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?

Bloody hell this thread is depressing. And, likewise, reading this, I wonder why so many complain.

Single income, take home about 2600pcm. I thought that was good until I read here what others are earning.

Mortgage £640pcm on ca. £130000 owed. Again, I thought that was good.

I am now questioning my life choices. Still paying for wraparound childcare, too.

Still, I currently manage to save £500+ per month. What the hell is everyone spending so much money on that they're struggling if your income is that high and your mortgage that low?

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.

It's a unwritten rule of mn that everyone's joint earnings are huge, but no one can ever afford to leave their dickhead spouse

Household income is £4k per month - mortgage has just gone up to £1456 per month. We owe £270k and have 28 years left on the mortgage. Just fixed for 5 years.

Joint income of £6,500 (about to go up in the coming months). Our mortgage is £1,000 and we are fixed until mid 2025. Hoping the situation improves by then but still expecting it to go up

Household income £4600 after tax, mortgage £1200 (fixed for 4 more years). Keeping everything crossed that rates are ok by then, we can’t really afford to overpay at the moment.

It is good and you are doing well! You get about 2/300 more than me :)

Single parent, income £4,000 and mortgage £1,500.

So after mortgage you have £4,000 to pay bills and everything else?

I think you'll be ok.

Reading this thread makes me realise how expensive houses are where we live! A three bed terrace is about £600k (not London - and not a particularly nice part of town either)

Most people I know have mortgages of £1500 at least.

Joint income of 3k a month
Mortgage is £487 a month
We locked in at 1.1% in 2021. Mortgage is for £140k, bought house for £240k.
We’ve stuck all our savings in a high interest savings account to hopefully get it under 100k when it’s time for renewal.

8k joint income and £750 mortgage which we have 10 yrs left to pay. We were very lucky to fix last year (though now think we probably didn’t fix for long enough!).

2850/month. We’re on a 25 year fix at 1.5% with over 50% in equity. I’m so thankful we’re not on a variable as we’d be paying almost double if we took out a mortgage now.

Surrey so……..mortgage has just jumped up £320 pm to £1194pm. I fixed at 5.49% for 7 yrs. That’s on a three bed house with garden, and 15yrs left to pay. Joint income of approx £4500pm

Take home £6500 (one income, divorced in early 40s with 3 kids). Mortgage is going up from £1200 to £2200 at the end of the year. I didn’t fix for longer as I wasn’t sure if I would need to down size post divorce!

Household income varies. But approx £5.5k a month after tax.
Our mortgage payments (fixed until May 2025) are £600 a month.
I'm 39.

I think people need to add where they live to their financials as we’re not getting clean data here in terms of price demographic!!!

Owe just under 300k and 5 year fix ends in November.
Looking at it today and will be able to fix for 5-5.5% for 5 or 10 years, 40% LTV (in the south). Payments are going from 1800 to 2300 😬

Mortgage is £1450, income fluctuates between £5-7k. Its fixed until oct next year but we are already paying a high interest rate (6.7%) due to adverse credit so am hoping it won't change too much.

We’ve just bought our first home and fixed for five years at £1,700 a month. Monthly income after tax etc is £5,000 and it’s the most we feel we can afford right now. I’ll return to work in 2 years when our youngest is in preschool which should make things a little less stressful.

We fixed it last year for 10 years at 3.2%, payment is £201pm but we overpay to hopefully finish the mortgage when the current term is up. Hoping to rent house out to pay next mortgage on a better next house.

Joint income is £1600, mortgage is £316 every 4 weeks, hasn't gone up in 5 years and is fixed at the same rate for the next 4 years. Deposit was £1850, house costs £68k if that makes a difference.

I'm actually surprised by how low lots of these figures are.

We rent in London. We pay 1750 pcm for a 1 bedroom 40 sqm apartment.
If we were to buy this with a mortgage, it would cost us roughly 3200 a month.

Our income is roughly 6k after decent pension contribs.

You never get 'clean data' on threads like this.

What you do get is a really good illustration of how poor your results mirror the country as a whole if your sample is unrepresentative enough.

OP you have a good income so, as long as you don't have big childcare or commuting costs you should probably be fine even your mortgage goes past a fairly meaningless figure you'd rather it didn't exceed.

I should have added that it's a basic 3 bed terraced house with a double garage in an apparently affluent area of South Wales. Houses here have been £130k starting for about 8 years now so we have an absolute steal.

Early-mid 30s we receive 12,000ish per month. Mortgage 800£ (it has doubled in the last 12 months).