Who wins the prize for the biggest MUMSNET MORTGAGE?

[NotAnOtter]

I am in the process of moving and dp and i are debating borrowing the most hideous amount of money - basically over 5 or 6 times earnings.

Anyone care to share ( feel free to name change!!) what horrors they owe?

Go on - make me feel better!

Can I just suggest we all use the Mumsnet houseswap forum this year for our holidays, sounds like we could all use a cheap holiday and there are some lovely-sounding houses out there.

We moved last yr and went up to 4times DH's salary, our overdrafts are just starting to swell now. We were lucky to get on the property ladder just before the millenium so our loan-to-value ratio is quite enviable to our old schoolfriends just buying their first home.

Notanotter.. my mum still lives up there.. in Burley Woodhead. I miss Ilkley

well ours is 175k, part interest only part repayment. I don't win the prize but it still feels large to me! We did have a smaller mortgage til we moved house... this is an expensive area but we don't want to move due to the good schools and our friends. When we moved we never really thought about extra bills, council tax etc... dh doesn't regret it but I do sometimes.

bagsy olive's house! promise I won't bring the cat or dd!

we're under mortgaged. owe less than half our annual earnings. we could have a substantially nicer house but (in the words of Jack Johnson) we've got what we need and what we need is enough. consider the disposable income plus the freedom (if we really wanted to leaving our jobs for a bit/changing them/reducing our hours would not be the end of the world) worth much more than a bigger/better house. I think 5 or 6 times is madness. and it absolutely is not a way of saving money btw. those huge monthly bills? they're interest. ie large amounts of money down the pan.

Ooooh themoon, I was brought up in Menston!! Lived there for about 25 years.

Menston is just as expensive these days too!

gosh yes and that hideous high royds village malarkey - the new build prices shocked me!

I lived opposite that High Royds when it was still a hospital and left the area (for Scotland) before they started building. Been back a few times to visit and I'm so glad we left the place!

ours is probably about 5.5 dh salary but we had no option it was that or be homeless, rent on equivilent properties was higher. We have 4 children are in an x council house with two reception rooms (one used as a bedroom) wish we didn't have mortgage as big and compared to most its peanuts and we won't pay it off until dh is retired.

No mortgage here - but we moved north and bought with my Mum, we're in the process of changing the use from Hotel to house. There is loads of room for us to have large separate dwellings.
I would encourage anyone to try and pay off the mortgage asap because the not having to pay for a roof over your head each month makes such a difference!

NAO - you were asking about size of mortgage, not about value of house. Xenia is still winning, even if her mortgage was to buy an exhusband not a house.

guess so!

£180k on a house worth under 400k so not too bad but it is enslavinng. Sometimes I think he house owns us.

(said in deadpan motherly way)

Olive, what did you do?

come on - you will feel better if you tell us - we wont be cross....

Use your imagination girls

Now I know I said I would not be cross but REALLY Olive!!!

Still If it paid off that mortgage....?

Well dont do it again!

Boolocks to olias call grils past

he si farking mills mccartney in disgiuse

less of the language pleae

Ha Ha @ codmumsnet

I am going to be in so much trouble when Olivia sees this

Please refrain from casting aspersions on the previous lifestyle choices of those in office at Mumsnet towers

Face facts Madame, we are all ex-call girls out to make a quick buck from the unsuspecting husbands of Mumsnetters

Youre on here, guess where he is? MWAH MWAH MWAH

..and I didn't say what my house was worth....not that I like this at all.