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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To ask you how much your mortgage repayments are each month.

181 replies

UterusUterusGhali · 08/09/2011 20:48

I probably am. Terribly vulgar etc etc, but I've been looking into it and I'd be paying £140000 ish per month. (We rent atm. Would need a 3 bed)

This sounds a lot. Is it?

OP posts:
LineRunner · 08/09/2011 20:51

Yes, £140k a month is a little on the large side.

monkeyfacegrace · 08/09/2011 20:51

Ummm....need more info than that!

So many variables that this question is completely pointless.

HTH Grin

monkeyfacegrace · 08/09/2011 20:51

^^
lol!

Iggly · 08/09/2011 20:52

YABU

groak · 08/09/2011 20:52

£520.00.

cherrysodalover · 08/09/2011 20:52

1200.....on rent

mortgage on a flat is 550 which we rent out and break even.

i think unless you bought 10 years ago few pay less than a grand a month.
1400 sounds about normal to me.

mistressploppy · 08/09/2011 20:52

If we manage to move, £3100 p/m - but hopefully not for too long

Mandy2003 · 08/09/2011 20:52

£165 per month. No, that's not a typo - I first bought in 1982 and still have £46,000 outstanding.

Flatstomachenomore · 08/09/2011 20:53

We pay just over £1,500 per month and owe £200k, though we are just about to change lenders which will bring it down to just under £1,300.

usualsuspect · 08/09/2011 20:53

yabu and nosey

FredBare · 08/09/2011 20:54

£19 a month

sneakybeak · 08/09/2011 20:54

£1100 pcm rent.

MrsCog · 08/09/2011 20:55

£420 a month on around 89K

KittyFane · 08/09/2011 20:55

Mistress.. Really? Nice house then?!

levantine · 08/09/2011 20:55

Really usualsuspect? I think it would be nosey in RL, but quite sensible to ask on an anonymous forum. I want to know the answer to as we are about to take on a biggish mortgage.

Beamur · 08/09/2011 20:56

You're really paying £140K a month?? What are you buying, a palace?

Original poster
UterusUterusGhali · 08/09/2011 20:56

Ha, £1400, obvs.Blush

£280000 house. (Ex council house in dire need of modernisation.)
Income £2500ish.

OP posts:
mistressploppy · 08/09/2011 20:58

Kitty - nah, shithole

MultipleSoManyPapercuts · 08/09/2011 20:58

£420 a month, but only cos were on a tracker, it was £1400 when we started out.

Beamur · 08/09/2011 20:58

Thats a big chunk of your income, our mortgage is tiny really - about 5% of our income but somehow we are still skint...

Original poster
UterusUterusGhali · 08/09/2011 20:59

I know it's nosy & rude. That's why I put it here. But anonymous.

Mandy, wow! Could you overpay? Would it be worth your while? What happens when you retire? Will they make you pay it off before then?

OP posts:
thestringcheeseincident · 08/09/2011 20:59

£2400. It hurts!

KittyFane · 08/09/2011 21:00

OP- add on council tax, ALL utilities and monthly payments... How much is left? Even with our smallish mortgage £540 we pay out about £1500 each month just to 'live'

ByTheSea · 08/09/2011 21:00

£1204/month

nethunsreject · 08/09/2011 21:01

£700

Just under one third of our net income, which is the max recommended to be 'managable'.