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AIBU?

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

488 replies

Northernlassie1974 · 01/06/2019 00:46

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???

OP posts:
DishingOutDone · 28/05/2020 17:20

@Sh05 and @ToothFairyNemesis - how much do you owe? So you are both paying around £360-80 but on what debt?

nowaitaminute · 28/05/2020 17:50

We have no mortgage, so just property taxes which are annual and just over 100 per year.

Sh05 · 28/05/2020 17:59

We still owe £67800, we have 20 years left. It's a variable rate so has reduced as the interest rates came down. Once I am back working ( am on maternity) and we have more savings then we will make a larger payment which increases our share in the property

ToothFairyNemesis · 28/05/2020 19:53

@DishingOutDone we still owe £41000 and have four years left in which we hope to pay it off.

Cheeseycheeseycheesecheese · 28/05/2020 19:56

Almost £700 atm but in the process or remortgaging to £425.
Fixed interest rates have dropped in the 5 years since we bought our house.

Crossfitwidow · 28/05/2020 19:56

£312 for a 3 bed in South Wales.

ToothFairyNemesis · 28/05/2020 19:56

@DishingOutDone we kept our monthly payments the same and over pay to reduce capital.

PonderLand · 28/05/2020 20:01

We pay £400 for 3 bed terrace no driveway but huge gardens it's a 30 year mortgage. it's 8% of our income but right now we cant afford it due to CV. It's made me rethink moving to a bigger house!

Nottherealslimshady · 28/05/2020 20:09

About 450 a month. We put a 30k deposit on a 100m house. Mortgage is over 15 years.

Nottherealslimshady · 28/05/2020 20:10

The house is a 3 bed semi with garage in a nice enough area of town up north

Nottherealslimshady · 28/05/2020 20:10

Lol 100k obvs

Bells3032 · 28/05/2020 20:15

Currently pay £700 for a 2 bed flat I bought before I met my husband. We are looking to buy a four bed house and our mortgage will be about £1700 a month

Grilledaubergines · 28/05/2020 20:19

£108 pcm. South East, London outskirts.

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