Anyone with a mortgage ?

[~*Leanne*~]

Hey girls - following on from my thread the other day - would you mind telling me how much of a mortgage you have, what rate (i.e. interest only/ fixed...) and how much a month you pay? just to give me a rough idea.

thanks

 

[chickadee1976]

We are paying 543 for a £76500 mortgage fixed rate over 25 years.
I can remember what the rate is but i think its quite high because we have a bad credit rating.

 

[louxlouxbellex]

We are £560 for a £100,000 mortage over 27 years

 

[louxlouxbellex]

Meant to say cant remember what rate but we come off our fixed rate in April & had to get a new deal & our payments went up by over £100

 

[LisaJ1986]

Mines interest only at £635 a month, on a £90,000 mortgage. Called them the other day and said they aint helping anyone anymore and we're to remortgage elsewhere!

 

[Hazel]

Was £90,000 over 25 years when took it out.

Now it's £86,000 with 20 years left. Variable rate interest and capital. £618 last month payment but this has varied between £550 - £650 over the years due to interest rates.

Taking out new mortgages is more expensive now and there aren't as many good offers.

 

[*pud01*]

.

 

[Snuggle]

We were paying £780 a month on a £141,000 mortgage but it got too much for us when I decided to leave work so we have sold up and are in married quarters again

 

[purple13]

we started on a £156,000 mortgage on a 30 year term at 5.49% fixed for 3 years - our payments (inc. insurance) were somewhere just below £900 a month.

nearly 4 years later we're down to about £130,000 (we've made overpayments) and have reduced the term to about 22 years. however, we're now on a 2 year fixed rate of 6.05% and our monthly payments are just over £950 a month.

i prefer fixed rates as i know where we stand for money each month. you just have to make sure you get a new deal when the rate expires.

 

[Krystal]

we haven't moved in yet but we've been given 112.500 for 643 over 35 yrs although looking to reduce that in 3 yrs when we change. it's fixed rate but can't remember exact.. 6. something? deposit is paid on house which we are buying for 149.950 tho

 

[Minxy]

Ours was £88,000 over 25 years. We've had it 4 years and pay around £600 p/m.

 

[pilkers]

our mortgage is 140K over 30 years.

we're on a fixed term but we have to pay a higher interest rate as neither of us have any debt so we have no credit rating (bloody stupid system, you get penalised if you have money in the bank)

anyway we pay £800 a month

 

[purple13]

we're on a fixed term but we have to pay a higher interest rate as neither of us have any debt so we have no credit rating (bloody stupid system, you get penalised if you have money in the bank)

OH and i had the same problem. we solved it by getting a credit card from my bank, buying some stuff on it and then paying it straight off. and we did the same with a couple of store cards. no debt still, but an instant boost for our credit ratings. we just cut the cards up after that - don't want any temptation

 

[Geordie&Bairn]

I wish we had one we can get a motrgage but cant afford the house prices yet
where looking at a £125.000 limit taking some of with our deposit £650/700 a month mortgae repayments

 

[Baileysmummy]

We are paying 543 for a £76500 mortgage fixed rate over 25 years.
I can remember what the rate is but i think its quite high because we have a bad credit rating.

Do you mean your mortgage is over 25 years.. But a fixed rate for a set term.. No one would give you a fixed rate for the length of the mortgage..

Im paying £508.91 for £82000 fixed rate for 3 yrs, term of mortgage is 25 yrs!

 

[mary70]

our mortgage is for £67.000 and we pay £439 which includes an insurance and that at fixed rate of 5.39% from abby national over 22 years

 

[Xena]

We have a £60k mortgage on a £290k house

the length of the mortgage is 35 years

It's variable rate - currently we pay £300 a month plus £60 mortgage protection

It's a repayment mortgage, not purely interest.

It's with Halifax

 

[lillou]

our mortgage is going to be for 130K over 35 years (will reduce this when i work full time)

we had to pay 10% deposit (well us and a deposit from builders) so our mortgage is for 90%

its a fixed rate for 5 years of - i think - 6.04%

it works out at 770 a month

 

[1sttimemum]

We are paying 543 for a £76500 mortgage fixed rate over 25 years.
I can remember what the rate is but i think its quite high because we have a bad credit rating.

Do you mean your mortgage is over 25 years.. But a fixed rate for a set term.. No one would give you a fixed rate for the length of the mortgage..

Im paying £508.91 for £82000 fixed rate for 3 yrs, term of mortgage is 25 yrs!

I have heard of 25 yr fixed terms. I work in a bank

 

[1sttimemum]

My mortgage is for £185000, over 35 years on a stepped fixd, last yr was 5.39, this 6.39 and next will be 7.39. its a capital repayment and costs 1100 per month.