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How Much Would I Have To Pay

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jennyjoan | 08:58 Tue 10th Jan 2017 | Law
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How much would it cost me to pay £390 for a mortgage per month- you I have another mortgage. Thanks
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I might be missing the obvious but isn't it £390 + whatever the other mortgage is?
Perhaps I'm missing something
Sorry I dont understand the question, but this is a fairly good place to start ...

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





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
I'm not sure that you would be able to obtain two mortgages jenny. Unless is was for a buy to let property.
You mean how much can you borrow so the repayments will be £390?
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
why do people ask cryptic questions then don't get back to explain?
agree rand
his figures sort of agrees with mine innit ( pro rata )
Some good advice and links on your recent question.

http://www.theanswerbank.co.uk/Law/Question1532160.html
wrong thread, sorry.

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