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?

@soupmaker

It looks good on paper, but in reality the childcare for two is around £2200, so there is nothing really left out of that posh salary. Benefits + min wage for 20 hours would leave me better off.

Oooooft. That childcare bill is eye watering Silvercukoo. I though the £1200 we paid for one at school and one at nursery was bad. Sad that we must loose lots of talented, capable, experienced women from the workplace because it's just not worth it. Hope it gets better for you soon

@silvercuckoo how old are your children? I remember the time when childcare felt like an eye watering expense (it was more than our hefty mortgage) but now the children are both at school and my salary has continued to climb I am so glad I stuck at it.

26.6% here. With a £1k childcare payment on top we aren't able to save much but it's perfectly manageable.