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?

£906 but we're on a really low interest rate (under 2%) which finishes in March.

I used the calculator for our providers current variable (5.64%) and it will go up to about £1500. They're offering fixed at 5.09% so not much different.

Nothing. Paid off 5 years ago thank god.

How much is the house.
What is the LTV?
Over what term?
What do you earn?
Where is the house?

So many variables OP. I’m the nicest way, what is the point of this thread?

Congratulations to all of you who nearly/ have paid their mortgage off! What an amazing accomplishment!
We love to spend, so there will never be any over paying.

£2,000pm is on the rates at the minute so if they did go up to 8% then the mortgage could go up to £3,550!

No way could we afford that but just getting an idea of what people pay

£380 fixed for a couple more years

£2660

Similar here, just over £500 but on a great fixed rate til 2025. We probably won’t overpay, but rather save extra throughout the year and then have that as something to fall back on if by then it still isn’t sorted.

I pray it’s sorted by then. I really do.

What people pay means nothing.
What they earn and what they owe does?
What the house is worth also matters?

Other debts?

£2600

899 fixed till 2027

1900 with a 190 over payment! It’s going down slowly!!!!!!!!!

£600

If I told you I paid £50 per month, what if it?

Or £3500 per month, what of that?

If I earned after tax £2k per month, or £20k per month, what of that

Why?

Surely what matters is whether you can afford £2k pm?

We probably could but our mortgage is about £350 pm, but we're childfree 50 YOs in a small house in an area most of MN would not consider sufficiently desirable, but it suits us and we're planning for retirement not looking for more debt.

No urgency in overpaying as the interest rate is very low.

€2100

£840 with a £400 overpayment every month so £1,240.

Was £142 on a fixed which ended last Month ( 2.25%). Fixed again for 2 years on 3.6% at £162 per Month. Will be paying £380 per month altogether ( 10% overpayment allowance).

Surely how reasonable mortgage payments are depends on your household income and other outgoings?

Otherwise I could say that the mortgage is a £100 pcm and household income is £2500 pcm, or it’s £1800 pcm and household income is £2500 pcm.

One of those would be easily manageable, the other one not so much.

We are both early 30s
Husband is on £102,000 per year starting in the new year.
I earn around £10,000 per year.
We won't have any debt as such but cars are on finance.

£365.....20 years to go..... lucky to get a "cheap" repo 10 years ago

£300, in West Yorkshire near me you can still buy decent 2-3 bed terrace houses with gardens for around £140k.

£350 before it was paid off in 2020.

Nothing: paid it off Summer 2000.

Wonder if we should move and put the proceeds from the sale of this house down as a big deposit, but with supporting university life for 3 I'm cautious.

£600

£624 but due to go up in January. I fixed into a new deal as soon as I could at the beginning of September at over double the previous rate, which I was annoyed about at the time but now glad I did due to the recent increases.

I have been making overpayments where I could since the beginning of this year to try and mitigate the increase as I knew this was coming, but our repayment charge was fairly high so I had to gamble on whether it was worth paying.