bob Posted April 29, 2008 Share Posted April 29, 2008 How much are you guys getting stung per month for your mortgages? Link to comment Share on other sites More sharing options...
Csaba's Broon Shoes Posted April 29, 2008 Share Posted April 29, 2008 How much are you guys getting stung per month for your mortgages? well everybody will owe the bank different amounts over various lengths of time , so how long for how much Link to comment Share on other sites More sharing options...
Legend Claws Posted April 29, 2008 Share Posted April 29, 2008 I just got battered by a 200 quid increase after a fixed period ending. Trying to negociate a new fixed rate but it ain't easy from the other side of the world! Link to comment Share on other sites More sharing options...
The Doctor Posted April 29, 2008 Share Posted April 29, 2008 Mine's just gone down to ?860. Every month. Link to comment Share on other sites More sharing options...
eddie fenwick Posted April 30, 2008 Share Posted April 30, 2008 grand a month:mad: Link to comment Share on other sites More sharing options...
Stuart Lyon Posted April 30, 2008 Share Posted April 30, 2008 Zilch paid off last year - mind you I'm an auld yin. Link to comment Share on other sites More sharing options...
Isaac Begbie Posted April 30, 2008 Share Posted April 30, 2008 We've got a tracker mortgage, so have actually seen a reduction of about ?50 over the last few months. Which is nice. Link to comment Share on other sites More sharing options...
Dix Handley Posted April 30, 2008 Share Posted April 30, 2008 Zilch paid off last year - mind you I'm an auld yin. You`ll be one of those poor pensioners that we are always hearing about then.. Link to comment Share on other sites More sharing options...
Stuart Lyon Posted April 30, 2008 Share Posted April 30, 2008 Dix - you got me in one. Took early retirement in September 07 and became a pensioner in February this year. Still not 60 but did 42 years with my employer. For about 4 years in the late 60s/early 70s I had a bar job working 4 nights a week and all day saturday so I think I've done my bit. Link to comment Share on other sites More sharing options...
northfieldhearts Posted April 30, 2008 Share Posted April 30, 2008 ?545 for the next 19 years!!!! Link to comment Share on other sites More sharing options...
CAT Posted April 30, 2008 Share Posted April 30, 2008 Our 2 year fixed rate period has just ended and we're paying approx ?40 a month more between us. Not too bad I think, I've heard some horror stories recently. Link to comment Share on other sites More sharing options...
doctor jambo Posted April 30, 2008 Share Posted April 30, 2008 Gone up ?245 a month this year- end of fixed rate deal Now costing ?1075 monthly Major headache! Link to comment Share on other sites More sharing options...
ArmiyaRomanova Posted April 30, 2008 Share Posted April 30, 2008 Cheers guys... Now I feel guilty over being ****ed off at paying ?370 a month. Link to comment Share on other sites More sharing options...
bob Posted April 30, 2008 Author Share Posted April 30, 2008 Cheers guys... Now I feel guilty over being ****ed off at paying ?370 a month. Not too shabby. Link to comment Share on other sites More sharing options...
Jamie_the_Jambo Posted April 30, 2008 Share Posted April 30, 2008 Paying ?711 and 24 years to go. Soon to be ?0. Not old either. Just very lucky. Link to comment Share on other sites More sharing options...
billyboy38 Posted April 30, 2008 Share Posted April 30, 2008 ?350 half tracker half endowment 11 years left from the 25 started with;) Link to comment Share on other sites More sharing options...
The Old Tolbooth Posted April 30, 2008 Share Posted April 30, 2008 ?350 half tracker half endowment 11 years left from the 25 started with;) Surely you mean, half repayment, half interest only Billy I know your a gambling man, but endowments?????? Link to comment Share on other sites More sharing options...
Tazio Posted April 30, 2008 Share Posted April 30, 2008 I remember that the rule of thumb was that your rent or mortgage should roughly equal a weeks wages after tax. Changed days. Link to comment Share on other sites More sharing options...
The Old Tolbooth Posted April 30, 2008 Share Posted April 30, 2008 I remember that the rule of thumb was that your rent or mortgage should roughly equal a weeks wages after tax. Changed days. Roughly translated, equals 3 times your income over a borrowing period of 25 years which equates to approximately a quarter of your monthly salary. Link to comment Share on other sites More sharing options...
Tazio Posted April 30, 2008 Share Posted April 30, 2008 Roughly translated, equals 3 times your income over a borrowing period of 25 years which equates to approximately a quarter of your monthly salary. Typical mortgage person, finding confusing ways to explain easy things. Link to comment Share on other sites More sharing options...
The Old Tolbooth Posted April 30, 2008 Share Posted April 30, 2008 Typical mortgage person, finding confusing ways to explain easy things. You know me well Link to comment Share on other sites More sharing options...
