How do people finance a mortgage as much as £300,000.00 plz
? i pay around £800 on £100k currently .tai?
..i need to be enlighened on this issue . i currently have a mortgage of £100k. meanwhile, the repayment is around £800.00 / month, based on 20years.it often bothers my mind on how people finance it when they take on mortgages between £250 - £300k. what are the options for financing such, and without cracking. rough estimate is that repayment on such will be at the least, £2000.00 / month.kindly educate me on what i do not know . what are the possible options..and in short, how does one go about financing such a massive mortgage ?thanks as always.
Answer
You have
just given the answer to your own question. the last time it was feesable for new buyers to get on the housing ladder was about 7 years ago, if you try now the repayments will be as you stated. there are no tricks to it, if you borrow £3 k thats what your repayments will be. i feel for any body trying to buy a first home in the uk.
