Can I ask how much your repayments are on 150k mortgage?

[bringbackopalfruits]

Even better if it's buy to let. We need to remortgage a flat we can't sell as we have tenants in till mid next year. It's worth about 210k but we don't need that much. It's mortgage free at the mo.

Any general ideas would be fab, we need to work out how much we can spend on our "forever" home!

I think this could be a ?how long is a piece of string?? question as would entirely depend on the rate that someone was on. You need to take into account the fact that most buy to let mortgages will require a minimum 75% deposit and there are lots which require 60% so you will be cutting it fine if you want to borrow £150k against a value of £210k. Have you thought of selling the property with the tenant in situ?

Depends on your deposit, rate and your term? Tell me that and I can wack the details into a mortgage calculator.

Sorry, just saw you have a 60k deposit.

Mine is £280 for about £86k ltb but that's interest only and 80% ltv. For various reasons we couldn't get the best deals. It really does depend on so many things. My 140k residential fixed rate is £680 again I think at about 80%

www.bbc.co.uk/homes/property/mortgagecalculator.shtml

I used this. Put your details in as 150k mortgage, over 20 years with 3% interest and the results showed about £840 a month.

We don't have a but to let, we have £140k mortgage with a 15% deposit, over 30 years at 4.25% fixed. This is capital re-payment not interest only. We pay just under £600 a month.

We have a BTL interest only at 3.89% the repayments are just short of £500 a month

Interesting, thanks guys. We don't want to sell yet but maybe next year. We might be able to get away with borrowing 100k. I can't quite believe we're in this situation having been mortgage free for years but house prices here have shot up and to buy a family home we need more money.

You need specific advice on BTL mortgages as the rent needs to cover the mortgage by 125% in a lot of cases.

I know because I advise on such things.

The rent is just over £1100 a month so repayments could be up to about 900 a month?

788. Mortage of 149k

890 mortgage of £153k

175k with 25% deposit. 744 per month.