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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

Age/Salary /Mortgage?

272 replies

Whyohwhymewhy · 13/10/2023 22:31

I would like to buy a bigger house in a few years time but it would mean getting a bigger mortgage. Got me thinking what is the norm?

I’ll go first
39 years old
£3000 joint salary
£250k mortgage

OP posts:
EggTheParrot · 14/10/2023 01:11

40, 7k (joint) 10k left will pay it off next month.

Totalwasteofpaper · 14/10/2023 05:51

39 and 33
Approx £12k net pm but we take home less post pension payments
Around £550k

We put a fair whack in pensions and savings Vs overpayments as interest rate is pretty low and we will be in this house for 20-25 years +.

Fascinated by the low mortgages as we had no help / inheritance and are stuck in SE. /London for work...

secretllama · 14/10/2023 06:21

Mid 30s
Joint income around 6k after tax
Mortgage 130k remaining but we have made a few big overpayment and plan to again soon.

Amba1998 · 14/10/2023 06:29

31 & 32
joint monthly take home pay around £7k depends on husbands self employed take home
mortgage - £900 pcm. £180k left on a 20 year term. £380k house value so £200k equity ish

ButterMyParsnip · 14/10/2023 06:31

Age: 34 and 36
Salary: around £4,800 joint
Mortgage £240,000 and extended to 34 years while we ride out the interest or earn more.

Mam34 · 14/10/2023 06:39

38y
Joint Income 100k
Mortgage left 82k

YellowRoses100 · 14/10/2023 06:41

48+46

Joint income approx 110k
Mortgage 250k

lolasmile · 14/10/2023 06:45

37 and 30.
Joint net £6500
Mortgage £213k with 23 years left.

ohsobroody · 14/10/2023 06:45

Ages 34/35
Joint income £4750
Mortgage £215000/£1200 a month

Frankinbeans · 14/10/2023 06:48

33y

Joint income 8k net pm (4k each)

Mortgage 250k, 1250pm.

The most important thing we pay is our insurances. We pay a lot but are covered for lots of scenarios and know the mortgage and bills will always be covered due to this.

thesnailandthewhale · 14/10/2023 06:50

50
£2k (single income)
Mortgage £57k

BlanketyB · 14/10/2023 06:54

50
£7500 net income (take home - after pensions)
£0 (stayed in house bought in mid twenties, so paid off a while ago now)

bungletru · 14/10/2023 07:00

I’m sorry, I don’t understand the post? Why is knowing others financials going to help you?
see a mortgage advisor and look at what you can borrow?

addictedtotheflats · 14/10/2023 07:08

35, £2.9k, £78k mortgage left

OhDoh · 14/10/2023 07:13

33
joint around 5k
158k left

MoonCharged · 14/10/2023 07:14

37
Joint income 50k PA
97k left on mortgage which started at 127k for 5 bedroom bungalow in the middle of the countryside.

Aquestioningmind · 14/10/2023 07:18

Age: 28
Salary: £3KPM after tax
Mortgage: £130K (equals payments of £530 a month)

Weepingwillows12 · 14/10/2023 07:24

Age: 43
Joint income: £100k pre tax
Mortgage: £300k

Need a bigger house but can't afford it. Have quite high costs of childcare and kids activities which I don't want to cut so we make do. Whole house needs refurbishment so saving for that.

Rabbityface · 14/10/2023 07:24

46,51

4.5k

104k

Pipsquiggle · 14/10/2023 07:26

46 + 44
Joint monthly income circa £9k
We had a £275k mortgage, now we have £100k left to pay.

bonzaitree · 14/10/2023 07:28

35
£350 mortgage (yes three hundred)
joint income about 7k after tax.

LiarLiarKnickersAblaze · 14/10/2023 07:34

37
£6.5k
180k left on mortgage. Time left is 12 years as pay off double each month while we’re at our current mortgage rate of 1.48 until 2027.

Flavabobble · 14/10/2023 07:40

I'm intrigued by how many are on well above average pay.

Saltyswee · 14/10/2023 07:46

34
455k left on mortgage
appx 9k after tax combined
DINK

chosenone · 14/10/2023 07:52

47 & 54
5000 per month
100k left on mortgage