to ask how much you owe on your mortgage?

[Rituals9]

We only bought our first house and got our first mortgage earlier this year. A 25 year term, and we owe around £210k, and it makes me wince to look at the interest accruing every day we pay about £900 a month.

From discussions in day to day life, people act as if anything over £150k or so is a huge mortgage. Obviously people don't talk about their personal money situations so thought I would ask on here if £210k is a huge mortgage? Our joint annual income is around £57k.

South East 3 bed semi detached bought for 269k three years ago just changed mortgage deal but basically we owe 200 k over the next 17 years we came to house buying too late really ...it seems a lot of our peers paid a great deal less than us for their houses at the right time and place. Joint income of 75k to 85k we are older but with one teen. Thing is you can't take it with you so just to your best in the circs you have.

Martin Lewis has lots of helful advice re paying off mortgages. Have you ever considered an offset?

65k owed - our annual income varies between 75 and 100k. We were very cautious when buying and I wish we'd bought somewhere bigger/nicer. Can't be bothered to move now though

Nothing... at last... had a mortgage since I was 19, 53 now... .never borrowed more than the cost of each house move.

About £180k on a house worth £250k. It's a lot. It worries me. We're late 30s, one income household of around £60k pa.

Just under 500k 😫

300k. Bought a 450k house 2 years ago. Our mortgage term is 35 years fixed for 5. All going well we'll probably pay around half of the rest of it off after the fixed term is done. At the moment we're earning more interest on savings than we're paying on the mortgage so no reason to pay it off.

£250,000 on an annual income of almost 100k combined.

Mortgage of £270k which includes additional borrowing for house improvements

Annual combined salary of about £70-75k

South east just outside m25

2 bed house

Just under £70k on ours but the house was cheap for the part of the country we live in (under £200k). We started on a 35 year mortgage just under 10 years ago but we make over payments so we have managed to bring it down by quite a bit in that time. I think we are currently at either 22 or 25 years left but when we remortgage next year we will reduce it down to 15-20 years depending on the rates at the time.

Our income is low compared to many on here (under £45k p/a).
I think a mortgage of any size makes you a bit

We have just less than £135000 left to pay over 20 years. We bought the house for £205000 in 2014. Monthly payments have recently gone down to about £660 a month (I forget the actual figure). I wanted to reduce the term but we couldn't as my husband hasn't been self employed long enough or something.

Just paid it off,but will probably take out a small mortgage if we move house in a few years time, we've paid this one off in just under 6 years.

272k. We live in London, zone 4. Mortgage payments 1130. We have around 45% equity . Soon to move to a better school area so sadly will be taking a morthage or 510k

120k on a house worth 300k. We had a big deposit.

We have £147000 left. House value around 350k. Combined salary of 84k. 11 years left but will overpay.

£350k left on mortgage, but house worth around £850/900k so I don't worry about it. Our monthly payments are 25% of our take-home pay.

@EnglishRose13 just overpay instead. It had the same effect as reducing the term formally.

£16500 left to pay, combined income of approx £80,000

Zero
No mortgage

14 years and £70k to go but we intend to move this year and make that much much worse

325k wince

This is a silly ask. As it's down to affordability. Income vs mortgage vs house value. And how old you are and the life of your mortgage. It's all relative

It’s all relative though isn’t it? Our joint income when we bought was prob half the op’s and our mortgage was £72k over 20 years. We have variable, sometimes low income so needed a manageable repayment. And twenty year term because we were mid thirties when we first bought.

£32k left on a house that’s around £500k. I had a property I sold when I met dh, so that’s why it’s not masses. Fil wants to pay it off for us, but that’s another conversation ie; to do with IHT.

Not sure exact balance today but it was approx £160k last year when we moved in, 25 yrs, £680/month.
We had a big deposit though, £125k so good LTV.
Joint income of £83k but mortgage is only in my name so based on my salary alone even though DH pays half.

About 21k left on a house worth about 225k.

We are 17 years into a 25 term and bought before the boom. Our first house had significantly increased in value by the time we moved last year. Used savings to bridge the gap rather than increase our mortgage.

Very fortunate to have bought when we did and to live where we do well in terms of house prices at least