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- Joined
- 24 Dec 2006
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- 1,060
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- GB
Ok. Just bought house for 179K. 36K deposit. 143K mortgage. 80% LTV in lovely Bromsgrove, Worcestershire.
Paying £618 per month on 3 year fix.
In 2.5 years i am due a 50K payment which is going in the mortgage at renewal.
Could someone calculate examples (useless with online calcs!) for 3, 4, 5, 6, 7%, please?
I think my mortgage advisor said after 3 years, having paid in an extra 50K with some allowed over payment we would require a renewal for 90K??
If the house valued at 200K (new kitchen/ bathroom/ dec throughout/ rising market/ some good luck! We got the house at a good price as they are in the school catchment dilemma) at renewal what would 45% LTV at the above rates serve us up? Lets assume from this point it would be over a further 15 year period.
Paying £618 per month on 3 year fix.
In 2.5 years i am due a 50K payment which is going in the mortgage at renewal.
Could someone calculate examples (useless with online calcs!) for 3, 4, 5, 6, 7%, please?
I think my mortgage advisor said after 3 years, having paid in an extra 50K with some allowed over payment we would require a renewal for 90K??
If the house valued at 200K (new kitchen/ bathroom/ dec throughout/ rising market/ some good luck! We got the house at a good price as they are in the school catchment dilemma) at renewal what would 45% LTV at the above rates serve us up? Lets assume from this point it would be over a further 15 year period.
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