Piper X Posted April 30, 2008 Share Posted April 30, 2008 Just under ?400 per month, but only got a year left, which is pretty cool as Im only in my 30's!! All those missed nights out at the boozer when I was teen/early twenties cuz I had a mortgage to pay, rendering me constantly skint, were worthwhile - though at the time it wasnt so much fun.....! Link to comment Share on other sites More sharing options...
bigwull22 Posted May 1, 2008 Share Posted May 1, 2008 just went down to ?234.25, still 13 years to go but i've missed nothing Link to comment Share on other sites More sharing options...
Miller Jambo 60 Posted May 1, 2008 Share Posted May 1, 2008 grand a month:mad: **** thought mine was bad. Link to comment Share on other sites More sharing options...
coppercrutch Posted May 1, 2008 Share Posted May 1, 2008 I have a cunning plan never to have a mortgage.(Or If I have to a very small one) And it doesn't come down to being lucky or getting inheritance. Link to comment Share on other sites More sharing options...
Jambo83 Posted May 1, 2008 Share Posted May 1, 2008 I have a nice staff mortgage from a big mortgage lender, came down from ?445 to ?405 in the last few months Link to comment Share on other sites More sharing options...
Boris Posted May 1, 2008 Share Posted May 1, 2008 I have a cunning plan never to have a mortgage.(Or If I have to a very small one) And it doesn't come down to being lucky or getting inheritance. CC's "des res" Link to comment Share on other sites More sharing options...
moz Posted May 1, 2008 Share Posted May 1, 2008 Just over ?1100 a month.......... Link to comment Share on other sites More sharing options...
coppercrutch Posted May 1, 2008 Share Posted May 1, 2008 CC's "des res" How did you know !! It looks homely. Link to comment Share on other sites More sharing options...
jazzmaster Posted May 1, 2008 Share Posted May 1, 2008 ?804 per month, 19 years to go, worth every penny. Link to comment Share on other sites More sharing options...
coppercrutch Posted May 1, 2008 Share Posted May 1, 2008 Just out of interest (Pardon the pun) how many of you actually work out how much interest you are paying to the bank ? Quite scary. I would rather pay the bank sweet **** all !! Link to comment Share on other sites More sharing options...
moz Posted May 1, 2008 Share Posted May 1, 2008 Just out of interest (Pardon the pun) how many of you actually work out how much interest you are paying to the bank ? Quite scary. I would rather pay the bank sweet **** all !! Emmm...Yes....I think you'll find we all would rather not but hey........who else is going to loan me a quarter of a mill....?? Link to comment Share on other sites More sharing options...
coppercrutch Posted May 1, 2008 Share Posted May 1, 2008 Emmm...Yes....I think you'll find we all would rather not but hey........who else is going to loan me a quarter of a mill....?? Fair point !! However there are other ways to do it. Wait to buy at the right time. Save up all you can. Pay cash. Use the money to earn YOU interest rather than the bank. That is my plan anyway, however one of my investment's in gold is looking shaky at the mo !! Just stuck in another grand. I think I must be mental. Link to comment Share on other sites More sharing options...
Boaby Ewing Posted May 1, 2008 Share Posted May 1, 2008 Fair point !! However there are other ways to do it. Wait to buy at the right time. Save up all you can. Pay cash. Use the money to earn YOU interest rather than the bank. That is my plan anyway, however one of my investment's in gold is looking shaky at the mo !! Just stuck in another grand. I think I must be mental. What price was it at when you bought into your gold ETF/shares the first time? It's just broken below $850 an ounce btw - would I be right in saying you recently got an email saying 'now is the time to buy' or something along those lines? Not saying its not, not saying it is. But I am curious... Link to comment Share on other sites More sharing options...
coppercrutch Posted May 1, 2008 Share Posted May 1, 2008 What price was it at when you bought into your gold ETF/shares the first time? It's just broken below $850 an ounce btw - would I be right in saying you recently got an email saying 'now is the time to buy' or something along those lines? Not saying its not, not saying it is. But I am curious... I bought in gold/silver related shares. So not exactly linked to the price of gold, but pretty close. I am about ?300 down just now I think. As for an email no danger. I like to make my own mind up about things. If it is a bad move then so be it !! I reckon it will do very well over the next year though. You can't just jump ship every time you are in negative territory !! Link to comment Share on other sites More sharing options...
Rab Posted May 1, 2008 Share Posted May 1, 2008 I just got battered by a 200 quid increase after a fixed period ending. Trying to negociate a new fixed rate but it ain't easy from the other side of the world! Just went through exact same thing mate, can recommend an excellent broker who sorted me out via email (she did the original one too). PM me if you want details. Link to comment Share on other sites More sharing options...
chester copperpot Posted May 1, 2008 Share Posted May 1, 2008 Was paying out just under a grand a month just before xmas, and before the in laws gave me their hoose. My mortgage payment now is ?0. Its great. Link to comment Share on other sites More sharing options...
davemclaren Posted May 1, 2008 Share Posted May 1, 2008 Was paying out just under a grand a month just before xmas, and before the in laws gave me their hoose. My mortgage payment now is ?0. Its great. A bit generous of them. Link to comment Share on other sites More sharing options...
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