Can you afford it? Georgian townhouse, Edinburgh
Agent: DJ Alexander (0131 652 7313)
What you get: A four-bedroom apartment on the second floor of a Georgian townhouse blessed with the finest attributes of buildings from this era – expansive rooms, high ceilings, full-length windows with their original shutters, flagstone floors in the kitchen and stained-oak floorboards in the remaining rooms.
Where: From the moment you arrive in Edinburgh, it's apparent why it's envied for its architecture and designated a Unesco World Heritage Site. Dundas Street is in the heart of New Town, only a five-minute walk to the shops and galleries galore of Princess Street.
How much will I be able to borrow?
These mortgages from the Newcastle Building Society are for a 25-year term. There is a completion fee of £999 and a reservation fee of £99 with both options.
Tracker mortgage: Requires a minimum deposit of 25 per cent, or £143,750, leaving a balance of £431,250. It tracks at 1.60 per cent above the Bank of England Base Rate (BBR), currently 5.3 per cent, for the duration of the term. Your monthly repayments will be £2,938.04, or £2,371.88 interest only, at the current BBR. There is also £200 cash back, payable two weeks after completion.
Two-year fixed-rate mortgage: The minimum deposit required for this option is 15 per cent, £86,250, leaving a balance of £488,750. The interest rate is fixed at 6.50 per cent until 31 July 2010, when it will revert to the standard variable rate (SVR), currently 7.22 per cent. Monthly repayments will be £3,300.08, £2,647.40 interest only, reverting to a payment of £3,510.37, £2,940.65 interest only, at the current SVR.
Council tax: Band G, £2,580.88
Stamp duty: 3 per cent, £17,250
Legal costs to include land registry and search fees: from £1,500
Information correct at the time of printing. Quotes subject to status.
- 1 Stoke City investigate 'religious abuse' after 'pig's head is found in Kenwyne Jones' locker'
- 2 Gove’s lesson: spare the comma, spoil the child
- 3 Ukip captures Labour fortress in South Yorkshire by-election
- 4 You thought Ryanair's attendants had it bad? Wait 'til you hear about their pilots
- 5 Join Ryanair! See the world! But we'll only pay you for nine months a year
BMF is the UK’s biggest and best loved outdoor fitness classes
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
£450 - £500 per day: Orgtel: Sourcing Manager - Banking - London - Up to £500p...
To be discussed at interview.: Queen Elizabeth's School: An experienced and ef...
£294.05 - £330.92 per day + 150 per day travel and accommodation: Orgtel: A le...
Day In a Page
A five-bedroom bungalow in Hoveton with riverside garden and mooring dock, £550,000
A refurbished one-bedroom flat with south-facing reception and high ceilings. £579,950
A four-bedroom Grade II-listed house in Nazeing with large gardens. £550,000
A modern four-bedroom house in a converted stable within walking distance to Peckham Rye. £695,000
Three-bedroom house in a quiet residential area within close distance to Battersea Park. £450,000
A three-bedroom cottage within commuting distance of London, Norwich and Cambridge. £250,000
A two-bedroom cottage with a sun room and gardens in South Chard. £350,000.
A three-bedroom semi-detached house with original features including fireplaces and wooden flooring. £399,950
A modern two-bedroom flat split across two floors and close to several public transport links. £595,000
A one-bedroom flat with an open-plan reception/kitchen and private balcony. £315,000.
A bright two-bedroom garden flat between South Acton and Chiswick Park. £499,950.
A listed four-bedroom farmhouse with stables, set in four acres. £500,000.
A three-storey family home with four bedrooms and an extended kitchen/diner. £995,000.
A three-bedroom Hamstone cottage in the rolling Somerset countryside. £430,000.
A luxury one-bedroom apartment on the first floor of a converted Victorian house. £425,000.
Three-bedroom semi-detached house with private parking and a rear garden. £249,995.