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Corsa Sport » Message Board » Off Day » House Day » 75k mortgage on 20k salary? Affordibility? Possible? » Post Reply

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Kyle T	posted on 29th Oct 08 at 11:03
	I'm paying: 420 Mortgage 120 Loan (towards the mortgage, the seller offered 15% discount to be paid off interest free over 10 years) 120 Maintenance (inc Electricity/Water) 75 Council Tax £35 Insurances £35 Phone/Broadband £80 Food (£100 if I get some booze in) £200 Diesel All on a 1300 a month :o Thats on a 75k Mortgage, the 15% making it up to 88k Value of property
deano87	posted on 27th Oct 08 at 11:57
	quote: Originally posted by Matty G Takes the piss. The only stuff round here for less than 150k is in the bad areas. I'm on 22k and when I did quick check on HSBC to see what they'd lend all they offered was 60k. Cant get a garden shed for that :lol: Sort of the same around here - the odd place for £95k but that's it.
mwg	posted on 27th Oct 08 at 11:54
	Takes the piss. The only stuff round here for less than 150k is in the bad areas. I'm on 22k and when I did quick check on HSBC to see what they'd lend all they offered was 60k. Cant get a garden shed for that :lol:
Jill	posted on 27th Oct 08 at 10:22
	quote: Originally posted by Tiesto Buildings Insurance - ? Contents Insurance - ? IIRC If it's a flat/apartment you won't need building insurance as this would be covered by the leasehold company wouldn't it? JILL :wave:
corsa-sxi	posted on 26th Oct 08 at 23:43
	that will be all my wage used up lol, id have no money to run a car, or buy clothes
1_Litre_Porsche_Beater	posted on 26th Oct 08 at 20:31
	my mortgage is just over £700 a month including bills and food its about £1100-1200 a month. oh the joys of living in kent :lol:
corsa-sxi	posted on 26th Oct 08 at 20:00
	£404 a mnth mortgage seems reasonable for £80k ish, i cud afford it i reckon! but id guess another 300 for bills, so leaves me barely anything to live on
Tiesto	posted on 25th Oct 08 at 11:20
	Mortgage is off the agenda now. Got a letter through this morning said they were giving out compulsary redundacies at work :(
stubbsy05	posted on 25th Oct 08 at 09:10
	I ot a Mortgage for 79K when I was on 20k a year. 5.18% mortgage were £404 a month
Ian W	posted on 24th Oct 08 at 20:49
	What would the monthly repayments on that be ? What sort of deposit do you have?
Kathryn W	posted on 24th Oct 08 at 16:11
	£900 after the immeadiate outgoings is very good. £75k still isn't going to buy you very much though... then the is the continuous rise of all the bills. It's good the mortgage rate is slowly coming down but its still high, and expensive!
dannymccann	posted on 24th Oct 08 at 15:07
	Didnt know you could get 75k on only 20k a year :! Maybe there is hope for me and the missus yet. As Cosmo said £900 a month AFTER fixed outgoings is loads
Fee	posted on 24th Oct 08 at 08:23
	Gas/Electricity - £90 Water - £0 - I think this is covered under council tax up here Council Tax - £192 BT Line - £25ish for telephone and broadband Freeview - £0 TV - paid annually Buildings Insurance & Contents Insurance - paid annually
stubbsy05	posted on 24th Oct 08 at 08:17
	I've got 110k mortgage and that was when I was on 21k! Now on 23k. Tbh you need to see an Independant Financial advisor as they will search the whole market for you. Nationwide only offered me 100k, but abbey would lend me 136k at the same time!
AK	posted on 24th Oct 08 at 08:06
	how the hell are folk supposed to afford anywhere when house prices are generally so high :/
Cosmo	posted on 23rd Oct 08 at 21:24
	quote: Originally posted by antscorsa u can get a 75k mortgage on 20k? they only offered me 90k on 23k a year Not much in them really, both just under 4x wage.
antscorsa	posted on 23rd Oct 08 at 21:16
	u can get a 75k mortgage on 20k? they only offered me 90k on 23k a year
Cosmo	posted on 23rd Oct 08 at 20:59
	£900 is well enough to live on after mortgage (depending on if you have any extraordinary outgoings that is!).
IvIarkgraham	posted on 23rd Oct 08 at 18:28
	i pay 1200 a month for everything
Kathryn W	posted on 23rd Oct 08 at 18:17
	Gas/Electricity - £85 DD (Large 3 Bedroom mid terraced) Water - £38, although new properties are now on the metre things... so they charge for whatever you spend Council Tax - £82 BT Line - £9 Sky - Freeview TV - £26 (Tried to do a monthly thing but they didnt allow me so its around £26 or so every couple of months) Buildings Insurance & Contents Insurance - £26
Conway563	posted on 23rd Oct 08 at 17:50
	TBF that hasn't been updated for 8 months so with the current climate may be a bit out of date but will give you a rough idea
Tiesto	posted on 23rd Oct 08 at 17:48
	quote: Originally posted by Conway563 http://www.corsasport.co.uk/board/viewthread.php?tid=331325 :thumbs: Oops! Never check House day lol
Conway563	posted on 23rd Oct 08 at 17:46
	http://www.corsasport.co.uk/board/viewthread.php?tid=331325 :thumbs:
Tiesto	posted on 23rd Oct 08 at 17:36
	Had mortgage advice and they said yes i can get a mortgage for 75k, but i need to run through costs to see if its a viable option! Its a 1 bedroom apartment/coach house (ones on top of garages) After paying the mortgage payment i would have £900ish left to live on and pay the bills. Thought i would ask here as to a rough estimate for the bills including insurances etc. A rough list i've made: Gas/Electricity - £50? Water - £25? Council Tax - £80 BT Line - £15? Sky - £30? TV - £11 Buildings Insurance - ? Contents Insurance - ? Thanks!