How big is your mortgage?

[DumbledoresGirl]

I know this is a cheeky question to ask and I have thought long and hard about it as I know I wouldn't want to answer this question online. However....

dh and I have just been filling in our tax returns form. We have what many would consider a very healthy income. Yet we struggle monthly to make ends meet and I am at a lost to know why. We think it might be our mortgage and I am wondering whether our mortgage really is so much more than other people's. Now I can't ask my firends and neighbours so maybe I can ask Mumsnet.

Without mentioning figures, is anyone prepared to say what percentage of their income goes on the mortgage? Or put it another way, what size mortgage did you have based on your income. Not explaining this very well! OK, I will come clean and say that when we took out our mortgage, it was 4 times dh's salary (I don't earn).

Message withdrawn

Message withdrawn

Oh yes, we have it covered YG. Good point though for others.

Yorkiegirl {sad]

And I was about to post about how we can't even get a mortgage

Agree re offset mortgages - we had one on our last house and we paid off masses of it without even trying. We couldn't get the mortgage we wanted in offset format this time (we wanted more than set income multipliers allowed at the time) but will deffo switch to one when we can.

ZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzero!

and after we've built our steel framed colorbound walled and rooved 60sq m shack in MIL's back yard it will still be zero leaving us free to get an investment property.

About 10%

£300 pm on income of £3K

About 25% of net pay. We're old though....

Zombie!!

But I’ll play.

22% of take home pay goes on my half of the mortgage (£525) which is 1.64x my gross salary.

Anyone from 2006 still around? How have things changed??