How much did you borrow for your first mortgage? - Corsa Sport - for Vauxhall and Opel Corsa B, Corsa C and Corsa D

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Generation

Member

Registered: 7th Jul 09
Location: Essex
User status: Offline

2nd Jan 14 at 20:34

Just trying to get an idea of what people are borrowing and how much that's costing them a month to pay back.

Were currently looking to buy our first house

Marc

Member

Registered: 11th Aug 02
Location: York
User status: Offline

2nd Jan 14 at 20:36

This is going to vary loads based on deposit, property value and location.

I borrowed £92,500 and pay £400 a month.

Andrew

Member

Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline

2nd Jan 14 at 20:42

Borrow what you can afford. It doesn't matter about anyone else.

Generation

Member

Registered: 7th Jul 09
Location: Essex
User status: Offline

2nd Jan 14 at 21:08

Yeah, I understand that Marc, is that fixed rate?

Generation

Member

Registered: 7th Jul 09
Location: Essex
User status: Offline

2nd Jan 14 at 21:09

I'm aware of that Andrew, I'm just doing a bit of research

Marc

Member

Registered: 11th Aug 02
Location: York
User status: Offline

2nd Jan 14 at 21:09

Mine is fixed rate for 2 years.

Stuart H

Member

Registered: 17th Jul 09
Location: lanark , scotland
User status: Offline

2nd Jan 14 at 21:44

Borrowed 62k paying around 300

Generation

Member

Registered: 7th Jul 09
Location: Essex
User status: Offline

2nd Jan 14 at 22:36

How much was the property Stuart?

Stuart H

Member

Registered: 17th Jul 09
Location: lanark , scotland
User status: Offline

2nd Jan 14 at 22:39

70k mate.

Lee_fr200

Member

Registered: 8th May 11
Location: West Yorkshire
User status: Offline

2nd Jan 14 at 22:59

My house was 170k I borrowed 127k and I pay £536 over 35yrs that's with natwest

Generation

Member

Registered: 7th Jul 09
Location: Essex
User status: Offline

2nd Jan 14 at 23:29

Very similar. To a quote we just had with Natwest

Ben G

Member

Registered: 12th Jan 07
Location: Essex
User status: Offline

3rd Jan 14 at 00:57

House was 176k, borrowed 158k and paid £943 p.m on a 6.05% 3 year fixed rate mortgage (middle of the recession). 35 years.

Now paying £713 p.m on 3.99%, which i'm much much happier with.

First time buyers got raped back then. Rates seem a little better now.

[Edited on 03-01-2014 by Ben G]

Chris x

Member

Registered: 11th Sep 08
Location: Bexhill
User status: Offline

3rd Jan 14 at 09:29

Flat was £121k, Borrowed £109k IIRC

30 years, 10% LTV, 4% IIRC at £670 per month. (have over paid by 20% every month so far)

Did it on my own at 22. The flats own the free hold but pay £155 P.M maintenance which includes water and waste.

dan_m1les

Member

Registered: 8th May 06
Location: Burnham, Buckinghamshire
User status: Offline

3rd Jan 14 at 11:44

My flat was £137k, borrowed £109,500. 4 years fixed with nationwide over 25 years is £540

Russ

Member

Registered: 14th Mar 04
Location: Armchair
User status: Offline

3rd Jan 14 at 12:17

Borrowed 104k first one, 30k second one.

Tiesto

Member

Registered: 6th Jun 02
Location: Hinckley, Leicestershire
User status: Offline

3rd Jan 14 at 13:48

In the process of buying our 1st house.

House is 200k, got a mortgage for 180k and will be paying around £920 p.m (5 year fixed rate)

Gaz

Member

Registered: 24th Aug 03
Location: Widnes, Cheshire
User status: Offline

3rd Jan 14 at 15:05

£105,500 and currently paying £553

Ste

Premium Member

Registered: 5th Mar 03
Location: Taif, Saudi Arabia
User status: Offline

3rd Jan 14 at 15:39

Have you seen the difference between a 35 and 25 year mortgage in terms of interest repayment

I would rather lose by a mile because i built my own car, than win by an inch because someone else built it for me.

Ian

Site Administrator

Registered: 28th Aug 99
Location: Liverpool
User status: Offline

3rd Jan 14 at 16:12

£127695

Was £700-odd pm when I was on nobhead rates.

Now £440 with the rate going down.

Will be down to five figures in 2 months' time

Biggest advice is do whatever you can to get the rate.

You can generally overpay to get the term down, 30 year gives you the lower payment with the option to overpay. 20 year forces you to effectively overpay what you had the option to on 30 (which also isn't a ridiculous idea).

Aaron

Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline

3rd Jan 14 at 16:48

Just been to arrange a 5 year fixed rate mortgage. Borrowing £100k, paying £534 per month back for 5 years

Nismo

Member

Registered: 12th Sep 02
User status: Offline

3rd Jan 14 at 17:28

quote:
Originally posted by Aaron
Just been to arrange a 5 year fixed rate mortgage. Borrowing £100k, paying £534 per month back for 5 years

5 years bargain

Aaron

Member

Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline

3rd Jan 14 at 18:09

quote:
Originally posted by Nismo

quote:
Originally posted by Aaron
Just been to arrange a 5 year fixed rate mortgage. Borrowing £100k, paying £534 per month back for 5 years

5 years bargain

Can't understand you sarcasm tbh.

VegasPhil

Premium Member