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???

1100 but over pay to 1800

These threads are so intriguing.

£419 Per Month capital repayments.

4 Bed House in Zone 5 SW London worth c.750K, maybe less since Covid struck.

£260 a month, less than 10% of my salary, 4 bed house and only three years to go!

£315 a month. Had a huge deposit and a shit hot broker

@thegoodthebad

These threads are so intriguing.

£419 Per Month capital repayments.

4 Bed House in Zone 5 SW London worth c.750K, maybe less since Covid struck.

I'm not sure I'd call it intriguing, to me it's like how much do you pay for your food shop.

It's an amount based on how much you've borrowed and what the interest rate is, and based on the fact that you've posted on thread started a year ago it's not even current info.

But I get that I seem to be a minority on these type of threads, I just don't get them

£650 a month.

The mortgage was £152k over 30 years and we've borrowed an additional £25k for renovations - we did this after 4 years of being here when the house was valued at £185k.

My mortgage is in 3 parts - the original part is for our first house and if we were still there today, our mortgage would be £197 a month! We bought that in 2013.

Justapatch ‘such small mortgages’ that’s rather an odd comment?

I consider myself comfortably off (mortgage paid off in our 40s) but to pay £4000 a month on a mortgage is a huge amount. Way above most people’s total monthly joint incomes. (Unless you added a 0?)

£1100 for four bed in London suburb. 26 years left.

£625 a month here

£1200

£2100 per month , 27 year mortgage.

I'm finding this post gutting!
I'm paying £1k pm rent for a 2 bed council flat in SW London with only a 5 year tenancy.

And I'm single!
So annoying that I'm shelling out double in rent than most couples pay on a mortgage!

1200, 3 bed in London suburb. I would ideally sell up post kids and be mortgage free in 10 years!

AND I've had to spend an absolute fortune to decorate and make it nice as if I bought it!

2375 euro including compulsory insurance.

It depends where you are. In the south, below £1000 per month is tiny. the same amount is massive in the north

22% of net income, but if I add the mortgage protection insurance it's 25%.
Mine is higher than it should be, I think, because I did fixed rate for the security aspect.

£320 for a 3 bedroom just about the same as renting from council

£1600 for a 3 bed semi in zone 4 london

It's all proportionate to what you earn, how much the house is worth, what you have left to pay off etc. A mortgage calculator would give you these answers.

Just over 500pm for a large 3 bed semi up north. Had a large deposit for it. Near a hospital so these particular houses are approaching 1000pm to rent, even with 2 bedrooms.

We used to pay 450 and had 18 years left. We moved to a bigger house and now pay 685 and have 29 years left!
The length bothers me. The monthly cost is affordable (we earn about 48k combined before tax), but the new house is fabulous, so we had to do it.

Just noticed the zombie. I've probably already commented in this thread!

We pay 10% of DH net salary including an overpayment. We don't base it on mine as Im SE and historically it varies- glad we didn't stretch ourselves as I'm now earning a big fat 0. Sometimes it's been frustrating seeing what we could afford but times like this makes me glad we haven't.

1650 - 4 bed SW