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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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:
tralalala · 08/09/2011 22:03

sorry .. with 4 kids and only one of us working not too bad!

MonkeyChicken · 08/09/2011 22:08

£835 per month £105k left.

dementedma · 08/09/2011 22:08

£440 a month on a two bed flat that we'll be paying until we are OAPS.

BobblyGussets · 08/09/2011 22:14

aBOUT £1300 a month. We recently upscaled as were had £850 per month mortgage but needed a bigger house and I felt like we were frittering. Our belts are a little tightened now, but I love my new house.

Morloth · 08/09/2011 22:17

$4,000

PicaK · 08/09/2011 22:21

491 quid per month (repayment)
with 110k left to go - originally 130k.

Woolwich tracker mortgage - 0.39% above the base rate. We are so lucky and I am so grateful cos (while int rates are low) it let's me be a SAHM.

LadyGrace · 08/09/2011 22:33

This reply has been deleted

Message withdrawn at poster's request.

BarbieLovesKen · 08/09/2011 23:03

€1200 (Ireland) per month - we're on about double of your income and find it hard (3 kids) but then it's soooo much more expense to live over here than it is in the UK so I don't know.

I love our house though and it's completely worth it to me - suppose our money is being spent on something worthwhile instead of it disappearing on nothing (which it does) - we've something to show for it.

Our house is on an acre of a half of land so ridiculously large garden, good size - 4 bedrooms etc. We built by direct labour though - which is one of the most stressful things you can do but it worked out better financially - same house would have cost €350,000 to build by contractors at the time plus site cost 70,000 = €420,000 instead, our mortgage is €250,000

avoider · 08/09/2011 23:56

£900 a month - was £1300 before interest rates went down. For horrid 2 bed house in south east - with damp, 60's bathroom and 70's kitchen.

wineandroses · 09/09/2011 00:02

£2,000 per month. Really dread an increase in interest rates.

niceguy2 · 09/09/2011 00:05

Pointless question really. So much depends on the family total income, how much they borrow and how long they have remaining.

You may as well as how long is a piece of string?

ll31 · 09/09/2011 00:07

700 pm = half salary at minute - prob more following crap budget =- in Ireland...

ll31 · 09/09/2011 00:07

really like my v small house tho!

cat64 · 09/09/2011 00:12

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SpeedyGonzalez · 09/09/2011 00:17

Amazing. We pay so much more than most of you in rent but can't get a mortgage. Sad

cat64 · 09/09/2011 00:36

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SpeedyGonzalez · 09/09/2011 01:33

When we did have a mortgage - just for 5 years, it was still loads cheaper than our rent.

Cutelittlecatlover · 09/09/2011 02:35

We're in the same position as you Speedy, rent is so expensive its impossible to save a deposit. It pisses me off to think about how we work our arses off to pay someone elses mortgage for them

Iteotwawki · 09/09/2011 03:37

Currently, $330 a month but that's because where we are going to live is a bare patch of rocky hillside.

When we have got someone to build a house on it, it'll be $3800 per month plus the $300 - so $4100 ish. Around £2050 in UK terms.

We're currently paying $2000 a month rent though, so the mortgage is half found already. Monthly income approx $12,000 so it'll be a third of net income - manageable. Going to be a fab house though :)

borderslass · 09/09/2011 03:52

£154 a month, got under £17,000 left on mortgage.

mycatoscar · 09/09/2011 05:30

we pay £900 a month just on mortgage payment, mortgage is £155K, house worth circa £250K

rents round here for a similar sized house (3 bed 30's semi) are around £1200pcm - so totally worth it.

EttiKetti · 09/09/2011 06:36

£450/mth £70k left over about 15 years. Brought a lot of equity to this house as I now work very part time due to childcare issues. It's about 15-20% monthly income but its another £1k a month roughly for bills etc.

JeanBodel · 09/09/2011 07:18

£350 a month. We reverted to tracker just when interest rates fell - think we pay Bank of England rate + 0.25%. We're happy.

However, we lost out big time when house prices fell. Unlike all our mates who made a fortune by buying and selling at the right time. It all evens out in the end.

DigOfTheStump · 09/09/2011 07:51

£350 a month, roughly five years left to go, house worth between £100k and £150k, who knows these days, but we only have about £30k left on the mortgage.

I am so looking forward to the day when it is done, I cannot imagine having a BIGGER mortgage, so I guess I will never flit.

EmsieRo · 09/09/2011 07:53

This reply has been deleted

Message withdrawn at poster's request.