To ask how much your mortgage is?

[idontlikemybutteflycushions]

I think I need a reality check. These rates will add £500 on to our mortgage. I’ve had a number in my head that I never wanted to pay more than mortgage wise and now ours teeters on the verge of that. Affordability for the mortgage says we’ve got still a lot more wiggle room but those numbers feel crazy

so if you’re in your 20s/30s how much is your monthly mortgage and if you don’t mind your household income?

Joint income : £8,500 p/m
Mortgage: £2,537p/m; 4.3%; fixed to 2028.
Annual bonuses: £8-12,000

We aren't in the UK and it's quite normal here.
We probably won't have paid it off just by paying the mortgage after the 25 years. However, we bought it for 275k and if we sold it now, we'd have to price it between 600-800k. It's likely to go up further. It's a detached five bedroom house in a very quiet street with a large garden and we are within commuting distance of a major European city. We've done it up quite a bit in the last five years, too.

Household income of c£6.1k a month. Mortgage went up to £1050 when we fixed last year. We have 25 years on a c£200k mortgage.

We're just about to buy our 1st house, currently renting.
House is 200k, repayments will be £1060 on a 90ltv mortgage.
Monthly take home pay around £3800.

@Minimochi if you sell and end the mortgage early is there a giant early repayment fee on a fixed 25 year mortgage over there though? There would be here.

Joint take home £6k , mortgage £1250 fixed now til it’s paid off

Yes, you'd have to pay something extra but that gets less the longer you've had the mortgage.

It’s refreshing to see a post from somebody in a similar situation to me, incredible how these threads always seem to fill up with the top 1% of earners.

Single income here of £2800 a month
Mortgage is £700.
I’m lucky to be fixed until 2027.
However, my house is a tiny newbuild so no doubt the value will drop significantly, and I took out a 90% loan, so my situation isn’t that brill.

Take home £6k and mortgage circa £1.6k.

That feels fine at the moment as we're past the nursery years, but we're expecting to feel the pinch in 2025 when we remortgage.

Monthly income of approx £4k.

Mortgage is £750 a month (once we move onto our next fixed deal in December, an increase of £70 a month), 85% LTV.

LOL i quoted the wrong poster here. Oops sorry @LittleGoose000

@Stressymadre

Not in 30s, but recently taken on mortgage.

£1,300 a month.
Family take home is about £4,500 after tax.

@idontlikemybutteflycushions well I don't work for a bank, but the low BR we have all enjoyed since 2009 has been the exception rather than the norm. I am working on the basis of assuming a 6-7% BR is average and budgeting for that. I'm sure a lot of people will switch to interest only mortgages, but if banks can get more money through bonds than mortgages then why would they lend to home owners.

www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp

To answer your question, our monthly mortgage is around 7.5% of our joint salary. A large chunk of that salary is a dividend payment which you could argue is not guaranteed, as it's not, but we've always been able to pay it so far. Without the dividend (so if the business and economy tanks) it's about 13%. We are both 39.

£7.5k income before bonuses.
Mortgage is 1.6k for a few more years....

Joint monthly take home £12,250. Mortgage payment £3,100.

Currently £0.

But we will be remortgaging shortly (to £60k) and the figures I've been getting so far are around £800-900 a month)

Joint incoming is around £5200 + £750 a month for the rental we have.

I appreciate we are in a very lucky position

Out joint take home is £4,000 and our monthly mortgage payment is £1,457

We are fortunate our mortgage is paid off. My niece/her dh are in their late 20s and their mortgage is £370/month (West Coast Scotland). Their joint annual income from their jobs is <£40k, she also gets higher PIP for serious health conditions.

Financially they are doing well with no immediate concerns (other than they are putting the bare minimum into their pensions!), but they have a lot of other challenges to deal with.

We’re in our late 30s. Net income around £9k, mortgage £1090. Just moved to a fixed for 5 years at 4.1%. We plan to overpay as as still a good chunk to pay off (Greater London)

Joint monthly income of just over £4k, mortgage payments are £500 and fixed until March 2026.

We bought an ex council property in the NW so thankfully don’t have a huge mortgage.

Income 15K per month. Mortgage £4500. 4.5% ish, 5 years left on fixed rate. Then we’ll see where life takes us.

It was £380 but would have risen now to £560. I was blessed with some inheritance last year which spurred me on to over pay, even little bits here and there, so now it's down to £16.55 a month. I'm not paying it off in full as it's got a borrow-back facility and as I'm single having a large lump sum available if needbe is important to me.

Take home £6,000 p/month. Mortgage is £750 a month and fixed until we pay it off in 2030. We remortgaged when Brexit went ahead in 2020 for 10 years as we thought there would be uncertain times.

Income 2k