To feel rather bored with mortgage payment every mth

[blagaaw99]

Just that really, it's such a lot of money per month. When you think what else that money could be spent on. Can't wait til it's paid off. Anyone else feel like this?

[LeahDownTheLane]

Erm nope. Money each month to live in a lovely cottage that one day we’ll own outright. Can’t say I’m bored of it more like very, very grateful every single day.

[blagaaw99]

@rslsys

Mortgage paid off - so no longer boring.
Water rates are another matter. If Oxfam can do water for a whole village for £2 a month, why am I paying a King's ransom to Anglian Water for one house with water butts and a septic tank?

So true

[blagaaw99]

@Bahhh

I hear you op.

I pay a mortgage of £550 and rent of £800. Shared ownership. And I'm in £50k of negative equity.

For our two bed flat as we face having to pay private IVF while worrying about our jobs and paying for this pandemic and associated costs for literally the rest of our lives. Oh and some debts.

So BORING.

Bagh, that is so hard. Boring wasn't the right word to use, more the going on and one is frustrating. Good luck with IVF

[blagaaw99]

@LeahDownTheLane

Erm nope. Money each month to live in a lovely cottage that one day we’ll own outright. Can’t say I’m bored of it more like very, very grateful every single day.

Leah, that sounds lovely and like you have life sussed

[Anotherlovelybitofsquirrel]

No, I like seeing it go down on my mortgage statement. Knowing at the end of it all it's ours. Not being thrown away on crap.

[JulesCobb]

I know what you mean op. My mortgage is really small so that isnt my concern. But food. I get annoyed at the waste of money on food. Literally hundreds of pounds for something that ends up in a toilet. what a waste

[LunaLula83]

Better than giving it to a landlord though eh. Lucky you

[blagaaw99]

@JulesCobb

I know what you mean op. My mortgage is really small so that isnt my concern. But food. I get annoyed at the waste of money on food. Literally hundreds of pounds for something that ends up in a toilet. what a waste

It does all add up very quickly

[blagaaw99]

It's not boredom guys, I chose the wrong word. And if you take out mortgage and replace it with costs then maybe everyone could relate to it. It's more the hamster wheel of life, and relentlessness of it all. Probably just the mum years, plus having covid at the moment.

[blagaaw99]

@Anotherlovelybitofsquirrel

No, I like seeing it go down on my mortgage statement. Knowing at the end of it all it's ours. Not being thrown away on crap.

Very true, everyone's responses have made me feel very gray for my lot. Thanks all

[blagaaw99]

Gray = grateful

[The80sweregreat]

Council tax is a lot and although I receive a statement saying where the money goes , it still seems a lot and goes up every year.
Mortgages are a big chunk of your outgoings , but you will own the property eventually , so that is good news. At least the interest rates are low just now.
Your lucky to have a mortgage as well. Many can't get one at all.

[Imloosingmyshit]

I get you. I think it’s because you dint see a change every month for that money your spending. Like, if you pay for a gym, you go there every day and actively notice that. But you don’t actively notice living in the house you always live in every day with no changes.

[blagaaw99]

Just looked up council tax, it pays for sports and leisure facilities, street lighting, your centres, supporting the elderly and more. Contributes also to police, fire and rescue, household waste and public transport. I guess it will likely go up as less people will be able to pay it this coming year with covid layoffs.

[SqidgeBum]

Eh ..... a roof over your head costs and mortgages tend to cost less than rent... I am not really sure what else you expect tbh.

I know many people paying thousands in rent who would love your "boredom" of paying for the house you own.

[Rewis]

I'm fine with bills. I get annoyed with buying items I don't want. Like, I kind d of need a new hoover. But I don't want to spend money on that. I'd rather buy something I enjoy using.

[flossinthemornings]

I don't mind tax or council tax as feel there's no choice in that

But there's no choice in paying for a roof over your head either you either have a mortgage or rent, what is the other choice - homelessness?

[middleager]

Definitely not. I've been paying a mortgage for 17 years years now. Still have 17 to go! I like paying it, usually overpaying, to see it go down.

I'll be 64 when it's paid off but hoping to shave some off that.

[Tootletum]

Yeah. Really bored of not winning the lottery too.

[strawberrydaq]

I think you are being insensitive and looking for a reaction here. There's tons of people renting on here who I'm sure would love to pay mortgage that is actually for a good reason rather than paying rent where they have nothing to show for it. I've recently bought a house after a few years of renting and it feel great to be paying my own mortgage rather than rent towards someone else's mortgage. What would you rather do, be homeless? It's life, get over it.

[Griselda1]

My daughter has been trying to buy a house recently and 20% deposit seems to the norm if you want any sort of reasonable rate. How difficult is it going to be to purchase a home, almost regardless of what wage you're on as a young person.
It's a pain to pay out any large sum and I think the future looks financially bleak.

[Cadent]

I think what’s harder is knowing your neighbours paid £300k less for a house in the same street.

[XingMing]

@Smallsteps8, I was charging market rate rent, but the interest rates ballooned to 17% for several months, and only gradually declined to a point where the rent was completely covered. Negative equity and a complicated matter of construction litigation didn't help me sleep at nights either. I was an accidental landlord, rather than a BTL investor, for nearly 15 years.

[Smallsteps88]

So how were you subsidising your tenants? you weren’t. They were paying market rate.

[Enrico]

That's a long-ass accident.

Agree council tax is more annoying.