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?

€5,404.

The joys of the Irish property market 😬

£446 at the moment but will go up slightly in November with the interest rate rise as I'm on a tracker.

£871 but overpaying by £1000 to shorten the term

Around £770 but we have frequently made overpayments (apart from during my mat leave). Interest rate 1.39%, fixed for another 3 years. Our joint monthly income is around £5k but with nursery fees and job insecurity in my line of work, I'm risk averse when it comes to having a big mortgage - much as I would love a better house.

Zero.

I paid it off last week.

£320. (It’s actually £190 but we overpay each month)

£870 and we have 2 more years to go before our 5 years fixed end

Congrats

£1000 but over paying by £550.00. Our fixed deal ends in 12 months.

This is awesome. 😊 Congratulations

I'd be interested to see what the payments are like for those who have bought for the first time in the last 2-3 years, and geographical spread too.

I don't know anyone of my generation paying less than £1000 unless they used help to buy or had a ridiculously large inherited sum for a deposit. South East 💸

@PlasticSheetingRTÉNews please tell me you’re on a fixed rate mortgage?! Also, congratulations on your two up two down somewhere in Dublin 😂 (I kid, I’m sure at that price it’s at least a 3 bed)

£3,000

Slightly off topic but could I just ask those of you who overpay don’t you get penalised if you pay over 10%? I can only pay 190 per month extra on a 1900 a month mortgage but some of you are paying hundreds extra on a lower amount? The last 3 mortgage providers we have gone with don’t allow over 10%, how do you get round this or don’t you have such restrictions on your mortgage?

We wanted to pay more than 10% but when we were in the market for finding better deals we couldn’t find a provider that would allow more

The overpayment element of some of these answers has really interested me, thanks everyone ! It’s nice to know that least it’s possible somehow

I’m one of those people.

East Midlands, used about £2.5k in help to buy ISA, and another £28k in cash deposit. House was £192,500. Payments are £612, mortgage over 30 years, fixed at 2.3% until 2026 (These figures are as near as dammit without me going and digging the paperwork out). Completed last October.

Plan to start overpaying as much as possible once the initial decorating/new kitchen/bathroom etc is done and out of the way.

It’s a four bed Edwardian semi.

Thanks!

5 bed detached, but only because we had a shitload of equity from last sale. Had been looking at moving outside of Dublin but ended up getting a promotion in work so stayed put.

Mortgage fixed at 2.2% until 2027, thank fuck.

Have no idea how young people are getting on the ladder these days. The first place I ever rented in Dublin was €900/month. Saw it advertised recently for €2,800/month. Imagine paying that, and trying to save for a mortgage? Nuts.

I thought most operated on the basis that you could pay an extra 10% of the mortgage balance each year without penalty?

So if you have £200,000 left on the mortgage, you can pay up to £20,000 extra?

£258 but we were lucky and fixed at 1.4 % 15 months ago.

Waiting for my letter to arrive to tell me how much it is this month.

Our fixed term ended in August and we were supposed to move start of September. So new mortgage is waiting and we're on I assume a tracker st present. Payment went up £300 between August and September. I forsee a further rise for October...

We do overpay though so pay at least £1000 a month in total.

£2.16 repayment

Monthly interest 8 pence.....

We cleared the mortgage five years ago, then took out another £40,000 for a kitchen and a bathroom. ( cheapest money at the time)

We took it out on a very good fixed rate, over a fixed rate of time ( can't remember but I think it was about five years) I hate debt so we cleared the majority of that in two years.

However, the Early Redemption Charge is £600, we owe them tuppence halfpenny, it is costing them more to administer than we are paying them.

Hey Ho.............

Ours is our monthly amount ( according to our offer letter) but we have 350k ish left so its definitely be worth a phone call! I’ll give them a call on Monday, maybe they just missed the annual overpayment off! Thanks!!!

@PlasticSheetingRTÉNews it's nearly always 10% of the original morgage not the current balance owing. We get charge but is 5 % year one 4% year two etc on a five year fix. So if we over pay by 10k a year in our current 2nd year we only get charged £400 which is definitely worth it.