What is your mortgage payment?

[HaggisMcNeepyFace]

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!

€762.99 about 15% of our net pay. We don't overpay as we've have lots of other bills plus it's a tracker mortgage so it's the cheapest finance you can get, 14.5 years left

2k. It was 1k on our London flat as we owed less than 200k but we've just bought a big house in Kent and now we owe around 500k. Had to be done if we want more kids though! We've got about 200k in equity so I guess we could be mortgage free if we moved somewhere a lot cheaper.

About £1300 I think

Mortgage free at 44 due to unexpected inheritance. We overpaid for years though and were down to the last several thousand owing.

£1400pm which is about 30% of our combined salary. We're only two years into our 25 year mortgage. We're in south London.

£2.5k/ month. We bought 4 years ago and it’s worth about £900k now - West London. We’ll be able to remortgage later in the year and should be able to bring this down to £2k, then planning to overpay....

£1,180 a month after we reduced our mortgage term down to 16 years. We have loads of equity in the house, enough to buy outright in not London places. It would probably rent for £1,800-2,000 a month, maybe more.

I know we're very lucky.

Our mortgage is £1380, which is about 27% of our take him wage. Total mortgage £230000 and house worth about £400000. Running costs high however: gas £170, council tax £168 etc

You are very lucky to be able to buy so cheaply.

But you could also move to a cheaper area? I suspect though that the lower wages and less choice of job is what stops you (and the people who live there have to live with!). Sorry we get this from in laws and they can't get that wages are lower for everyone. To find an area cheap you need to earn more than the others who live there.

Ours is tiny (could pay if off bit it's a 0.5% tracker so no point) but we are intending to move so that is a temporary phenomenon..... And we are saving lots

We wouldn't have a mortgage at all if I hadn't married my ex. We had to borrow to raise the bulk of my divorce settlement.

We only needed to borrow £40k but it was hard to get a mortgage that small and we actually had lower repayments by borrowing £60k as that got us a better deal. Because it was over a 12-year term (the longest we could get, because of my age), we've already paid off £20k and are paying off the rest next month.

Until then, our repayments are £505, about 15% of our joint net pay, and the house is worth £380-400k. I bought it 25 years ago, so it has gone up a lot.

£700. About 25% of income but we have YEARS to go. Hope might be able to overpay once childcare costs reduce.

This is fascinating (but I'm an accountant)! We pay £930ish as we added a loft conversion to ours (£35k) and now it's just under £200k on a £400k house. £100k came from my London flat sale.
It's about 20% of net income after childcare vouchers. Just about to remortgage to a five year fix from a tracker as expecting second baby and it's a lower rate than our tracker is currently and no fee.
We overpay roundings, but I massively overpay my pension (I've been expecting 40% tax relief to be abolished for a few years but the tories aren't keen, evidently) and also save into a stocks and shares isa which I might use to pay off the balance once the two converge

We have about 11 years and £80k left (bought for £130k, now worth about £180k), and pay £800 which includes about £100 overpayment. That’s approx 18% of our combined, post-tax, monthly income. Our house is tiny and we’d like to move but the idea of having a bigger debt and bigger repayment scares me. If we keep overlaying we can get rid of this mortgage within about 7 years I think. It’s tempting to just stay here forever, but I’m not sure the house will cope when the DC are teenagers!

£1800 per month, including overpaying £200. Mortgage 380k. About 30% of our joint income

About €1k a month, 20% of our combined net income. House worth €400k, we're only 3 years into a 30-year mortgage

We have an offset mortgage. It was fully offset last year following an inheritance, but we’ve dipped back into it to fund some specific purchases, so about £5k outstanding now. House is worth about £720k.

£609 but we are the big baddies in that we have a flat in town and the rent on that pays both mortgages.

Zeroooooooooo - the best thing I EVER did was pay £1k to an independent financial advisor who found me a low rate mortgage and made a plan for overpayment that meant I paid off 7 years and tens of thousands of pounds early...

I had in the past paid everything from 0.2% (late 2000s) up to 76% of my salary (the 1990s were not nice! and yes I lived on noodles and beans!)

We are paying £1k a month, it will be gone next February.

We have £30 k ready to draw down for a kitchen and bathroom this year. Repayments £400

We will be running two mortgages for about six months, but once small one is gone we can repay home improvement one at £1.5k a month so that will hang around for about two years. Then we will save that monthly until DH retires, when he is ready to retire he will probably work one year on double bubble, final salary pension and normal salary.

The house is worth £650k

Our combined take home is just over £5k, it would be more if I worked full time.

£2400 pm which is 16% of income. God knows when it will be paid off but it is a fun house to live in!

Currently £500 pm plus an extra £300 pm for association fees and parking space rental (1 bed flat). We're in process of purchasing a 4 bed house, at which point it will jump to £1,400 pm for £290K mortgage on a 29 year term, which is 28% of our total monthly income. We're very lucky to have a lot of equity in the flat due to husband buying his first house 16 years ago & benefiting from buying/selling at the right times, so we'll keep back some of that for furnishing/decorating/new bathroom/stamp duty. The jump in mortgage does scare the beejeesus out of me though.

I pay £830 a month and have 8 years left to pay. It's about 1/3 of household income so it's not too tight.

£360 per month here. Will be paid by time im mid 40's. In NI so houses alot cheaper here

A lot but we live in our dream home (nothing grand, 3 bed semi, but we love it) and in an expensive area. About 20 yrs left but we overpay so hopefully it won't take that long.