What percentage of your salary is your mortgage and how old are you?

[ComeBackBarack]

We’re mortgage free at 50 and looking at getting a mortgage that would take ten years to pay off at 30% of our take home pay. No other debts though and minimal other outgoings.

13%, but we overpay to 19%. For about 9 more years. We are early forties.

20% and we are mid 30’s. Still got 23 years to go on it!

18%. It's gone in December and I'm mid 40s.

21% of our joint net income. We are 28 and 37 and have 27 years left on our mortgage

25%, I’m a single parent so one income and 48yo

Joint income of about 4K before tax. Mortgage £600pm. We are both 29. When you see it like that you wonder where the rest of the money goes lol.

It's 160% of my take home !
Luckily dh earns far more than me.

It's about 25% of our joint take home but we are early 40s and will be paying it until we're 70 unless we inherit or win the lottery before then

Income after tax approx £6k, mortgage about £950 but we overpay so pay £1400. So approx 20%.

Sorry I meant to add we're early 30s

36% late 30s most still to pay off.

Over 30 years ago this wasn't regulated. On my first home, at one point, 85% of my take home salary went to pay steep interest rates on my mortgage.
It was a very worrying time.

Last time I posted I was told I was 'lucky' to be able to get a mortgage in my early 20's. I suppose yes I was but it was a big risk.

I remember being asked how much I could pay towards a mortgage a month, that was written down and the mortgage offer was loosely based on this. No further questions about other outgoings!

My point had been that as it was so unregulated lots of my friends lost everything as it's unsustainable long term as interest rates varied wildly in the 1980's. After this fiasco and so many houses being repossessed regulations were tightened.

Early 30’s with around 28 years left on the mortgage. Following DH’s promotion last month ours is now 11.5% of our monthly take home. Currently have a large home improvement loan which is around 15% of our income and childcare bills of 15% as well. Once the loan is gone in 3 years and DD is entitled to 30 hours free next year then we are planning on overpaying by quite a bit unless DH comes round the idea of DC2

14.5 % of my almost part time salary. I'm 52

7%. I'm 47 and we're coming to the end of paying ours

13% but we overpay to 19%. We are late 20s.

Both 28, 25% of joint income.

41% and I am 40.

We are 41 and have 25 percent of both wages - 20 years left.

12% of joint salary at age 35. We took out a 25 year mortgage when we were 23 so should be mortgage free before 50. The only reason we aren't overpaying at the moment is because my current role is fixed term contract so we are prioritising savings over mortgage.

0% of salary since age 46, now age 50, sorry small gloat there (at mortgage free not being 50!)

It was not an expensive mortgage (west coast Scotland, 3 bed detached worth £150k ish), we never bought until our 30's and prior to being paid off the payments were around 25% but we regularly overpaid whenever we could afford it.

I would not consider getting into a mortgage again now, financial priority for us is to get ds through further education. Also to save to retire as soon as possible, or have savings in case of redundancy/job loss in my 50s which is a possibility in current role.

Half of my income, 25% joint. 38.

Age 32. 18% per month. Plan to increase to about 25% in the next couple of years.

About 12%.

I have a teeny mortgage rather than a big wage.

I'm 40 DH is 51. We are 17 years in a 25 year. Hopefully will never move.

41 and 22%

13%. Mid 50s. Only another year to go.