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Author Topic: How much mortgage or rent do you pay each month?  (Read 6163 times)

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aaronjb

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Re: How much mortgage or rent do you pay each month?
« Reply #45 on: 02 July 2013, 10:12:57 »
Quote from: Sir Tigger on 02 July 2013, 09:50:37
Now that Mark Carney is in charge at The Bank of England, it will be interesting to see where interest rates go in the coming months and years...  :-\

Up up up, I bet..

Currently paying ~£1350 a month on a fixed rate that runs out of fixedness in a couple of years; hopefully by then I either have a) some cash to pay off the capital and get on another favourable fixed rate or b) interest rates are still low..

Not that my current rate is very favourable at 6.19%, but not having a hundred grand lying around like some folks I work with made my deposit 'small' by bank standards, apparently!
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Field Marshal Dr. Opti

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Re: How much mortgage or rent do you pay each month?
« Reply #46 on: 02 July 2013, 18:52:25 »
Quote from: aaronjb on 02 July 2013, 10:12:57
Quote from: Sir Tigger on 02 July 2013, 09:50:37
Now that Mark Carney is in charge at The Bank of England, it will be interesting to see where interest rates go in the coming months and years...  :-\

Up up up, I bet..

Currently paying ~£1350 a month on a fixed rate that runs out of fixedness in a couple of years; hopefully by then I either have a) some cash to pay off the capital and get on another favourable fixed rate or b) interest rates are still low..

Not that my current rate is very favourable at 6.19%, but not having a hundred grand lying around like some folks I work with made my deposit 'small' by bank standards, apparently!


I don't understand why we are all paying 5...6....or even 7% on our mortgages when the base rate is just 0.5%.

I suspect that the banks are screwing us. :-\

For many years the mortgage rate was within 1% of the base rate.......but those days seem long gone. :(
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Rog

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Re: How much mortgage or rent do you pay each month?
« Reply #47 on: 02 July 2013, 21:08:11 »
Quote from: Mr. Opti on 02 July 2013, 18:52:25


I don't understand why we are all paying 5...6....or even 7% on our mortgages when the base rate is just 0.5%.

I suspect that the banks are screwing us. :-\

For many years the mortgage rate was within 1% of the base rate.......but those days seem long gone. :(

"Suspect" ? Oh come on Opti. Lets put the 'ol grey cells into motion here, of course they are

What about the wongcash payday sharks and their 3,000% and much higher rates. "They are out to screw you, all of them" regardless of their "nice" TV adverts. Even the credit card companies, 15% APR is cheap, 20%-30% is not unusual.

I could go on . . . . . for a very long time . . . .

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2woody

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Re: How much mortgage or rent do you pay each month?
« Reply #48 on: 02 July 2013, 22:17:52 »
we're on about £750 a month, but I do get no neighbours for a mile in any direction, wonderful views, 250+ acres in which to walk the dogs and enough undercover parking space for about 30 cars
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Vamps

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Re: How much mortgage or rent do you pay each month?
« Reply #49 on: 02 July 2013, 22:31:18 »
Quote from: brendan1983 on 02 July 2013, 10:07:34
I've only recently bought my first house...  I'm paying £348 a month mortgage - that was with a 20k deposit though

Those figures don't stack up for a house in Hampshire surly?...... :-\ :-\ :-\
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brendan1983

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Re: How much mortgage or rent do you pay each month?
« Reply #50 on: 03 July 2013, 08:37:20 »
Quote from: Vamps on 02 July 2013, 22:31:18
Quote from: brendan1983 on 02 July 2013, 10:07:34
I've only recently bought my first house...  I'm paying £348 a month mortgage - that was with a 20k deposit though

Those figures don't stack up for a house in Hampshire surly?...... :-\ :-\ :-\

I managed to find a house for 95k that needed a lot of work  :)

I took me about 8 months and about 8k but it's all good now - just need to build a garage now
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Vamps

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Re: How much mortgage or rent do you pay each month?
« Reply #51 on: 03 July 2013, 21:17:16 »
Quote from: brendan1983 on 03 July 2013, 08:37:20
Quote from: Vamps on 02 July 2013, 22:31:18
Quote from: brendan1983 on 02 July 2013, 10:07:34
I've only recently bought my first house...  I'm paying £348 a month mortgage - that was with a 20k deposit though

Those figures don't stack up for a house in Hampshire surly?...... :-\ :-\ :-\

I managed to find a house for 95k that needed a lot of work  :)

I took me about 8 months and about 8k but it's all good now - just need to build a garage now

Result!!!!........... :y :y :y
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brendan1983

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Re: How much mortgage or rent do you pay each month?
« Reply #52 on: 04 July 2013, 09:59:45 »
Quote from: Vamps on 03 July 2013, 21:17:16
Quote from: brendan1983 on 03 July 2013, 08:37:20
Quote from: Vamps on 02 July 2013, 22:31:18
Quote from: brendan1983 on 02 July 2013, 10:07:34
I've only recently bought my first house...  I'm paying £348 a month mortgage - that was with a 20k deposit though

