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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

What is your mortgage payment?

345 replies

HaggisMcNeepyFace · 12/01/2018 20:11

On the back of the thread about wages, where a couple of posters have said that what constitutes a good salary depends partly on how much your mortgage is, just wondering what mortgage people pay per month?

DP and I pay 1800 a month which I think must be quite a lot... it takes a big chunk of our salaries!

OP posts:
DianaPrincessOfThemyscira · 12/01/2018 20:12

Mine is less than £300.

But my house is valued at less than £100k, it’s not that I’ve paid off a huge chunk.

£1800 a month is only £400 less than my monthly salary.

MongerTruffle · 12/01/2018 20:13

£600 per month, about 20% of our combined salaries
We also put away about £200 a month to pay off our Help to Buy equity loan later. We live in the East of England (location is always relevant).

Deadlylampshade · 12/01/2018 20:14

We pay £800 a month but the actual mortgage is £325 we overpay.

Chienrouge · 12/01/2018 20:14

£1050 a month. About 20% of monthly income.

MsVestibule · 12/01/2018 20:15

About £350pm, interest only. But TBH, this is pretty meaningless without knowing what our household income is.

BuzzKillington · 12/01/2018 20:16

£320 Blush

I don't know why we don't overpay.

steff13 · 12/01/2018 20:17

$878. My house is valued at $147K.

AgathaMystery · 12/01/2018 20:17

£680. Almost paid off.

Nquartz · 12/01/2018 20:18

£608 a month, overpay by £505. House worth c. £185k & £90k left on the mortgage.
Our total income is c. £2,900

SleeplessInSc0tlNd · 12/01/2018 20:18

£300 a month and we overpay by another £100. Less than 10% of our monthly income but we are not in a big city: house prices are relatively more affordable

user7654321 · 12/01/2018 20:19

£1700 a month for us, which is about 25-30% of our combined take home pay

Butternutsqoosh · 12/01/2018 20:19

I only have a BTL mortgage on interest only £550 per month but my rent is £1700 for where I live, but apparently I don't earn enough for my own residential mortgage 🙄

TrinitySquirrel · 12/01/2018 20:20

£580 pm on a £110k mortgage. Stuck with Nram and can't remortgage for a few years due to shit credit.

c3pu · 12/01/2018 20:20

A little bit under 25% of my net monthly take home.

honeylulu · 12/01/2018 20:20

None. Paid it off a few years ago. I do appreciate how lucky we are

SarahBeeney · 12/01/2018 20:21

£760 a month repayment.
I owe 155k and the house is worth approx 600k.
Although there is a lot of equity I feel like I've been paying the mortgage for every and have a very long time left on it. I went interest only for a few years and it really set me back.

Mary1935 · 12/01/2018 20:21

Deadly lampshade - are you on interest only? As we had a mortgage got £185.000 and its £800 repayment. I would like to over pay but they I can't afford it - my friend overlays by £100 each month and its made q big difference.

fieldfox · 12/01/2018 20:21

£650 a month. House worth £120k ish

Mumoftwoyoungkids · 12/01/2018 20:21

Nothing any more. We paid it off back in 2014. Grin

For anyone who is overpaying but feeling like they will never make a dent in it - we felt like that and then all of a sudden we realised that the amount we owed was not that much. Pretty much overnight we went from the mortgage owning us to us knowing “we’ve got this”.

Very very nice when we got it paid off.

Helped along the way by some good / bad luck - dh was made redundant illegally and we found a kick-arse solicitor who scared them into giving us money. That covered about 12% of the original amount or 25% of what was left (had already paid off about half).

Nobody knows except my parents and Mumsnet.

Batmanwearspants · 12/01/2018 20:21

1400 a month, about 40% of our combined income.

xXKXx · 12/01/2018 20:22

£500 per month

GrapesAreMyJam · 12/01/2018 20:22

This reply has been deleted

This has been withdrawn by MNHQ at the poster's request.

littlepeas · 12/01/2018 20:23

£1449. 18% of monthly income.

RavenLG · 12/01/2018 20:23

£607 about 20% of our monthly average earnings (DP will often make more if he works away). We have just gotten the mortgage though so will probably start overpaying by £200ish monthly

BeautifulLiar · 12/01/2018 20:26

£447

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