Wondering how much people pay per month for their mortgage...

[Northernlassie1974]

We currently have our house on the market, looking to move to a new build property nearby. New mortgage has been quoted as being £805 per month. That's more than we are currently paying but actually less than I thought. It's a bigger property and to move up a size the prices go up considerably around here. We aren't well off, don't have a fat pot of savings or equity in the house so, as I see it, that cost is about what we expected. We know of lots of people with mortgages more than that.

A friend asked the other day what it is likely to cost per month and commented it was a lot of money. So, out of interest, I'm wondering what people are generally paying for their mortgages???

Duh, 12 months, soz.

3 bed terrace - £272 a month.

£725 per month for a 4 bed 4 recep 3 baths in Northants.

Equivalent of £1,910 for a two-bedroom apartment in Dublin city centre (right near Trinity). Works out at about 18% of our take-home pay. 14 years left but we tend to overpay in lump sums when we reach the end of fixed terms so hope to have it gone in 10 years.

The apartment next door is rented out for £3,200/month. Yikes.

£150 per month, large 4 bed in North Essex.

Not that much. Less than £2m a year gross

Good god. How DO you cope?

£250. Was lucky enough to be able to buy when the market was on its knees. 15 years left but my current fixed rate ends next month, so looking to reduce the term on another fixed if possible.

Equivalent to £2,375 a month for a decent sized but slightly impractical house in the most expensive part of France apart from Paris. Bought when prices were at their lowest with only 10% deposit. It's big chunk of our take home pay, which has gone down a lot since we bought. At the time it seemed like a great deal as we were paying less that we had been in rent but the cost of running it is massive! We waiver between loving the house and feeling like it's a millstone... we're over a third of the way into the mortgage so have started to feel like we're making a dent! Just hoping Brexit isn't so expensive that we have to leave

We pay £800 for a 4 bed semi, London fringe.

We were paying nearly double in rent a few years ago.

I think you I’ve to do what you have to do.

And you have to be happy where you live.

As your circumstances change and your rate lowers, it will feel less and less.

£1800 a month on a 2 bed/2 bath flat, no garden, London Zone 1. We bought in 2012 with a 40% deposit (from savings), and we overpay every month.

Our mortgage is £1000 a month for a 2 bedroom flat in zone 2 London. We had a 40% deposit that we put down

One of my DC and her partner are paying about a grand a month for a two bed house in London’s western suburb after paying £1400 a month rental on a one bed flat in Zone Two.

They are trying to buy a family forever home and will be paying £1000 to £1500 on top of the grand for that.

The current wisdom is not to move every seven years and pay the stamp duty every time but to cut out the intermediate houses and go from the first to the last in one go. They are looking at paying £64,000 in stamp duty. Ouch! They are 28.

A shit load.

£2090 on a £750k house we've just moved to. It's about 30% of our basic incomes, however DH earns approx 50% bonus and we are saving a big chunk of that to pay down the mortgage.

It was about £1200 before we moved so a big jump, but the only way we could upsize in our area of London and we didn't want to move. I'd say it's not an uncommon figure for people our age (late 30s) in London.

£2100k London, 4 bed terrace in a semi-gentrified area. It’s about 30% of our take home. Hoping to be able to pay a large chunk off in the not too distant future using an inheritance though.

About £2k on a 4 bed house Home counties - still got 23 years to run on it - we'll probably sell before we've paid it off.

£710 a month for a 2-bed terraced house in the south east

£1450 on 3 bed semi, NE London. 20 years to go... but trying to overpay when we can.

£1200. 3 bed semi in Zone 3 London.

£850 on 15 year Mortgage with 10% deposit.
Basement garden flat in SE London. One bedroom with a large enough cupboard to count as a second. About 30% of joint pay after tax.

1680 for a 3 bed semi in zone 4.

Live in South Manchester. House around £260,000. Mortgage over 15 years £496 at 2.19%. 3 bed semi. 1960's house.

@sjward @bignosebum

Your houses sound similar but the cost difference is huge. South Manchester is generally the nicer part of Manchester but still a lot cheaper than London.

@Ivy44

I'm in KT4 Surrey, had 25% deposit and thankfully no plans to move ever 😂
Over 30yrs but with unlimited overpayment

Just over £1K per month.
It's a struggle but I make it work.