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!

£550

25 years still to go!

£460 and 8 years left to pay. House worth about £220k.

Currently £390 (plus £260 in rent as it's shared ownership). However we are moving (hopefully!) in a couple of months to a place that will be all ours. Mortgage will be fixed for the first 5 years at £850 a month (but that's on a 30 year mortgage as we couldn't quite manage the repayments on a 25 year mortgage).

£530 a month. About 25% of salary. Can't get another mortgage even though bigger house would cost less!!

3200pm, includes a tiny overpayment. at least 40% of our take home pay.

£1200 pcm but actually £900 ish (we overpay). I'm intending to increase the overpayments quite a lot as can no longer save tax efficiently into my pension so the house will have to be my pension. Hope to pay it off in the next 5 years, yes there are better investments but I can't wait for the freedom of not having to pay it anymore.

It's about 15% of our joint take home pay.

£508

It’s 0.00. I live on a Narrowboat.

480. Got 11 years left!

Have paid my mortgage down to under £3,000 so £30 a month for the next 16 years would be the minimum. Am currently paying £250 pm to get it down to £1,000 and then will start paying £30 pm.

I've heard that you shouldn't pay off your mortgage in full and keep something going in case of unforeseen circumstances so that's what I'm going to do.

Pressed too soon. £508 - house bought for £160,000 and we owe about £130k. Currently worth £185k.

£475 Midlands

£1,700. House wirth 600K, we have 250K equity

£2500 house is £850000 a big chunk 8years to go it’s been emotional we do enjoy takeaways and red wine

About £7-800 a month.

£127k taken out in 2006, 19 years left to go.

£1050, for tiny house in greater London. We bought it when I had a very well paid job, with vague ideas but no high hopes of having children.

10 years on 2 children, changed my priorities and we just about manage that payment every month. We could sell up and live cheaper but we have roots here now.

£1800 is £600 more than DH get's paid (NHS Ambulance Driver). Not much less than I get paid either. Our mortgage is 0 though. Paid off 2 years ago.

We pay £900 but overpay as it is only £800 pcm. This is about 12% of our Gross monthly combined salaries and income from 5 x B2L homes. We are now down to last £70k to pay off mortgage. Obviously more still to pay on B2L. We know we are lucky and are very thankful of our situation.

Ours we paid off over 12 years by making overpayments but what i did was set the whole thing up to be cleared in 12 years. I knew that given thr option we wouldnt actually overpay and reckoned that if we hit hard times we would rearrange the mortgage.

£398 a month

Quite Barbara.

It's an interesting thread because usually posters say don't pay off the mortgage!But lots of happy mortgage free people here.

£740. It includes the unsecured loan we got as it was a 125% mortgage. When the youngest goes to school we will overpay, as the nursery and breakfast/ afterschool club is a killer at over £1000 a month.

13y left on it from a 25y mortgage.

Mortgage free at 34. However, it was due to losing dh's dad. We'd much rather have him still around.

We are thinking we will sell the house and buy a bigger house in a few years and get another mortgage as the best way of investing for our children. We don't want to be landlords.