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What size and interest rate is your mortgage?

(13 Posts)
Chocolateyescakeyes Mon 22-Jan-18 20:39:14

Of course there are variables for each individual but I was just wondering the above. Due to remortgage soon, and it got me thinking about what others might pay? Thanks.

TheRebel Mon 22-Jan-18 22:54:51

We’re due to remortgage soon, and start paying nursery costs in the same month, currently we pay £500 per month and owe £90k at 2.99% with 20 years left - We’re considering fixing the term for 10 years at 2.65% because I can only see rates going up.

PinkDaffodil2 Mon 22-Jan-18 22:59:14

270k at 1.19% on a 40 year fix, paying a tad over £700 / month.
Fixed for another year and a half, certainly expect rates will have gone up by then but we could probably afford £1400 / month.

PinkDaffodil2 Mon 22-Jan-18 22:59:52

Sorry that’s a 2 year fix, and 40 year term!

DENMAN03 Mon 22-Jan-18 23:09:42

Mortgage is £223k at 2.09%. Costs just over £1k per month with 22 years to go. I do overpay however so that will knock around 8 years off that.

KanielOutis Tue 23-Jan-18 06:21:34

Mortgage £1k month with overpayments. 2.6%. 3 years left on fix and 8 years left on term. Balance is £86,000

Grumpbum Tue 23-Jan-18 06:23:52

70k I think at 0.25 over base rate for lifetime of mortagage I think we pay £300 a month my H sorts it

somewhereovertherain Tue 23-Jan-18 07:44:27

110k 1.65% fixed for 5 years with 6 years to run. Part repayment part interest only.

crisscrosscranky Tue 23-Jan-18 08:08:01

£242k on initial 25 year term- got 23 years remains. 90%LTV - repayments about £1k a month on 5 year fix @ 2.49%

Changednamejustincase Tue 23-Jan-18 23:28:29

We have a 2.99 percent mortgage which seems higher than other pps

blue25 Tue 23-Jan-18 23:36:04

185k at 1.6%. 16 year term left. We overpay £500 a month.

BorgQueenie Tue 23-Jan-18 23:51:15

.94 above base, £175k with 12 years left
Payment is £200 a month interest only but we have a lot of equity

VacantExpression Wed 24-Jan-18 10:28:54

Hard to compare mortgages with other people as everyone's situation is different and so many factors affect what lender or rate is best for you, not just the BBR at the time. Your best bet is to see a local whole of market broker that will talk through your situation face to face (ideally one that wont charge a fee, they are around and NOT just the national one that is often mentioned on here) and get you a deal that best fits your requirements.

Personally I am on a five year fixed which we took out about eighteen months ago to see us through Brexit and any turbulence in interest rates that might happen through the process. We are also making small overpayments to try and reduce the term.

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