How much per month is your morgage/rent ?

[LovelyYellowLabrador]

And does it feel manageable to you ?

jist we are moving or extending so our will be going up

That's the key part! 🤣🤣 so you're paying £3000 against your mortgage not just interest only!
😀

Oh I see I said “rather than the original £490,00” , confusing, not quite sure what words were substituted for ones I mean to use, but I mean we’ll owe nothing from the original £490,000 and will have paid it all off.

well that was all a bit me me me😀

Ours is one fifth of our household income.
Highest its ever been as we just shortened the term.
Hopefully only for another 5 years 🙏

£970 It's about a third of our combined monthly income atm. We have 11 years left on it but trying to overpay where we can. Hopefully that I will have taken an extra 2K off it by the end of the year.

It's only needs to be 12% of our net take home pay, but we overpay every month so its 20%, it'll be paid off next year..... So excited!!

Mortgage £490 income around £4k combined
So about 12% of our income 2years into the mortgage

No they are overpaying so instead of just paying the interest they are paying off the capital part too so they won't owe anything at the end of the term. Even if they were paying the interest part only I imagine that the property has increased in value so they wouldn't be in same position as they started in

£150 a month and DS3 pays £150 rent. Mortgage is £266 so rest is for incidentals. It is coming out of my savings as I am waiting for my pension. We only have a year to run and their is no advantage to pay it off although I could. DS2 and I own it together but he moved to a village and bought a lovely house so he can have a better lifestyle. We would have sold it but DS3 had been living in it for a couple years and didn’t want to move. He is saving for his own house and he will get something for a deposit out of this one as I have helped his two brothers. DD is swanning off around the world at the moment and I am not sure when they will buy a house or where.
I bought it for £57,000 to help get DS2 on the housing ladder as he was moving about with his job. We did some work on it and it is worth about £110,000. One in the street went on for £100,000 this month and ours is slightly bigger. Grade 2 listed terrace 3 bedroom. Yard no garden. Not a bad return for our investment.

8% of net monthly income so we overpay. It’s very easily manageable. We live in South Yorkshire so housing is cheaper and you get more for your money. We chose not to borrow the maximum we were offered (300k lower) and will be mortgage free again by 42.

As others have said it depends on your take home pay and other outgoings. Ours is £1050, take home is about £5k a month. Also have other high cost outgoings like child benefit (same amount) and nursery. Feel very lucky as were are not struggling to cover any outgoings or food and are able to go to the pub a couple times a month, keep kids in activities and update clothes and shoes when needed.

Our CMP is around £1300 but we can overpay on a portion of it so we tend to pay about £2000 to try and clear it quicker.

Income 5100, current mortgage 650. Moving soon and mortgage will be 1500 so about 30% of joint income. No other debts though.

We pay £550 per month and have a take home income of around £9k a month combined. We bought our house in 2019 for £140k but we live in a relatively cheap area of the country. It’s all relative and depends on your life goals. We could be mortgage free by our early thirties if we wanted to be, without changing our lifestyle at all. Obviously the main thing is to consider how you see the next few years panning out; will you expand your family/do you want to travel, take nice holidays/buy a new car/pay for a wedding etc?

15% of take home, which is easy enough. Overpay a bit sometimes.

24% of our take home pay with exactly 14yrs left. Next year we will start overpaying by £700 per month to bring the term down.

I don’t know about you OP but I’ve learned that our household income is considerably less than the majority of people posting.

Ours is about 25% of our households take home pay.

Joint take home £3.3k, mortgage is £776.00.
We’re ok. Not struggling but not saving as much as we should.

Works out at £3,408.

Ah, the beauty of the Irish property market.

22.8% of our combined take home pay - I wouldn’t want to go any higher than that, we moved to a larger house and council tax and utilities doubled over night, and that was before the energy hikes now. It’s not just the mortgage, the more you go up the more expensive everything related to the house is as well

Ours is 10.5% of our combined take home pay. We currently pay £420 a month, but this will go up when our new fixed rate comes into play at the end of the year due to interest rates.

I live in the North West. It was a 2 bed semi detached bought for £83k 8 years ago. We released equity two years ago to extend and make it a 4 bed, which was around £50k. We have £110k remaining on the mortgage now at £420 a month.

It is manageable and we're comfortable paying it, but still concerned about costs rising everywhere in addition to nursery fees.

Ours is £360 per month and around 5-10% of our take home pay.

£1250 a month which is 21% of our take home pay. We over pay by £900 each month.

25% of net take-home pay (after tax but before pension contributions).