How much is your mortgage each month?

[LucyJones]

We currently pay about £400 but are about to move and it will be closer to £850. Just wondered if this is average? tia

jajas !!! is yours under 4?

Hi little minx
original comment/'reply'?! was to the young visitor who posted ages ago!! People forget a low interest rate environment wont erode your high house price (unlike a high interest rate environment)
agree figures all look low how do you get 170 per month in Surrey?
NAO is yours a 25 yr repayment? Is your address Buckingham Palace?

It so depends on what you earn though- Dh brings home £1100 pcm, so some of these would be beyong laughable for us... OTOH unless you live in Cardiff Docks, there's very little in South wales that would cost you that amount- our £595 pcm rents us a lovely 3 bed cottage in a beautiful area.

well not as bad as mumblechumbles (quite) so feel better than I did

it is a worry though but hopefully will work out in the end. % of income is key as is amount of disposable income you have left after bills, even if the mortgage % sounds high it can still be affordable.

Roughly 20% of net income. Relatively small offset mortgage in the south west. I'm in my mid thirties and bought 8 yrs ago so I cannot say that I was particularly 'lucky' to have bought that early. DH & I have always been cautious regarding income/mortgage ratio due to both of us working in IT/Telecoms (neither sector being renowned for job security). However, we do have a relatively high household income and modest spending habits.

it is £2000 a month. We earn £1800 (me) + £2300 (him) a month. So its about 50%. It feels like a helluva a lot more!

just under!!

mine is end terrace yorksire

mine is big terraced in london. love it so much. don;t care how much it costs. though i would really like some wine now and cannot be bothered to go to shop and get some. will perhaps start new support group thread for lazy people.

Bloody hell NAO , how comes its so high for a terrace up north

£1850

peachy - friends live in radyr nr Cardiff and there are some v v expensive houses there

Mine is £300 a month and i am feeling quite good about that after reading this thread

1700

scary when u write it down!!

how much of your net income do you think is reasonable though - I'd love to move to a bigger house (actually just a bigger garden) but would mean doubling the mortgage - is that just plain stupid in this climate tho'...

its big!! its expensive here very expensive

property prices rose 27% here in last 12 months

notanotter - what's big though - no worries here about disclosing whatever under mumsnet name

How do you live when your mortgage is £1000+? We pay just over £200 a month but even though we aren't in poorly paid jobs we only just manage to not go into debt - due to childcare and dp's child maintence (more than twice our mortgage).

it is a big house - end terrace - stone (6 ish beds)
this town is totally overpriced - its a rip off to be frank

£200 a month??? Where do you live? That is one tenth of my mortgage! I feel ridiculously over burdenned now!

we live away from family and just don't go out much - but I guess your child maintenance makes it difficult for you,not that it doesn't need to be paid of course

It's because I bought it before meeting dp (who had his own house), he then sold his house and moved in with me, paying off half my mortgage with the proceeds of his sale.

At least the child maintenance has only another 9 years to run, so I look on it as a mortgage iyswim

£900 south of england

Just a ray of hope... When dc's were small mortgage as % of income assumed nightmarish proportions when I gave up work. Nowadays, allowing for inflation, promotion, pay rises and me going back to work it's around 25% of income even though we've upped the repayments to get rid of it before the boys go to university (if they want to!)

So - what seems hellish now won't be half as bad when you're old like me!