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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to ask how much you owe on your mortgage?

177 replies

Rituals9 · 19/04/2019 21:14

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 Confused 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.

OP posts:
Jimdandy · 02/05/2020 19:21

Bought in 2008 for £92k.

Overpaid as much as I/we can. £30,500 left. House worth £135,000 now (assuming the whole Covid-19 impact etc hasn’t happened).

We’re saving/overpaying loads to move.

MrDarcysMa · 02/05/2020 19:24

We've just borrowed 268k on a 70k salary. It's well within our affordability and we will probably start overpaying it next year but we're saving for a new kitchen currently.
If it's within your affordability, why are you bothered?

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