How much is your mortgage?

[Birchwoods]

How much is your total amount owed and what are your monthly payments?

I know the answers will vary hugely but I’m curious as to what other people pay.

Our outstanding amount is £275k and we pay around £1600 per month.

I am 33, DH 38
mortgage of £380k
payments are just under £2k pcm

Love seeing all the over payers on here. Mine is zero, paid off at 50, ten years ago, by doing overpayments like some of the previous posters. Just a couple of hundred quid a month and a 25 year mortgage was paid off in 17 years, despite doing a couple of remortgages and borrowing extra for extension and loft conversion along the way.

£186k mortgage and £1150 monthly payments. Our interest rate was quite high.
Just remortgaged with a lower rate and our new payment will be £1250 but term reduced from 27 to 18 years 🎉

£202k and currently £1105 but increasing to £1305 in March as we came to the end of our fixed deal. Feel like it's a lot but that was all that was available. 18 years left. We will overpay at some point though and hopefully get it down.

£209000 and 1300 pcm

That's good. We are overpaying to try to get down into the 65 LTV bracket, but it depends on the market as to whether we manage it or not.

Zero, paid it off 2 years ago. Best feeling ever. Before it was £1150 a month but that was higher because we chose a 10 year repayment, he’s now retired which we couldn’t do until it was paid off

£2800 a month with 7.5 long years left. Super flexible mortgage but have taken out sums over the term for various things eg pay debts , Christmas etc. I don’t want to change it as the flexibility is good!

Mortgage balance of 83k
Pay £708 per month
We Overpay 10% per year
Term remaining 12 years but will pay if off when the fix finishes in June 2027. We have the cash for this sitting in savings. I am 49 and will be mortgage free by 50. We have always overpaid.

36yrs old. Bought this house 8yrs ago.
Outstanding mortgage - £165K. House is worth about £475K
Payment - £700 (still on low interest fixed rate, which ends Oct)
Overpay - 10% per year

Hi. I’m interested in asking a personal question if that’s okay. Are you high earners? My partner and I have a joint income of over £5500 and looking at a 550K property with a £2000 month mortgage but wondering if we could afford this if I were to go part time as we want kids in the future

Yes, we are both high earners now. Gross annual income of about £350k. We bought the house about 7 years ago for £650k. At that time salaries were much lower - maybe £175k total in a good year. Now we earn more but then spent about £200k on an extension and had a child, so outgoings have increased significantly too!!

£95k £630

Ours is 25% of income on a 15 year term in our late 30s. It’s going to increase a fair bit when our fix ends next year - planning to extend the term but overpay for more flexibility.

Property value £915,000
Remaining mortgage £90,000
Monthly mortgage payments £660.

No, you can't afford it, if the 5500 is with your full time salary and you are planning for it to go down. Ours was 2700ish and I really can't imagine paying it on 5500 monthly income.

We’re just remortgaging now as we’ve bought a larger property, so it’ll be 390k, 2k a month and a 30 year term.

45 years old
£99k left on mortgage and overpaying a lot each month with aim of clearing it in 16 months when current fixed rate ends. Will be mortgage free 10 years earlier than original term and will then start ploughing more into pensions and isa’s to retire early by mid 50s. ( Or at least transit to a lower stress part time job).

I'm very lucky. Zero mortgage. I bought the house outright when I was 40. Cost £152k. A right mess. Now worth double.

£600k house, £275/m mortgage (2 divorcees buying together and a critical illness payout for cancer which is clear now)

£70K, £508 a month with 16 years remaining. Going to reduce my term again soon

About £43,000 left, and we pay £596 per month. We've just under 7 years left on it, which ties in nicely with me retiring just a couple of months after that. I might work on either full time or a couple of days a week.

£0. Downsized considerably 2 years ago to clear it.

£1.8m - 3 mortgages in total around £300k, I think we pay around £2800/month. Last one will be paid off in 10years.

230k, was £930 a month on 1.64% up to last month.
Now £1184 a month on 3.74% for the next 5 years