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Author Your monthly mortgage payments.
Graham88
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Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
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11th Apr 15 at 01:41   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by CORSA NUT
So much bullshit getting chatted in here...

If your on 42k a year which I highly doubt unless your a senior team leader etc, you'll take home maximum without deductions of £2600.

That is what you earn end of story. Gross pay on that is £3500. If it makes you feel better telling people you earn £3500 a month when you don't then go for it.

This post

Ben G you liar

Asides from Ben there is definetly some billy bullshit figures going on
Ben G
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Registered: 12th Jan 07
Location: Essex
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11th Apr 15 at 10:45   View User's Profile U2U Member Reply With Quote

that one did make me laugh
Marc
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Registered: 11th Aug 02
Location: York
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11th Apr 15 at 11:16   View User's Profile U2U Member Reply With Quote

I think we need to start naming who is bullshitting. I know I certainly aren't with my little terraced house.
Ben G
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Registered: 12th Jan 07
Location: Essex
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11th Apr 15 at 13:07   View User's Profile U2U Member Reply With Quote

I only have a 2 bed semi south east prices next step up is 100k more
pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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11th Apr 15 at 13:45   View Garage View User's Profile U2U Member Reply With Quote

My life. Consists of working so I'm all good lol
VrsTurbo
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Registered: 8th Jun 10
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11th Apr 15 at 13:59   View Garage View User's Profile U2U Member Reply With Quote

I could say I pull in near 10k a month but I doubt people would believe me.
Ian W
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Registered: 8th Nov 03
Location: Wirral, Merseyside
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11th Apr 15 at 15:53   View User's Profile U2U Member Reply With Quote

I guess this is the reason why it's never a good idea to talk about salaries with anyone

Was always led to believe it wasn't really a done thing
nibnob21
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Registered: 16th May 10
Location: South Derbyshire
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12th Apr 15 at 08:23   View Garage View User's Profile U2U Member Reply With Quote

Something that no-one has mentioned is the term of their mortgage. It's all well and good saying how much it is, and what percentage of your salary it is and blah blah, but if it's over a period of 40 years with a shit interest rate then you're not in an amazing situation.


MX5 Project Thread
Ben G
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Registered: 12th Jan 07
Location: Essex
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12th Apr 15 at 10:53   View User's Profile U2U Member Reply With Quote

The other side of that is if you own a northern house which costs the same as a pint of milk and you earn minimum wage.
pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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12th Apr 15 at 13:56   View Garage View User's Profile U2U Member Reply With Quote

18 years a thank you
VrsTurbo
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Registered: 8th Jun 10
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12th Apr 15 at 18:27   View Garage View User's Profile U2U Member Reply With Quote

Meh only got 40k left to pay off
Ben G
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Registered: 12th Jan 07
Location: Essex
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12th Apr 15 at 18:44   View User's Profile U2U Member Reply With Quote

£149.8k left here it goes down about 200 a month. It sickens me that 500 a month is interest.
ed
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Registered: 10th Sep 03
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12th Apr 15 at 20:37   View User's Profile U2U Member Reply With Quote

The interest is absolutely eye watering isn't it! My rate is pretty crappy and my term is 35 years - it was the only option open to me when I bought the place as not many lenders were keen on first time buyers at the time. Once I drop onto the variable rate it becomes a bit more palatable, though there's good cause to keep the monthly payments the same and over pay it because of the amount of interest you're paying.
Haimsey
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Registered: 8th May 05
Location: Nottingham Drives: Corsa B
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12th Apr 15 at 21:39   View Garage View User's Profile U2U Member Reply With Quote

Mines 30 years term, I have a spreadsheet to monitor monthly outgoings and have a sheet for the mortgage. Makes me want to cry at how much is paid off by month 12

But, appreciate the interest paid goes down with each payment and it feels better


Marcy Marc

White Sport Progress Thread
Marc
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Registered: 11th Aug 02
Location: York
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13th Apr 15 at 07:32   View User's Profile U2U Member Reply With Quote

25years fro me. £91k left.
tom130691
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Registered: 13th Sep 08
Location: Daventry
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13th Apr 15 at 19:18   View Garage View User's Profile U2U Member Reply With Quote

24.7 years and 188k left to go
Cavey
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Registered: 11th Nov 02
Location: Derby
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13th Apr 15 at 19:56   View User's Profile U2U Member Reply With Quote

We had a 40 year... Down to 35 now, paid off 3k or something of our 123 still not quite sure how we got a 40 yr term, I was 27 she was 22, so retirement age still I guess. RBS

In fact, this reminds me the fixed term is up in a few weeks, need to sort stuff out

[Edited on 13-04-2015 by Cavey]
whitter45
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Registered: 15th Nov 02
Location: Norton
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14th Apr 15 at 13:58   View User's Profile U2U Member Reply With Quote

16 years left for me - its incredible how times fly. I remember taking out my first mortage like it was yesterday
deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
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14th Apr 15 at 19:45   View User's Profile U2U Member Reply With Quote

29 years 2 months left. 4.99% interest fixed for the next 14 months. Mortgage was £133,000. Paid off £1,631.26.

Has been £713 for the last 10 months. So that's £5,498.74 interest.

What a bunch of cunts
RichR
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Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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14th Apr 15 at 20:35   View Garage View User's Profile U2U Member Reply With Quote

3 mortgages, 6 properties - still live in a building site and have no carpets
Andrew
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Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
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14th Apr 15 at 21:10   View User's Profile U2U Member Reply With Quote

One of mine has gone onto a variable rate. I need to sort it out but i'm either working on the house or working
Ben G
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Registered: 12th Jan 07
Location: Essex
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14th Apr 15 at 21:52   View User's Profile U2U Member Reply With Quote

Mines been on variable for over a year need to pull my finger out. But, it's £230 a month cheaper than when I was on a fixed rate, so not too bad.
Graham88
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Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
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15th Apr 15 at 04:40   View User's Profile U2U Member Reply With Quote

Rates are decent, so worth staying on variable for the foreseeable future!
pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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15th Apr 15 at 06:48   View Garage View User's Profile U2U Member Reply With Quote

When you're on 1.89% all is good in the hood
spencer88
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Registered: 6th Oct 08
Location: cornwall
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15th Apr 15 at 09:06   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by pow
When you're on 1.89% all is good in the hood


Bloke at work took his out on I think 0.5% above base rate just before interest rates dropped. He's been loving it since

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