Mortgage advice - monthly repayments?
Hi we are
currently renting and considering buying our first house. how much (roughly) would a mortgage of £150,000 cost per month and also £200,000? as i said an estimate would be appreciated. thanks.
Answer
It all depends on the term of the loan and the interest rate you have been quoted. over 30 years, at £150.000, it would cost you 813 a month on a repayment basis at 5% interest rates. check out this calculator so that you can enter your own data and get a quote.http://www.bbc.co.uk/homes/property/mortgagecalculator.shtml
