Quick question - how much mortgage would £500 a month pay?

[bunny2]

Anyone?

i would guesstimate £75 - £80 K?

our mortgage is £555 per month and its £97K

ooooh... ta very much £80 to £90k ... off to look on RightMove
Thanks agian

np is yours interest only, endowment, discounted, or just bog standard repayment - wonder if we're getting ripped off then for 600 p.m. for £92k!!!

dh always says its loosely £5-6 per £1000, but thats just him maybe

It depends whether it is interest only in which case you need to know how you will eventually repay the interest and it also depends on your satatus as to how good a rate you may get

its interest only fixed rate (cant remember the rate, maybe 5%?) fixed for 5 yrs

just a guesstimate though on the %

Thats the price of the interest only mortgage (for 3 years) I've been looking at for 120K.

is yours endowmetn MTS?

we are paying £574 a month on £107k mortgage but we did put down quite a big deposit (if that makes a difference) lots of bank websites have mortgage calculators which might give you a better idea..

nope, bog standard repayment with Nationwide.

we put down I think about 20% deposit, so that may have got us a more favourable rate.

We have just been given a mortgage promise from Halifax.

£573 per month for a £115k mortgage over 30 yrs fixed for 2yrs.

but mts £600 for a £92K mortgage is a lot

our house was £147K and we put down a deposit of £50K so our mort is £97K and we pay £555 per month

alliance and leicester fixed rate for 5 yrs

when the 5 years is up we will shop around for anotehr fixed rate deal

i like to know what i am going to be paying each month, for a fixed period of time

our mort is for 20 yrs

M2S, that's a good point - we can put down a big deposit - our house is paid for but I want to move to a better area and would need a small mortgage to do so. SO if we put down about 75% deposit we might get a really good rate then?

can you get a 20 yr mortgage if in 40s (dh is 45)

We pay £500 for a £90,000 mortgage

dont see why not bunny

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