To ask your income and mortgage payments??

[Desperatetobeamummyonedaysoon]

I ask because im remortgaging! I think they say 20% of your income should go on mortgage max. I know ourgoings are a factor! My income is 32k. I have no other debts but may take out a car finance soon for say 250 a month. If u were me how much mortgage would u repay monthly? The bank are lending me 180k which is great but i need to decide what term to pay it off. ie in how many years... im 37. Would u pay around 600 a month on my salary or more or less?

£530 on a joint income of 4k. No childcare costs either so we're pretty lucky.

In my old house I took what felt like a huge mortgage, I stuck to 25 years when I could afford to pay it off faster but did overpayments to pay it off so I only paid off when I had a savings cushion and could afford it (not the year of the new boiler, nor the year the front of the house needed re-rendering due to leaks from the facade, 20% when I had extra money, paid in March and April so actually the same year but two mortgage years). Most mortgages allow up to 10% overpayment per year, which is more than enough if it feels tight already. Check your mortgage terms carefully as some don't allow overpayments, or may restrict the frequency etc. Check moneysupermarket.com or another site to make sure you're getting the best rate with the restrictions. Also if you feel the money will be tight then consider a more expensive fixed rate mortgage for e.g. 5 years; it's more initially but you know for certain what your outgoings are even if interest rates go up, so you won't need to panic. I paid extra interest from not needing the fixed rate, but I never regretted it because of the peace of mind I had knowing the maximum I had to pay.

Similar income to you (single parent) mortgage is £430 per month.

Combined income of 3.5k a month after tax.
Our mortgage is officially £405 a month but we pay £800

We don't have a car or any other debts, or children.
We do go on holiday a lot.

Gosh ours is currently almost 50% of income. No wonder we struggle so much each month!!

Mortgage is 8% of our after tax income.

We pay 19% of our take home pay on mortgage so perhaps it's about right! We have car finance and credit card debt so couldn't really afford to pay more especially now I'm on maternity leave and we're both going part time...

Mortgage of £465, single income of £3k per month. I had a mortgage that allowed any over-payment, so in the last year I was throwing £1200 at it per month and paid it all off last year.

Monthly 5.5k

We pay 2k to hugely overpay as we recognise we’ll burn out job wise well before retirement.

So about 35%

Our mortgage is 28% of our after tax income.

Take home 11k, mortgage 2.5k and 1k childcare. We overpay pretty regularly. Officially 22years left but hoping to do it in 12.

We bought late, this is out first house.

Joint income £140k. Mortgage payment around £1600, about 20% of our monthly net cash.

joint income 30k and mortgage repayment £500 per month

meant to add that the 30k is annually

Our joint income is around £34k and our mortgage is £512 per month.

Wow some people earn alot of money.!!

Joint take home, is about £5,400.

The real mortgage is gone and this mortgage is a small one to do the kitchen and bathroom it runs for another four years and is £400, we pay about £1,100 in the next month we are going to experiment with pushing that up to £1,600. { eeep} and try and have it gone by this time next year.

Cars are both paid for, pensions are sorted, holiday flights and accommodation paid for, when August rolls around I will stop the over payment for one month and hey presto spending money. Ditto Christmas.

DH retires in about three years time, so what we have been overpaying we will stick in a travelling fund. We were both too old for gap years , so this is it. We are both loving Michael Portillos train journey through Europe so that is an idea.

We could probably clear it faster if I got a full time job. But that 'aint happening.

I’m about to buy too, for the sort of flats I’m looking at I will be paying around £1,500 per month on my mortgage (if I don’t overpay), i take home £6.4 per month after deductions, so I will be paying out around 25% in mortgage payments. My rent is currently £1,825 per month, so it will be nice to be paying less per month.

Joint income of £52k and we pay £241, though to be fair we bought it on one wage of £25k so needed to be sensible.

Joint take home is £5400, paying £250 a month on IO, life time fixed at 0.5% above base rate, with lump sums maturing to pay off the balance in about 15 years. If we want to we can change that and pay it off early and still benefit from the lump sums, but have other outgoings to consider at the moment, so it suits us for now.

Ours is about 25%. We manage fine and have no other debts. House prices round our way are stupid!!

Our take home is £4000 and mortgage is £650, not overpaying currently as we are saving for our wedding. We both have cars on finance as we need reliable ones (and 0% interest). At 21 I'm very comfortable money wise. In September I take a pay cut (new job) but my DH has a pay increase so we stay the same really..

Combined income circa £5k per month after deductions. Mortgage around £1100 per month.

Our joint income is around £3400 a month after deductions, our mortgage is about £720, we don't have any child care costs though.