Those figures don't stack up for a house in Hampshire surly?...... :-\ :-\ :-\

I managed to find a house for 95k that needed a lot of work  :)

I took me about 8 months and about 8k but it's all good now - just need to build a garage now

Result!!!!........... :y :y :y


It's not a massive house - 2 good size double bedrooms, but seeing at it's just for me it'll do nicely - hopefully be starting a garage soon - It won't be on same scale as the previous build thread on here, only 4x5.5m but big enough for a car and a bike.
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tunnie

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Re: How much mortgage or rent do you pay each month?
« Reply #53 on: 04 July 2013, 10:19:33 »
Quote from: Mr. Opti on 02 July 2013, 18:52:25
Quote from: aaronjb on 02 July 2013, 10:12:57
Quote from: Sir Tigger on 02 July 2013, 09:50:37
Now that Mark Carney is in charge at The Bank of England, it will be interesting to see where interest rates go in the coming months and years...  :-\

Up up up, I bet..

Currently paying ~£1350 a month on a fixed rate that runs out of fixedness in a couple of years; hopefully by then I either have a) some cash to pay off the capital and get on another favourable fixed rate or b) interest rates are still low..

Not that my current rate is very favourable at 6.19%, but not having a hundred grand lying around like some folks I work with made my deposit 'small' by bank standards, apparently!


I don't understand why we are all paying 5...6....or even 7% on our mortgages when the base rate is just 0.5%.

I suspect that the banks are screwing us. :-\

For many years the mortgage rate was within 1% of the base rate.......but those days seem long gone. :(

Its all down to risk of the lender, when I took mine out in late 2009 none of the banks were lending. I had a 10% deposit, the best rate at the time was 6.3%  :o  :'(

However that comes to an end in August, it almost half's  :o  :D - So looking forward to that.

Looking at selling up and getting a house too, I've seen my flat price increase by 25% in 3 years. Taking that profit to the new place, I'm looking at rates of 2.3%  8)
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Rog

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Re: How much mortgage or rent do you pay each month?
« Reply #54 on: 04 July 2013, 19:59:12 »
Quote from: tunnie on 04 July 2013, 10:19:33


Looking at selling up and getting a house too, I've seen my flat price increase by 25% in 3 years. Taking that profit to the new place, I'm looking at rates of 2.3%  8)

That's got to be London. Nowhere else in the uK has had anything like that.

I've lived in my London suburbs house for around 18 years. Value increased by over 300%. Its on market right now hoping to sell and get a decent flat in London AND a big house in the provinces with an eye on retirement.  :y . . . maybe :-\
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YZ250

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Re: How much mortgage or rent do you pay each month?
« Reply #55 on: 04 July 2013, 20:41:51 »
Mine is £0 as I finished paying for our house over six years ago.  :y

Question is, why do I appear to be no better off?  :-\ 

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Field Marshal Dr. Opti

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Re: How much mortgage or rent do you pay each month?
« Reply #56 on: 04 July 2013, 21:05:39 »
Quote from: YZ250 on 04 July 2013, 20:41:51
Mine is £0 as I finished paying for our house over six years ago.  :y

Question is, why do I appear to be no better off?  :-\


....because you're spending it all on birds and booze...... ;D ;D ;D :y
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Rog

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Re: How much mortgage or rent do you pay each month?
« Reply #57 on: 04 July 2013, 21:16:15 »
Quote from: Mr. Opti on 04 July 2013, 21:05:39
Quote from: YZ250 on 04 July 2013, 20:41:51
Mine is £0 as I finished paying for our house over six years ago.  :y

Question is, why do I appear to be no better off?  :-\


....because you're spending it all on birds and booze...... ;D ;D ;D :y

Sounds good   :y

"Birds !" That really is very '60s

Are you more ancient than me ? Possibly
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YZ250

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Re: How much mortgage or rent do you pay each month?
« Reply #58 on: 04 July 2013, 21:57:47 »
Quote from: Mr. Opti on 04 July 2013, 21:05:39
Quote from: YZ250 on 04 July 2013, 20:41:51
Mine is £0 as I finished paying for our house over six years ago.  :y

Question is, why do I appear to be no better off?  :-\


....because you're spending it all on birds and booze...... ;D ;D ;D :y

If only  ;D :y
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tunnie

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Re: How much mortgage or rent do you pay each month?
« Reply #59 on: 04 July 2013, 22:40:44 »
Quote from: Rog on 04 July 2013, 19:59:12
Quote from: tunnie on 04 July 2013, 10:19:33


Looking at selling up and getting a house too, I've seen my flat price increase by 25% in 3 years. Taking that profit to the new place, I'm looking at rates of 2.3%  8)

That's got to be London. Nowhere else in the uK has had anything like that.

I've lived in my London suburbs house for around 18 years. Value increased by over 300%. Its on market right now hoping to sell and get a decent flat in London AND a big house in the provinces with an eye on retirement.  :y . . . maybe :-\

Yup. W3. Wanna buy my flat  ::)
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