Not logged in [
Login
-
Register
]
You Are Not Registered Or Not Logged In
Corsa Sport
»
Message Board
»
Off Day
»
House Day
»
How much of a deposit
» Post Reply
Post Reply
Who Can Post?
All users can post new topics and all users can reply.
Icon:
Formatting Mode:
Normal
Advanced
Help
Andale Mono
Arial
Arial Black
Book Antiqua
Century Gothic
Comic Sans MS
Courier New
Georgia
Impact
Tahoma
Times New Roman
Trebuchet MS
Script MT Bold
Stencil
Verdana
Lucida Console
-2
-1
1
2
3
4
5
6
White
Black
Red
Yellow
Pink
Green
Orange
Purple
Blue
Beige
Brown
Teal
Navy
Maroon
LimeGreen
Message:
HTML is Off
Smilies are On
BB Code is On
[img] Code is On
[quote][i]Originally posted by Ian[/i] I disagree a bit there. Have an example. House is 150k Using Barclays current rates as an example as I'm using them so I'm most familiar. 2 year fixed rate - rate depends on loan to value (LTV) 95% LTV - 6.19% 80% LTV - 5.59% First thing to consider - you won't even get a mortgage with Barclays with nothing down. -- 5% deposit to get 95% LTV mortgage £7500 down. Borrow £142500. 25 years is 945.77pm. Costs a total of £283731 -- 20% deposit to get 80% LTV mortgage £30000 down. Borrow £120000. 25 years is 752.05pm. Costs a total of £225615 Difference in deposit is 22.5k but you actually save over 58k. All the above assumes that the rates would stay similar over the life of the loan. If you move when you become eligible for better deals then this would be less. That said though, the first two years would be £200pm different. First one is affordable on £30k between you. Second is touching a grand pm. Forget that unless you're in supertax. [/quote]
Post Options:
Disable smileys?
Turn BBCode off?
Receive email notification of new replies?
This is a long topic, click
here
to review it.