McJambo Posted March 1, 2008 Share Posted March 1, 2008 For moving into your own house? Let's say you have a mortage of say 60,000 on a property in Edinburgh. How much would you need monthly to service that as well as the other bills that come with owning your own home. Everyone I know that owns a house seems a bit cagey when you ask about these kind of things! Cheers Link to comment Share on other sites More sharing options...
N User Posted March 1, 2008 Share Posted March 1, 2008 rbs.co.uk have a repayments calculator Link to comment Share on other sites More sharing options...
Meadows Posted March 1, 2008 Share Posted March 1, 2008 For ?60,000 in Edinburgh it would need to be a Wendy House... However, to try and help: Say a mortgage of ?80,000 Deposit of 10% ?8000 Legal Fees ?600 Survey ?275 registration fees ?200 Borrowing ?72000 on interest only approx ?400 per month depending on mortgage deal. Council Tax is approx ?100 per month (for ten months) Insurance contents & building ?60 per month Gas / Electric ?40 per month All figures are guesstimates and hopefully give you an idea;) Link to comment Share on other sites More sharing options...
Peebo Posted March 1, 2008 Share Posted March 1, 2008 For moving into your own house? Let's say you have a mortage of say 60,000 on a property in Edinburgh. How much would you need monthly to service that as well as the other bills that come with owning your own home. Everyone I know that owns a house seems a bit cagey when you ask about these kind of things! Cheers Probably no more than ?600. Link to comment Share on other sites More sharing options...
belly Posted March 1, 2008 Share Posted March 1, 2008 I own a house but not in Edinburgh and my monthly outgoings (on an ?80,000 mortgage) are as follows: Mortgage: ?460 approx (for ?60,000 your looking at ?410-?440 on a capital repayment mortgage.) Council Tax: ?112 approx (10 months) Buldings and contents insurance: ?25 Phone and Broadband: ?35 Electricity: ?36 Gas: ?37 Tv License: ?12 Life Insurance for me and wife: ?39 Employment Insurance for myself : ?18 So all in all works out at roughly ?780 per month Link to comment Share on other sites More sharing options...
Craig R Posted March 1, 2008 Share Posted March 1, 2008 I take it you have other money to spend on the house other than the ?60k mortgage? You'd struggle to get a 1 bedroom flat in Muirhouse for that. Link to comment Share on other sites More sharing options...
coppercrutch Posted March 1, 2008 Share Posted March 1, 2008 I take it you have other money to spend on the house other than the ?60k mortgage? You'd struggle to get a 1 bedroom flat in Muirhouse for that. Call me 'Poirot' but I reckon the OP may have just inherited this situation......... Link to comment Share on other sites More sharing options...
McJambo Posted March 2, 2008 Author Share Posted March 2, 2008 I take it you have other money to spend on the house other than the ?60k mortgage? You'd struggle to get a 1 bedroom flat in Muirhouse for that. Its just as I said a rough figure. The 60,000 would be purely on repayments after a deposit of hopefully 10,000. I'd also be moving in with someone else so obviously that doubles the amount to 120,000 + deposits! Link to comment Share on other sites More sharing options...
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