Hi All
I am about to take the plunge and buy a house in Wimbeldeon. I have a 25% deposit and am looking to borrow 550K. Halifax have a 3.69% mortgage which means that monthly repayments are 3K a month.
In the grand scheme of things 3k a month is not a lot if you are on 525 a day - The problem is what happens if you lose your contract!! I have some savings left after the mortgage (about one years worth) in the war chest but the question for you intelligent folks are....
What mortgage monthly repayment wiould you start to feel stretched at? Is 3K a month in mortgage payment a lot??
I am about to take the plunge and buy a house in Wimbeldeon. I have a 25% deposit and am looking to borrow 550K. Halifax have a 3.69% mortgage which means that monthly repayments are 3K a month.
In the grand scheme of things 3k a month is not a lot if you are on 525 a day - The problem is what happens if you lose your contract!! I have some savings left after the mortgage (about one years worth) in the war chest but the question for you intelligent folks are....
What mortgage monthly repayment wiould you start to feel stretched at? Is 3K a month in mortgage payment a lot??
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