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

[Northernlassie1974]

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???

[Jenb2104]

Just over 400

[Pinkvoid]

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 .

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

[EnglishRose13]

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

[YouBumder]

£600

It was £835 when interest rates were higher

[blue25]

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

[HiJenny35]

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]

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

[Bingbangbingbangbong]

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

[BanditoShipman]

We have two :)

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

[DownUdderer]

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

[Seren85]

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

[Gomyownway]

£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]

£1100 three bed semi Essex, 24 years left.

[Sweetheart1313]

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

[Northernlassie1974]

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.

[0DimSumMum0]

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

[Derpess]

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

[JaneGlorianaVillanueva]

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

[Basilneedswaterandsun]

1500 on a 4 bed house

[dirynosaurusrex]

£1400. Recently remortgaged, previously £1700.

[whinetime89]

We pay (Australian) $2400 a month

[pumpkinpie01]

£457 on a 5 bed house in the midlands

[WhoEatsPopTarts]

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

[septemberismyfavouritemonth]

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

[septemberismyfavouritemonth]

35% take home pay