Age/Salary /Mortgage?

[Whyohwhymewhy]

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

42
joint take home £3100 pcm
mortgage £100k left (only fixed until next year 😬)
live in affluent SE area where we are one of the “poorer” families. Have to constantly give my head a wobble to remind myself how lucky we are!

51
£100k joint income
££150k left on mortgage
Great pension + husband has full military pension

34 and 31
Joint take home around 4k pcm
Mortgage 188k left, £730 pcm fixed until 2027. Term is... well, may as well be forever 😁

Outgoings can be low. No kids, so no childcare, just one very spoiled cat between us

Banking though I work really long hours and work/life balance is poor.

49
3.5k (single part time income after tax and pension)
35k left, payments £1100

@Mortgage62 consulting and healthcare in London. Our mortgage and outgoings are huge though to live in our area.

53
£3k pcm
£0 mortgage

Me 36, husband 39
5000k pm
99,000 left to pay on mortgage

49
Joint income £9k
Mortgage £120k left

Live in Scotland so that gives us a lot of disposable income which mostly goes into pensions, savings and on holidays.

But we still have 2 children to put through uni to come.

Late 20’s.
I am mainly self-employed and a sole earner so it varies but in general 5-10k per month depending on the month. (A little over 8K currently)
I am mortage- free (though have a small interest-free private debt, for some renovation work on the place that should hopefully be paid off by the end of 2024 and amounts to less than 30k), and I have started looking at potentially getting a mortgage on a second property to rent out (but that likely won’t happen for the next two years, as just bought and pretty much emptied my accounts so need to build a deposit back up).

Joint income 12.5k
Mortgage 900,000
Age 32

Plan to overpay the mortgage soon!

51
4.5k pm
0 mortgage

I'm in banking and DH is in data engineering.

I honestly can’t believe how low these averages are and how people can afford to live anywhere!

36
Net joint monthly £5k
£160k mortgage left

Business Coaching here - generates 1.3M a year with 45% net profit. I take a lot of measured risks. Didn’t come from money. Uni dropout. Don’t work harder than a nurse or teacher tbh. My skillset is in demand and I have a very niche market who have the money to invest in their development.

28
£7k pcm combined with DH
£220k left on mortgage but our first house, we will be upsizing in a few years

32
when working full time around 65k a year
4 bed house - no mortgage but I didn’t buy it.

39 and 43
Joint monthly 7k ish.
Mortgage left 230k.

We do want to move to the final one though next year, but we would end up with a mortgage of around 500/600k. Which doesn't seem sensible given our age. Conflicted.

40
5k ish per month after tax and pension
100k left on mortgage.

in forever home though: and could happily downsize to a flat with no mortgage

Honestly, christ.

This makes me feel so bad about our combined £3800-4000 after tax (depending on month). Surely someone else is earning this kind of figure.

33
Joint salary 52k
Mortgage paid off (hope to move to a bigger property though so hopefully we'll have another some day!)

41

Joint net take home 10k

We rent at 1600pm because a two bed in London would = mortgage of around 400k and we'd have to work till we're 70. Instead we're going to save like mad and buy a small retirement cottage in West of Ireland outright, all going well..

Massively above average. Top 10% at least.

It's no wonder many posters are clueless as to the harsh reality of life on benefits on some threads.

39
Joint net income about £7.5k
£380k left on the mortgage, £1,290 pcm on a very good fixed rate but we are overpaying as it will rocket when the fix expires.

We seem to have comparatively high mortgage debt compared with many others our age which surprises me given house prices.