How Much Would I Have To Pay

[jennyjoan]

How much would it cost me to pay £390 for a mortgage per month- you I have another mortgage. Thanks

[Ric.ror]

I might be missing the obvious but isn't it £390 + whatever the other mortgage is?
Perhaps I'm missing something

[alavahalf]

Sorry I dont understand the question, but this is a fairly good place to start ...

https://www.moneysavingexpert.com/mortgages/best-buys/

[Peter Pedant]

I hate it when I have to say " I dont understand what you have written"

as it is so close to a standard AB put down "what wiv dat den?"
used triumphantly by a selection on AB who actually DO understand what the question is but is so much funnier if you say you dont ... when you do

£390 per month as a payment will buy quite a lot of mortgage - around about £96 000 ( at 5% interest only)

and I also hate it when someone says as an answer "more details please"
but ..... more details please

[rockyroad]

I'm not sure that you would be able to obtain two mortgages jenny. Unless is was for a buy to let property.

[ummmm]

You mean how much can you borrow so the repayments will be £390?

[RandyMarsh]

working out interest payments on a mortgage is easy

amount £50,000 x interest rate - 5% = £2500
£2500/ 12 months = monthly payment of £208
or use this
http://www.moneysavingexpert.com/mortgages/mortgage-rate-calculator

[rockyroad]

why do people ask cryptic questions then don't get back to explain?

[Peter Pedant]

agree rand
his figures sort of agrees with mine innit ( pro rata )

[Mamyalynne]

Some good advice and links on your recent question.

http://www.theanswerbank.co.uk/Law/Question1532160.html

[Mamyalynne]

wrong thread, sorry.