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Mortgage

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lukey121 | 07:27 Tue 03rd Nov 2009 | Property
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roughly speaking, monthly, how much would the repayments be on a mortgage of £190 000
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Based on a 25 year repayment mortgage - you will be looking at paying just over £1,000 per month.

But that figure will be reduced if you have a deposit of £60k, and are buying a £250k house.

If you want a 100% mortgage, you will be lucky to find anyone willing to offer you the mortgage.
Plus remember that interest rates will be going up.
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The house I am buying is £290 000 and I have a £100 000 deposit
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Well hope to buy I mean. I couldnt afford £1000 a month
Check out this site to find out exactly how much various providers will want per month (plus any conditions), but you are looking at around £1,000 per month – so forget it.

http://www.fsa.gov.uk/tables/index.jsp

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