How large is your mortgage?

[chuckiecheese]

Currently mortgage free but looking to move house in the next year in order to buy a 'forever' home. Our house is worth between 350-400k

To do so we would need to take out a mortgage, DH wants to go up to £200k but I am worried about this & want to take less.

Wondered what 'average' household owes in mortgage!

£285,000 mortgage. House was £400,000. Rural Oxfordshire (15 mins from city). Mortgage £1000 pcm fixed for 3 years on £185000 and 10 years on the other £100000.

Ours is around £115 k, payments are 18% of our combined (not high) salaries

We pay a quarter of our take home pay each month. I feel it is manageable due to childcare costs etc.

I've name changed for this as i don't want this to be quoted against me on other threads!
Our mortgage is £700k 😳
Occasionally I think about it and it makes me dizzy-I grew up in a home currently worth £60k so I haven't told any of my family. However, it was our dream home- the house we walked past admiring for years. In London, backing into a park, 5mins from the train station and close to children's schools.

I'm not too worried. We have £800k equity and the repayments are 1/3 of our combined total take home pay. We pay school fees through bonus and share options which weren't taken into account when getting the mortgage.

We're insured up to the hilt for death and critical illness though.....

Ours is currently £200k on a household income of c. £100k. We're selling and buying somewhere else in outer London with a mortgage of £350k and a LTV of 50%. Our repayments will be approx 1/4 of our monthly income - slightly higher than they could be as we've chosen a long term fix on the interest rate.

My mortgage is 50k, the house is worth about £600k, I have 5 years left but would like a new kitchen and the whole house needs decorating but I don’t want to add to the mortgage as we retire in 10 years, decisions, decisions

£10K mortgage left on house worth £280K. Once paid I will never, ever borrow money again...I've hated every second of having a mortgage.

Your op is pointless. It's like people who ask 'what time do you go to bed' when it reality there are so many factors determining that and mortgages

Exactly. The few dozen replies to the question on a site that is frequented by disproportionately affluent users who live in above average value properties tells the OP exactly nothing about what an 'average' mortgage is.

My inner statistician is weeping.

For balance our house is worth around £150k and our mortgage is currently around £37k.

Actually most mortgages mentioned on this thread aren't that high.

I'm mortgage free and to move back to my home town, I will need a mortgage of £60 - 100k. I love being mortgage free and not sure I can go back to having a mortgage.