2 years into our mortgage and im fed up! Does it end?

(299 Posts)
Asia98 Sun 16-May-21 15:50:52

I feel lucky that I have managed to purchase my dream house. However, 2 years in of paying, I am dreading another 13 years of this! I miss our previous luxuries. Does it end? does it get better??

OP’s posts: |
LST Sun 16-May-21 15:53:35

Only 13! I'm on year 2 and have another 33 years left. Count yourself lucky!

worriedandannoyed Sun 16-May-21 15:53:37

What did you used to pay before a mortgage, rent? You're lucky to only have 13 years left, many have a 30 year morty these days. We all miss luxuries don't we??

Hankunamatata Sun 16-May-21 15:53:57

You only have a 15 year mortgage 😳

HollowTalk Sun 16-May-21 15:53:58

Surely it would cost you more to rent somewhere similar? Your mortgage term seems short - was it really 15 years in total?

Hankunamatata Sun 16-May-21 15:54:40

Change the term to 30 years and have some luxuries

HandlebarLadyTash Sun 16-May-21 15:56:10

No, as soon as it ends you realise your pension is shit & any extra money you though you had goes into thatdaffodil

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scammedmum29 Sun 16-May-21 15:56:34

Would love to only have 13 years left on my mortgage

UhtredRagnarson Sun 16-May-21 15:56:51

Are your diamond shoes also too tight?

PegPeople Sun 16-May-21 15:57:28

You've got to be joking... Surely no one would be deliberately so blind to how privileged this makes them sound?

15 years for a mortgage is rediculously short but of course you already knew that before starting the thread. hmm

UhtredRagnarson Sun 16-May-21 15:57:29

How much were you paying for accommodating before you got your mortgage? confused

Dancingbugbadge Sun 16-May-21 15:57:41

Then do what most people do and have a mortgage that lasts between 25-35 years... surely you paid rent before so are used to paying something each month. No sympathy here I’m afraid!

BritWifeinUSA Sun 16-May-21 15:57:48

Owning your home is a luxury. If you don’t like paying for it, stop and see how much you miss that luxury when it’s taken away from you.

Northernlurker Sun 16-May-21 15:57:49

Dream house and15 years on your mortgage? Grow up and deal with your good fortune. Plenty of people can't afford a mortgage ever.

Asia98 Sun 16-May-21 15:57:53

I am an expat living abroad. So rent with the currency here was 1500. But now I am paying 4200. Because interest levels are sky high here banks don't give above 20 years with 15 being most common.

We used to be able to do loads, go out for meals, order in have a cleaner come in etc and right now I have had to cut out on loads. Right now I want to do a pergola in garden yet its going to take a few months to raise the money! Before the mortgage we wouldnt have to think twice to get something done. We pay the mortgage, bills, petrol, food and thats about it. Once every 2 months we are able to buy something extra

OP’s posts: |
picturesandpickles Sun 16-May-21 15:57:56

What is this question? Where did you live before you had to pay for a home?

scaredsadandstuck Sun 16-May-21 15:58:46

I'm confused confused

It ends in 13 years?! It's gets better if you get a pay rise or increase your income in some other way.

Asia98 Sun 16-May-21 15:59:09

HandlebarLadyTash

No, as soon as it ends you realise your pension is shit & any extra money you though you had goes into thatdaffodil

Oh gosh!! I guess I need to get used to this

OP’s posts: |
Asia98 Sun 16-May-21 16:00:17

picturesandpickles

What is this question? Where did you live before you had to pay for a home?

We (DH and I) rented before. But rent was 1500 and I am paying nearly triple that now which is why we have had to cut most things out

OP’s posts: |
BendingSpoons Sun 16-May-21 16:01:26

Did you have to take a 15yr mortgage due to age? Otherwise you could extend the term. How much more is it than rent? Having a dream home should hopefully be something compensation for loss of luxuries. If it really isn't, maybe you need to downsize at some point.

Asia98 Sun 16-May-21 16:02:15

Dancingbugbadge

Then do what most people do and have a mortgage that lasts between 25-35 years... surely you paid rent before so are used to paying something each month. No sympathy here I’m afraid!

In the country we live in we dont have mortgages above 20 years and even then the bank rarely gives 20 years as the country isnt stable financially and foreign rates are just getting higher and higher.

OP’s posts: |
Pottedpalm Sun 16-May-21 16:03:07

What a ridiculous thread.
Yes it ends... when it ends.

Passthecake30 Sun 16-May-21 16:03:33

Owch that does sound harsh then. Will your income increase any time soon? Can you cut any bills to allow for additional extras?

nimbuscloud Sun 16-May-21 16:04:06

So you are paying £4200 per month for your mortgage instead of the £1500 per month you were paying in rent?

Planty13 Sun 16-May-21 16:04:14

OP this is very normal. It will end in, um, 13 years in your case....

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