To ask how much your mortgage is pm?

[Pinkwithwhite]

We were paying £960pm, that's gone down to £800 from this month.
Just wondering what people pay?

£680 but overpaying by 220 a month.. soon to be 400 extra. 2.7 years left on fox so trying to overpay what we can now.

£278 now. We overpaid it for years. It was £639 originally.

£1500. Our 5 year fix ends in June. We are extremely worried. The ERC is £45k so is not doable.

£0 we cleared ours about 5 years ago by overpaying as much as we were allowed without penalty and then overpaying more when remortgaging.

I am so glad that it’s gone and it was well worth the sacrifices made at the time to get it gone as soon as we could.

£656 we will finish pay our mortgage June 2026..

Repayment mortgage. £415, fixed until 2025.

I can't quite understand why anyone would divulge this information.

Our is paid off thank god, overpaying was one of the best things we did.

I can't understand why they wouldn't, if they want to..? What's the harm?

All my mortgages have been an annual overpayment allowance of 10% of outstanding balance. I get notified each year on the anniversary of the mortgage.

@Ineedwinenow we had an offset mortgage and overpayments were unlimited.

I think now is a terrible time to upsize and take out a new mortgage op.

Stay put, save madly from your dh's increased wage and wait at least two years.

It would be hugely risky to base a house move on a new job.

£620 pm (was £690 when I came off the SVR I’d been on since 2007). Took out some equity and extended repayment period.

£980. We were lucky enough to remortgage and fix for 5 years when rates were still low. So we have 4.5 years left to try and throw as much extra cash as it as possible and get the balance down before our interest rate goes ratcheting up.

Just in the process of fixing it in to £600.

Fixed 5 years 2.6 since Feb thankfully. Monthly 526 with overpayment usually 550 apart from Christmas and mat leave. Will consider using a chunk of savings at next fix depending on interest rates.

If that were me I'd have just over a grand left. £250 a week before you think about bills, energy prices food and petrol. Scary stuff.

Why not?

£950 but we overpay to £1200. On a very good fix at the moment which has another couple of years to run. Hoping that things will have calmed down a bit by then. I did a stress test scenario last week and we could manage an interest rate of up to 12% if needed.

We over payed to the max, and then saved elsewhere and also paid off a lump sum when the fixed term was up, before locking in to another fixed term. We are mortgage free now

@Ineedwinenow It’s usually 10% of the current mortgage balance, not 10% of the current monthly payment. So, we have £460,000 outstanding on our
mortage so we could pay up to £46k extra off.

I think others have explained this - it’s usually 10% of the current outstanding balance not 10% of the monthly repayment. We overpay @£320 on our repayment of £678 which is a big % of the monthly sum, but is only around 5% of the outstanding balance. We then make a cap rep at the start of each mortgage year to cover the other 5% and bring the total overpayment to 10%.
It makes a massive difference- our broker worked out that we will have saved around £20k in interest by the end of the mortgage.

If you are on a low fixed rate, dont overpay the mortgage put it in an ISA instead. Far more efficient

Was paying £645 a few months ago, now £775!

I was paying £840 but, with four months left of our fixed deal, we found a new deal. The cheapest fixed deal we could find was £1093 so that's what I'll be paying soon.