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?

How come some people pay just few hundred!

Late 40s & Early 50s. £6500 joint take home. Mortgage £1380 on house and a flat we own with no mortgage (we don't let)

Depends on the house/location/amount etc

Not everyone lives in a mansion in London

Joint income of 3300 a month take home and mortgage is 1230 😫 was 960. It's going to be a huge struggle

Joint income 8k rent £2000 and we can’t save enough deposit to buy anything in the area (south). Kudos to all you that are sensible with money 😂

We pay a few hundred because we bought this shit heap 20 years ago at a very low price, thinking it would be temporary. Circumstances conspired and I have raised 3 kids in here,somehow. Always been envious of people with nice big houses. Not so much now

35 years old and live in central London. Take home normally £6000 a month, mortgage £1350/month (30 yrs 1.4% fixed for another 3 years). I'm about to go on stat mat though so my income will drop to £450 (after tax) for several months.

In central Scotland

I‘m with you but still renting as we can’t get enough deposit so well done you!

We were in a similar position and the only reason we could get a deposit together was because both sets of parents gave us £20k each which was 2/3 of our deposit.

Monthly income is 5300, mortgage is £280. I’m 29, husband is 37.

Yeah, at the risk of sounding like a Viz Top Tip, which admittedly may be a reference lost on the young uns on the thread, 'you too could have a small mortgage, simply live in a small house in a cheap area and don't be constantly decorating and 'doing work' on it'.

Joint income £90k pa.
Mortgage £770pcm (c.50% LTV)
At 3.41% started in March 23 for 5 years.
This was £100 more than previous mortgage (1.89%).
But borrowed more, and increased term back to 27 years.
Aged 40.
Location: South Midlands

Thats so helpful from your parents, sadly no cash coming in from ours. I’ve kind of accepted renting is fine (whilst secretly sulking!)

Just purchasing new house. Net income is about 4500 as a couple. Mortgage is 1600. For 3 bed semi

Sole income £4.2k per month, bought a couple of months ago and mortgage is £1.4k. On a two year fix, I'm overpaying £150-200 per month. But if I was still renting, the minimum round here would be £1800 per month, but realistically north of £2k for something decent with a responsive landlord.

we have a very high income, 19,600 per month , our mortgage is nearly 5k, tied in until 2026, god knows see what it'll go up by.

Around 120k pa and £1600 pm mortgage

Joint income of about £5k a month, mortgage is £1100 fixed at 2.25% until dec 24. Childcare fees of £1100 for one toddler is the big drain on finances plus bills running a large house eg high gas and electric costs of £280 a month. We have 31 years left on our mortgage and are mid 30s

Joint take home of £6k. Mortgage is £1350. Just fixed for 5 years at 4.6%.

Joint monthly income 4000 per month. Mortgage 1200. We have thankfully very low childcare costs as grandparents cover 3 days per week of the 4 days I work. Mortgage fixed now for 5 years - so that is something. We were so lucky to get in a new deal at very start of the rate rises and so only had an increase of £100/month.

Joint income 7k. Mortgage 1200. We fixed in August 2022 for 5 years.

Where does that 6k go?!!

Feeling very glad (and lucky as I know many areas are expensive!) that when we bought 10 years ago we didn’t overstretch and scrimped and saved pre-kids so we overpaid then and have the extra disposable income now. Mortgage now £275pm and on 5 year fix until 2027.

Income £4000, mortgage £495 pm with £65,000 and 12 years left to pay. We were so lucky and managed to get a fixed rate for 10 years in 2020 so are on 2.2% until 2030. We’ll hopefully have it paid by then.