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?

Currently, a single UK income of £125k gives you a take home of £6250 after tax and NI (not taking into account pension payments which would subject to tax relief).

£1750; was £2300ish on last fixed rate

£2400 but we remortgaged last year into a much shorter term. We doubled the payment, but we'll be done with the mortgage all that much the sooner.

might be worth thinking how secure your DHs job is in that case.

Combined income of 145k, mortgage is 1700 pm.

Yep we decided to have our 3rd child, me take mat leave then the plan was to move when the baby turned 2. I was 37 when I had my third child so felt it was better to have the baby first then move after I wouldnhave been back from mat leave and would have had 12 months full pay again. Everything has thrown a spanner in my masterplan! Our house isn't tiny but we could do with an extra bedroom and separate office. I was so looking forward to having more space besides!!

£2,474. Fixed until 2024 happily

£350 fixed for 10 years

Are you staying at home with the kids? Your DH would be better paying anything over £100k into his pension because of loss of personal allowance.

if he did take 100 and you 10 that post tax of just over £6k

£2k (ie a third) is the absolute max I’d ever stretch to. How secure is his job? Has he got solid income protection insurance? Sick pay? You’d need to fix for as long as you can as interest rates could easily continue to rise. Do you have other savings for emergencies?

Hopefully one day I will be posting a stealth on here (maybe Gransnet.... definitely gransnet)
Woohoo payed off our mortgage but no way does that ever seem possible

£1.21. We should really just pay it off as there’s only £300 left but there was some valid reason we decided to leave a balance. I can’t remember what it was though!

£0 fixed for ever.

Op you need to get clued up about interest rates. £2k is affordable on your income (although I wouldn’t, but I’m both risk averse and live in Scotland) but what’s that based on - how much are you borrowing at what rate and for what term. And what percent of the house value is it.

This is the trap you will see many posters recently have fallen into. The immediate cost is ok but now rates have gone up the next cost isn’t. What would happen if the rate goes up another 1,2,5%, how much extra would that be and could you afford it.

Are you covered for pensions, you in particular, and really good life and income insurance for him?

it sounds like your husband hasn’t even started this job yet?

@Isyesterdaytomorrowtoday
I work part time so no need to pay for childcare.
He has a good pension and yes he has insurance incase something was to happen.
Secure, I'm not sure really, new starts a new job with a big well known company in the new year

Do you have a good pension?

Ours was £465 pm but I always overpaid each month to £765. We have just paid the mortgage off due to this.

So you don’t have a mortgage then?

I don't have a pension

You should have. Get him to sort that first.

Remember to check he still has enough insurance if you take out a bigger mortgage.

Why not trying putting the amount away for a few months and see how it feels? What are you currently paying for your mortgage, how much more would it be?

£393 - 3 years left on it.

Oh also make sure you are insured - if anything god forbid happened to you he’s have to pay childcare.

£625. Fortunately 2 months ago we fixed it for another 5 years - on a good rate we would have no chance to get anywhere now.

It depends on your income.

What others pay is irrelevant.

£485. Fixed for another 4 years.

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