To ask how much you spend on the mortgage every month

[carol1234568]

I'm considering buying a house.

The monthly repayments would be £1100ish, is that a lot compared to the average?

This isn't a question I can ask people in real life. Our monthly income is about £3600 after tax plus overtime.

I'm worried we are stretching ourselves. We haven't reached our full earning potential yet and I'm happy to earn more money in the future.

I overpay on top of the £350 a month though. So I pay £550 per month in reality. I like having the freedom not to overpay if I ever got stuck.

Just bought and will be £1009 a month. Take home pay about £3500. 2 DDs. Small place too. We only had a 5% deposit though - which took us 7 years to save up.

We are going from 600 to about 1200 a month in quite a pricey area but we will have potentially our forever home. Income is about £3500k plus £1000 of my money and some benefits if we need them.

1400 here, bills on top. Income of 85k a year between us. We manage fine and we LOVE having our own flat. Defo do it!!!

£300 a month. Take home of around 3k/month between us.

We live in a very cheap area for housing though.

£550 a month and an annual combined income of 20K

3 bedroom semi detached, huge front and back garden with garage and inspection pit is £166 a month for us. CT is 153 a month and bills we change regular with deals etc.

We are Glasgow.

Ours is 40per cent roughly. (Self employed so income varies a bit.) It’s tight and there’s not a lot spare but I’m now a sahm whereas I wasn’t when we got the mortgage. It was then about 20 per cent.

Just shy of 50% of my taxed income per month. I overpay and don't go on holidays. It's not easy but have the added pressure of paying as much as i can into it because I'm on my own.

Ours is just under £1050pm, take home is around £3500 between us and we have an 18m old DS so what you’ve said is do-able in my opinion. We still have enough to save/go out, but not too excess, we’re generlaly quite frugal and don’t really go on holiday. Do a projected budget and see what you think. You should be fine though!

1200 a month (15% of our taxed income)

it’ll be paid off in the next 7 years, earlier if we overpay, but its a flat so we’ll probably take a larger mortgage and try and get a house once London bottoms out a bit more

Hit send too soon - when I got it my income was 3000 after tax and it was very doable I was saving about 500 per month

We pay £1150 and have a monthly income of £5000 after tax per month. We live in London and were paying £1750 in rent per month before we bought so it feels really easy to pay.

About £950pcm and I earn about £3k pcm.

I'm overpaying by £200 pcm at the moment and saving too.

Utilities are 3 x what they were in small well insulated flat.

It’s defo doable, I don’t know anyone with a mortgage or rent under 1k. It might be tight depending on when/if/how many kids you have as childcare is so expensive. We have gp’s to help luckily but it’s still 1k for 2 kids.

22% of our after tax income. But nursery fees are more!

£950 fixed for next five years. Joint income £4000. No other debts. Two teenagers.

It is a lot but not if you have the income to sustain it. We pay £473, 50% LTV but our joint income is around £2300 so a lot less. Two young DC

£653 a month

We're in the process of buying a house. Mortgage will be around £650 a month but we will also have to save £300 a month to pay off our Help To Buy before the 6th year when interest starts getting whacked on it, so might as well be £950 a month.

I earn £12k and DP £29k. I am a little worried with council tax (£180pcm) plus bills and childcare costs (£500pcm).

We have a tracker mortgage at 0.25 above base rate so very low rate. We have to pay £840 but we overpay and pay £1k. We only have another £70k left to pay now as we have overpaid for 7 years now. Household income of £97k gross. We could pay more but choose to help our dd out with childcare cost and dn with Uni costs. We like our holidays and like to be generous with our AC and dgs. We also expect mortgage rate to go up twice more this year and again next year. Be very careful you do not get caught out with rate increases later in the year. Get a fixed or tracker.

Mortgage is £850 but I overpay, so £1300 a month but this will reduce the term by approx 8 years so well worth it while interest rates are I low. Live on my own and net income £4500.

My friendives in London she has 2 children and she just told me that her and her partner have a combined income of 3800 a month and their mortgage is 1000. They are managing

When you do the maths, factor in how you could afford it If interest rates went up by up to 5%. If you couldn't manage I'd think again. Rates will likely go up again at some point so having thought about it will stand you prepared.

We are just buying our new house and going from £960pm to £1200pm but it’s a much bigger house so it feels worth it for not much extra. Income is about £4,500 a month.