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Tiesto

Member

Registered: 6th Jun 02
Location: Hinckley, Leicestershire
User status: Offline

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!

Conway563

Member

Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline

23rd Oct 08 at 17:46

http://www.corsasport.co.uk/board/viewthread.php?tid=331325

Tiesto

Member

Registered: 6th Jun 02
Location: Hinckley, Leicestershire
User status: Offline

23rd Oct 08 at 17:48

quote:
Originally posted by Conway563
http://www.corsasport.co.uk/board/viewthread.php?tid=331325

Oops!
Never check House day lol

Conway563

Member

Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline

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TBF that hasn't been updated for 8 months so with the current climate may be a bit out of date but will give you a rough idea

Kathryn W

Member

Registered: 12th Oct 03
Location: Widnes, Cheshire
User status: Offline

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

IvIarkgraham

Premium Member

Registered: 27th Mar 04
Location: Ellesmere Port, Cheshire
User status: Offline

23rd Oct 08 at 18:28

i pay 1200 a month for everything

Cosmo

Member

Registered: 29th Mar 01
Location: Im the real one!
User status: Offline

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!).

antscorsa

Member

Registered: 11th Aug 02
Location: london
User status: Offline

23rd Oct 08 at 21:16

u can get a 75k mortgage on 20k?

they only offered me 90k on 23k a year

Cosmo

Member

Registered: 29th Mar 01
Location: Im the real one!
User status: Offline

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.

Member

Registered: 5th Jul 00
Location: Aberdeen City
User status: Offline

24th Oct 08 at 08:06

how the hell are folk supposed to afford anywhere when house prices are generally so high :/

stubbsy05

Member

Registered: 23rd Oct 02
User status: Offline

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!

Fee

Member

Registered: 16th Nov 05
Location: With AK
User status: Offline

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

dannymccann

Member

Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline

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

Kathryn W

Member

Registered: 12th Oct 03
Location: Widnes, Cheshire
User status: Offline

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!

Ian W

Member

Registered: 8th Nov 03
Location: Wirral, Merseyside
User status: Offline

24th Oct 08 at 20:49

What would the monthly repayments on that be ? What sort of deposit do you have?

stubbsy05

Member

Registered: 23rd Oct 02
User status: Offline

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

Tiesto

Member

Registered: 6th Jun 02
Location: Hinckley, Leicestershire
User status: Offline

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

corsa-sxi

Member

Registered: 11th Jul 03
Location: Kingston upon Hull
User status: Offline

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

1_Litre_Porsche_Beater

Member

Registered: 9th Apr 02
Location: Kent
User status: Offline

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

corsa-sxi

Member

Registered: 11th Jul 03
Location: Kingston upon Hull
User status: Offline

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

Jill

Premium Member

Registered: 8th Jun 01
Location: Aylesbury, BUCKS
User status: Offline

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

mwg

Member

Registered: 19th Feb 04
Location: South Lakes
User status: Offline

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

deano87

Member

Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline

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

Sort of the same around here - the odd place for £95k but that's it.

Kyle T

Premium Member

Registered: 11th Sep 04
Location: Selby, North Yorkshire
User status: Offline

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