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!

Similar to you OP but including a small overpayment.

I seriously wouldn't be able to sleep at night with a mortgage of £500k !! Guess people must be on good incomes and have good mortgage protection insurance !

Guess people must be on good incomes and have good mortgage protection insurance !

Yes, we can afford the payments and have good insurance.

That's good Chien - I think I'd just be too worried about job loss/ illness. In my line of work I see so many people with massive mortgages in their fifties and then the main breadwinner gets seriously ill and they are in a mess. I guess that's why good insurance is necessary, I see a lot of people who have none !

Our income is about £3000 a month
House is worth £380k
We owe about £190k
We pay £800 a month for our mortgage

$0 here. We sold a property in the Uk and bought a bigger place without a mortgage in Melbourne. It’s so nice to be mortgage free.

Was this a long time ago? From what I've seen, you'd need at least UK £750,000 to buy a decent house in Melbourne or Sydney

I'm amazed that people disclose earnings and mortgage values on threads like these, after all the daily mail pilfering from threads.

It's all meaningless when no-one knows who anyone is. And even if we did, the amount we all paid for our houses is published on the internet anyway.

If you know someone's real name, you can look on yell.com or similar to find out where they lived and their date of birth. If you know where they live, you can look on zoopla.com to find out when they bought their house and how much they paid, unless they have lived there a very long time (30 years+ approx).

But you could look at the prices paid for similar houses in the same area if you wanted to write a DM piece, talking about John and Jane Smith and their £400 000 semi detached.

It's a lot easier than you would think to find people.

I don't really give a shit if anyone knows how much my mortgage is.

I’m another one that couldn’t care less if anyone knows how much my mortgage and income is. Not everyone is bothered about people knowing.

Just about to go from £562 a month to £327. This is repayment. Plan to overpay to reduce the capital most months as original mount was manageable (about 25% of income but it varies greatly because of the nature of my work) We’re in East Anglia in a three bed Victorian semi.

Based in Yorkshire, £570 mortgage, about 12% of our after tax earnings. We also save away around £900/month to clear our help to buy equity loan in the next 3-4 years.

£800 per month around 25 percent. House worth around £320k we have about 55per cent equuty.

We moved last year. Previously it was £600 for mortgage.

However, this is the big difference. Our old house only broke even after 10 years. Some of this was due to housing crash but the area did not make money.

The new house will hopefully make more.

I do miss my old house. It was cheaper mortgage and we only needed one car as on a bus route. It was much cheaper for gas and electricity too as we went from a 3 bed box to 5 bedrooms and four bathrooms (well 2 of those are just loos). There are 15 bloody radiators!

Hope it makes more in the long term. We know we can downsize though as we wont pay it off until we are both early 60s arghhhh! With the money we spent upgrading/moving we'd only have 50k left on old place which we could have paid off by 50

920 quid a month.

Meant 'to say that's just over a third of monthly income which includes maintenance figure from exh. When the dc are old enough to leave home I am going to have to a) hope the housing market hasn't crashed, b) sell up and downsize but in the north. Not necessarily an awful thing as have some family there but not ideal. South east house prices are just too much for me for it to be sustainable.

25% joint income.
Then childcare is same again 😮😭

Just remortgaged. Paying £1400/month plus 1-200 extra, hoping to reduce the 11 years left to about 8 so that it's almost all gone by the time the kids are in 6th form and uni. Mortgage is about 20% of the house's value as the value has trebled since we bought it 12 years ago. No way could we afford it now as our combined salary is only 50% more than it was then.

DH has just had his bonus letter so we will be making a huge hole in the remaining £11k come April.

#Happy Dance

#Happy Dance

Based in Zone 5 SW

Mortgage £320k
Repayments £650
Value 750-800K