just make sure that if one of you loses your job, the other one's wages covers the payments.
Ben G
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22nd Oct 09 at 21:36   View User's Profile U2U Member Reply With Quote

when i enquired last month, i would be paying about 900 quid per month on a 150k mortgage iirc.

not so bad for me as both me and the missus work full time, although her salary isn't that good (15k p.a)
mattk
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22nd Oct 09 at 22:04   View User's Profile U2U Member Reply With Quote

I went to apply for a mortgage on saturday,

I want 85,000 I need 15% deposit

rate was 6ish % for the first year then 3.8% for 2 years after, a 25 year term would see me paying £391 a month, but Im allowed to overpay that by £499 a month with out penalty

just need another couple of grand for my deposit and Il be away
VegasPhil
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Registered: 16th Jan 05
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24th Oct 09 at 12:09   View Garage View User's Profile U2U Member Reply With Quote

Can get away with some 10% deposits if your credit is ok.

I just put down a 10% deposit on my mortgage.


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