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?

£297 i round it up to £300.

Bought in 2016, plan to clear it over the next 18 months if it’s prudent to do so.

920 fixed rate ends in March SOS 🤦‍♀️

Are you planning on kids op or do you already have them? If you are planning then make sure you can afford childcare too.

Also, comparing to others doesn't really work. Their salaries, how long they have left to pay, their other costs, the price of houses when they bought...all these factors make payment alone comparisons not that useful.

I understand it depends on incoming and outgoings but I just wanted to see what people pay.

I have no idea about interest rates really, I think we have a 2 year fixed but with the stamp duty cut we could possibly move in 6 months

£2100 but DH and I make £250k between us and take home £10k/month after taxes, private health insurance & putting £2k each into pensions. It’s also fixed for full life of the loan at 2.4% (30 years). We also have around £800-900k in equity. I would not be considering a mortgage this size on your DH’s salary in a higher tax country like the UK (we live in a lower tax country). When we lived in the UK we made £120-140k and our mortgage was £1100/month and we had an offset account covering the balance.

@Pinkwithwhite 2000 is manageable on your income. However do you plan to have dc as childcare is expensive.

had to fix for 5 years at 3.99%

You’ve been lucky with very low interest rates for years. Anyone that didn’t have a mortgage before 2008 is in for a shock.

I don’t think 2000 a month is crazy with your joint income but what would worry me is it’s really all on him to keep up with the payments. If he became ill or got fired/made redundant would you be able to up your earnings to cover the mortgage?

£475 on a very low fix which has just ended and I'm off to the bank on Monday to pay it all off 😁 can't wait to get rid of it especially given all the rate increases!

GAH not what you asked but...

I pay £1000 per month in rent for a 1 bed flat, impossible to get onto the property ladder.

Lord knows how much I've paid in rent over the years.

Why are you posting???
Honestly!

£1407. On a fixed rate until summer 😬

£770 pcm.
Fixed it at 2.7% for 7 years in August. 27% LTV.

Flat 1 £1293 recently; fixed at 3.4% for 5yrs, includes extra 1% for letting. Most months we overpay it by another £2200

Flat 2 our home £1065 at 1.49% recently fixed for two years

We have 2DC and lucky enough not to pay for childcare. We plan to have another baby in a couple of years.
I could absolutely not cover the mortgage if DH didn't work.

£915/month fixed at 1.69% until Feb 2027

£470, fixed at 1.3 end of last year, kicking myself we didn't fix for 5 years but we planned to move house when the 2 year fix was up. We won't now with house prices and interest rates going mad. Thankfully we don't have much left to pay off so even if rates go mad we'll be fine. It has put me off taking on a much bigger mortgage, we do need a bigger house though.

@LifeIsaRollerCoaster1
We also need a bigger house, especially if we are to have another baby. So hard to know what's the right move to make

£653, fixed for another 5 years in May this year, it went down £25 a month, due to house price rises we got lucky and went from 90% ltv 5 years ago to 60% this year

Paid off ten years early ( through long hours and hard work ) the thought of ten more years wasting money on interest was too depressing ☹️

was £250 a month

I could absolutely not cover the mortgage if DH didn't work

that would be my main concern as you have a vastly different income. We have always done it so our mortgage could be paid by either one of us.

Fab, go you.

I couldn't afford any mortgage on my wage, or rent for that matter

£555 but we round it up to £600 as that’s what we paid before we started our new five year fix in June on 2.27%.

We still have about £135k left to pay and we take home about £3kish per month and pay childcare of £704 per month (after tax free childcare).

£1950 fixed for 4.5 years.. would be great to pay it off at the end of the fix depending on interest rates in 2027 but we’d have to win the lottery! Am overpaying where I can while we still have a fixed rate