LinkBack URL
About LinkBacksits crept up to £450 a month on our part, 75k mortgage, 2 bed house in leicestershire...
£50 - £250 per month/4weekly
£251 - £500 per month/4weekly
£501 - £750 per month/4weekly
£751 - £1000 per month/4weekly
£1001 - £1250 per month/4weekly
£1251 or over per month/4weekly
its crept up to £450 a month on our part, 75k mortgage, 2 bed house in leicestershire...
Madman, consider an offsetting mortgage, if your paid monthly, and don't spend all your dosh in the first 2 weeks, that could seriously help.
Even something mundain like saving an extra 14 days intrest on the 450 could help you quite a bit!
throw new ArgumentException (String, String, Exception)
No idea, everyone is different.Originally Posted by manwithnoname
I dond't want a offset ortgage at the time because i wanted my saving seperate. I'll see in April how much money i have available and what deals are on the go. Always been with the RBoS but i'll deffinitely look around to see what i can do. I might even look into re-mortgaging to try and reduce the total interest payable over the term.
Might need to go see an accountant...
£550 rent. My mortgage was going to start next month but looks like the house will fall through due to a "right of way/access" issue that seems unresolvable. That would have been £680 a month. 2 years fixed on repayment mortgage. Intending to throw at least £50-£100 a month overpayment on top of that. I am buying on my own though, so gotta be careful
"In a world without walls and fences, who needs Windows and Gates?"
zakkly whaty I've got...long term saves me mega bucks
offsetting you pay about £50 a year, for the liquidity of having money that if you need you can suddenly get back, with little penality.
Its really really good, if you look at people like if.com (but everyone does it now) you can save quite a bundle just because the intrest current accounts give is awful compared to my mortgage rate.
say you get your mortgage money paid from work in at the 15th of the month, but you don't pay your mortgage till the last day.
This really does at up, the intrest i saved last month was about £6.25 and the beauty is in year 1 of a say 25 year mortgage, that becomes £10, over a year, your talking closer to £300. Then think if you leave simply 20/50£ each month. You've got instant access to the money. Your suddenly able too makle that a year, whilst still have instant access (liquidity). I really find it easyer than using a savers.
throw new ArgumentException (String, String, Exception)
Yeah i suppose you have a point. I think it balances out though obviously with the house prices. The average wage in London is about £25k aint it?
I think I have no chance of owning my own home, its gonna be rent for me for a few years. Then again most of my money goes on cars LOL im my own worst enemy
Hate to say it but the offset thing is you convincing yourself of false economies, offset mortgages are usually 1-2% higher than the best fix rate you can get, which means the amount you are offsetting in most cases doesn't account for the different in the rate.
Plus unless you are lucky you have a variable offset right?, not fixed rate, which again means you are probably getting killed on that too...
Do you own mortgage advice and don't follow the potential change to offset without seeing if it would work for you.
TiG
-- Hexus Meets Rock! --
Its all about the Tax.
throw new ArgumentException (String, String, Exception)
£405 on a £70k, 25 year mortgage. Last year I had a £60k mortgage that was to be paid over 35 years and payments were only around £20 pm cheaper.
_ _ _
Vroomy
The average is now £35k.Yeah i suppose you have a point. I think it balances out though obviously with the house prices. The average wage in London is about £25k aint it?
I think I have no chance of owning my own home, its gonna be rent for me for a few years. Then again most of my money goes on cars LOL im my own worst enemy
The average across the whole of the UK is £28k last year.
"In a perfect world... spammers would get caught, go to jail, and share a cell with many men who have enlarged their penises, taken Viagra and are looking for a new relationship."
TheAnimus (29-08-2007)
enlightening link!
throw new ArgumentException (String, String, Exception)
280 pounds equivalent ($559 usd), not split, for a two bedroom, 1,100 square foot apartment, water and heat included.
...but I'm currently in the mid-west US.
$1125 per month, however, all rent in Boston is extortionate.
Had I the heavens' embroidered cloths,
Enwrought with golden and silver light,
The blue and the dim and the dark cloths
Of night and light and the half-light,
I would spread the cloths under your feet:
But I, being poor, have only my dreams;
I have spread my dreams under your feet;
Tread softly, because you tread on my dreams.
£950pcm for a 3 bed EOT in Catford, SE London. That wouldn't cover an IO mortgage to buy it. Luckily I think our landlord bought some time ago, I was a bit worried that his mortgage payments might have been getting difficult (and thus that he might be looking to bail out), but when I phoned up the letting agent last week to enquire about staying for another year he practically bit my hand off. Didn't mention a rent increase either- so fingers crossed
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote