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???

@Tunt normal! 😳 Me and DP only get that in wages for everything!

We pay £670 a month and its with a 125% mortgage.
Less than 12 years left.

When I purchawd my house it was £900 pm for a 3 bedroom terrace in zone 4 london, my salary was approx £35k so worked out being 60% of my income

10years later my payments are now £700 pm and got a promotion so its now 27% of my income

£425 per month, 3 bed, detached with land in a tiny village. I live in Lincolnshire though so not an expensive part of the country.

But I'm in my own so no joint come hence why my % figures are high as its only on one income

£1100

£1135 for a 3 bed townhouse in Buckinghamshire. Only just started mortgage so 30 years to go!

Oh forgot to say we are 5 bed with large land and swimming pool. Scotland is cheap :)

1650

$3000 USD which is about 25% of our gross income (that means before taxes etc, right?)

£450 on 3 bed terrace, NW

Ours is £1400, but we put down a 40% deposit.

4 bed detached with integrated garage. We pay £485 but we put down a large deposit when we move to this house and have more than 50% equity in the house. This was so we cld start a family and I cld work part time while still being able to afford to do all the things we normally do.

£805, I wouldn't bat an eyelid at as we would probably be paying more than that if we only had a 5 or 10% deposit.

Ours Is £373 for a three bed terrace in Bolton. We paid a 25 percent deposit though as we were renting a very cheap two up two down for 8 years, lived very frugally for that time so save alot of money.
It totally depends on your income and the price of your property

Just realised this is an old old thread!🤭

£1200

£600/month, a 3 bed end of terrace in a nice area ( suburb of Glasgow). We had a 25% deposit.

£2,300 for a three bed terraced townhouse in Winchester. Leasehold, one parking space, no garage, tiny garden. Next to a lovely park, a 3.5 minute walk to train station (1hr to London) and an 8 minute walk to high street.

Wow @Hoggleludo - where do you live?

We pay £460 or thereabouts, since interest rates were reduced, on a debt of £110k - interest only. We've been trapped in this for years as I was self employed and on paper I didn't earn enough so we couldn't remortgage.

We wont pay it off in the term remaining (7 years) and I reckon a lot of that is because we are being overcharged

Looking at this thread I was trying to work it out but bit confused, people are saying how big their house is or house much it is worth - but surely it what they owe on it that you would need to know for a comparison?

@Sh05 - old thread but still interesting!

£1200 4 bed detached, garage and big garden plus drive. Small market town about 50 minutes from London.

@DishingOutDone
it is interesting you are right!

£4003 opted for a 12 year mortgage.

£380 six bed North West, 25 year morgage but we are overpaying and on track to pay it off within 8 years.