|
Not logged in [Login - Register] |
You Are Not Registered Or Not Logged In |
Corsa Sport » Message Board » Off Day » House Day » If you had an 80k deposit for a house... » Post Reply
|
Colin |
posted on 21st Feb 08 at 17:12 |
I think you forgot to add on the interest :lol: I borrowed £35k & pay back £220 a month over 25yrs. | |
Cosmo |
posted on 21st Feb 08 at 13:52 |
quote: FFS Im not having a go, I asked Why? Which kind of indicates that I dont understand your point so was asking for further info behind you making said point. | |
whitter45 |
posted on 21st Feb 08 at 13:51 |
not saying that | |
Cosmo |
posted on 21st Feb 08 at 13:17 |
quote: Why? He has to get on the ladder at some point. Not everyone can jump into paying £500+ a month on a mortgage then have the extra bills associated with a bigger house. | |
Dean_W |
posted on 21st Feb 08 at 13:15 |
quote: Bigger mortgage, generally = bigger house. Bigger house = bigger bills. | |
whitter45 |
posted on 21st Feb 08 at 13:13 |
fair enough - i would not put all 80k | |
Cosmo |
posted on 21st Feb 08 at 13:09 |
quote: He cant afford a bigger mortgage - thats the point :| | |
whitter45 |
posted on 21st Feb 08 at 13:07 |
I would put most of the 80k down and get a bigger mortgage and a better house | |
Dean_W |
posted on 21st Feb 08 at 12:10 |
quote: Also, excluding food it costs me £800 per month to run my house. | |
Dean_W |
posted on 21st Feb 08 at 11:17 |
As a rough guide, my mortgage was for 55K, that come out at £330 per month. | |
BigSte |
posted on 20th Feb 08 at 14:28 |
You have left out Gas & Elec, and your house and life insurance which in total will set you back about another £100 a month | |
BYRON |
posted on 20th Feb 08 at 11:44 |
Here is a list I made... | |
Rob B |
posted on 20th Feb 08 at 11:39 |
oh right i see how it works now :) | |
Cosmo |
posted on 20th Feb 08 at 11:30 |
http://www.bbc.co.uk/homes/property/mortgagecalculator.shtml | |
RichR |
posted on 20th Feb 08 at 11:27 |
I don't get your workings? | |
Rob B |
posted on 20th Feb 08 at 11:19 |
Yeah suppose that would be a good idea keep 10 - 15k back aside for things :) | |
Cosmo |
posted on 20th Feb 08 at 11:17 |
If needs be you could always put down a slightly lower deposit and get a bigger mortgage, leaving you with some spare cash there to keep about for a rainy day if needed. | |
Rob B |
posted on 20th Feb 08 at 11:10 |
Say you had an 80k deposit for a house and the house you were looking at was 130k so would need roughly a 50k morgage, Is it flexible on how long you can pay that 50k of for .. Cause ive worked out if i payed 50k off over 25 years it would be around 175 pounds a month including intrest, then i gather it would be another 300 - 400 a month for bills etc,... at the moment i spend silly amounts on insurance for the ibiza etc but in a years time ill have no loan to pay and insurance should go down a fair bit... |