How much is your monthly mortgage payment?

[brokenthings]

I'm just very intrigued! Mine is £800 a month.

My parents have very kindly loaned us £20k leaving us with a mortgage of £16k. We pay £450 a month to them and £90 a month off the mortgage. I'm 40, dh is 43 but we're in a race to get it cleared as I'm chronically ill and my health is declining rapidly. I'm not sure how much longer I'll be able to work so we're trying to secure the roof over our heads.

Ours is about to be about 25% of our take home pay

£195 staying in our little house helped us afford my dh being a stay at home parent

£1800- for a small 3 bed semi in Bristol. Ridiculously priced

£500 currently. From next month it'll be £1200 (for 25yrs) 😭

About 450

£650

Just shy of £1500.

@zigzagbetty

£195 staying in our little house helped us afford my dh being a stay at home parent

Yes we are totally re thinking our need for 4 bedrooms. I think we could go down to a 2 for the sake of the saving.

@caringcarer

Have to pay £700 but overpay so pay £1000. About 3 years left but very low interest rate 0.3 above base rate so 0.8 percent interest.

Your rate is even lower if it is 0.3 plus base rate as base is currently 0.1%

@Dogonahottinroof

£4003? Is that a typo? If not your mortgage (and house) must be massive 😱

@Rowenasemolina

I’m amazed what a small percent of income that some of these are.

Mines paid off now, but was about 70- 75% of my pay for 25 years. I thought that was normal

How on earth is that normal? You wouldn't qualify for a mortgage of that percentage income, there must have been a joint applicant earning at least the same as you, possibly more.

But I don't understand these threads at all. You end up with a list of meaningless random numbers because you're asking an atypical cohort with no context to any of the answers given.

1,364 (for a small tatty 3 bed semi in the South East)

£299, although we pay £350 to try and cut the term down.

£280, house was only £135,00 5 years ago, overpayments have taken the total owed to £68,000. It was around £500 a month before. Joint income not loads at all. Maybe touching 40k max

£400

£840 but we overpay monthly so it ends up being £1100

580

Zero as we overpaid but we are now paying top ups and allowance to 1 kid at Uni and another starts this September, so we pay that now instead.

£33

£400 on our first property. We were very lucky to have a large deposit. I thought that was probably significantly lower than average but seems pretty standard on here.

@Arrierttyclock Bristol is worth it tho 😍
The nice areas are soooo expensive though 😭😭😭😭😭

11.25% of our income but we are looking to move next year so it’ll be more likely 22.28% of our income then.

£666

Hmm in 1982 my mortgage was £245 and my monthly pay was £497. So a fraction under 50% when when mortgage offers were strictly 2.5 times salary.