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Wondering how much people pay per month for their mortgage...

(489 Posts)
Northernlassie1974 Sat 01-Jun-19 00:46:10

We currently have our house on the market, looking to move to a new build property nearby. New mortgage has been quoted as being £805 per month. That's more than we are currently paying but actually less than I thought. It's a bigger property and to move up a size the prices go up considerably around here. We aren't well off, don't have a fat pot of savings or equity in the house so, as I see it, that cost is about what we expected. We know of lots of people with mortgages more than that.

A friend asked the other day what it is likely to cost per month and commented it was a lot of money. So, out of interest, I'm wondering what people are generally paying for their mortgages???

OP’s posts: |
Jenb2104 Sat 01-Jun-19 00:47:08

Just over 400

Pinkvoid Sat 01-Jun-19 00:48:04

I read someone’s reply on a thread a few weeks ago and she basically said she doesn’t know anyone who pays less than a grand a month hmm.

We pay £500 a month. We had a substantial deposit and are up north.

EnglishRose13 Sat 01-Jun-19 00:50:26

£677 for a four bed detached in the south west.

YouBumder Sat 01-Jun-19 00:52:57


It was £835 when interest rates were higher

blue25 Sat 01-Jun-19 00:53:38

£1050 a month on a 500k house. 12 years left until paid off.

HiJenny35 Sat 01-Jun-19 00:54:04

We are paying nearly twice what you are considering however it's all totally relative, we have shortened the mortgage term so we pay it off quicker and this isn't particularly a large monthly amount for where we live so it's just such a huge question. I know people with pretty much no mortgage and some with higher than us.

AndWhatNext Sat 01-Jun-19 00:55:19

Just over £500, London suburb. 3 bedroom house.

Bingbangbingbangbong Sat 01-Jun-19 00:55:34

£1400 for a three bed detached house on the outskirts of London

BanditoShipman Sat 01-Jun-19 00:55:48

We have two smile

Main house is £1390 a month, nearly kills us. Other house is £390 a month (accidental landlords)

DownUdderer Sat 01-Jun-19 00:56:07

I think it’s better to think about what percentage of your monthly earnings go on the mortgage.

Seren85 Sat 01-Jun-19 00:57:32

£562. 3 bed semi in a nice area in NW England. Bought a year ago.

Gomyownway Sat 01-Jun-19 01:01:35

£1300 for a three bed semi in Manchester.

We only had a five percent deposit, and hoping to remortgage this year which our broker estimates will drop our payments to £1000

ttcno12334 Sat 01-Jun-19 01:03:35

£1100 three bed semi Essex, 24 years left.

Sweetheart1313 Sat 01-Jun-19 01:03:40

Less than £500 a month, 3 bed semi in the Midlands in a pretty decent area.

Northernlassie1974 Sat 01-Jun-19 01:05:19

Thanks all, hmmm percentage of income wise it's about 24% of our monthly income, not sure if that's good or bad??? Mortgage would be for 30 years 😫 which also makes me nervous!
I go through phases of thinking 'it is what it is' current house is just too small, we need a new one, that's what it costs. And phases where I feel a bit panicked as it feels a long time committed to working full time etc.

OP’s posts: |
0DimSumMum0 Sat 01-Jun-19 01:06:49

£1400 on a 1 bed flat in London with quite a big deposit.

Derpess Sat 01-Jun-19 01:09:56

Can't get a mortgage 😔 paying 1450
rent for 3 bed south london. Depressing and soul destroying that a mortgage would be cheaper.

JaneGlorianaVillanueva Sat 01-Jun-19 01:10:52

Ours is £620. 3 bed in decent area of the NW

Basilneedswaterandsun Sat 01-Jun-19 01:11:58

1500 on a 4 bed house

dirynosaurusrex Sat 01-Jun-19 01:14:27

£1400. Recently remortgaged, previously £1700.

whinetime89 Sat 01-Jun-19 01:24:32

We pay (Australian) $2400 a month

pumpkinpie01 Sat 01-Jun-19 01:24:38

£457 on a 5 bed house in the midlands

WhoEatsPopTarts Sat 01-Jun-19 01:26:43

28% of monthly take home for a large four bed house.

septemberismyfavouritemonth Sat 01-Jun-19 01:28:41

£1600 for a 2 bed end of terrace in zone 4 London

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