How do you pay for your mortgage or rent each month??

[WitchyWay]

Sorry - how much do you pay

Every now and then I get a streak of fear about our new mortgage commitments. I'm hoping seeing what people are paying will make me feel better about it 😂😬

I'll start, new mortgage will be £1900 per month. Will go up on 2 years when our partial low interest rate runs out.

What are you paying?!

£1000. It will be more like £1500 when the renewal comes at the end of the year.

£650 a month on a 5.09% rate for two years. 4 bed detached with garage and large garden. Derbyshire

It's about £1,300. 4 bed semi-detached, big garden, drive in Kent. Will be paid off in 7 years.

Rent, Midlands
1 bed flat,
£645 pm 😭

£1250ish at the moment but part of it is on a 6.18% variable rate. It needs fixing when the rates drop but they aren’t good enough yet. The rest is on 4.05%.

Small cottage, very expensive Rutland village.

£600 rent on a three bed terrace in a very deprived area. House is full of damp and landlord refuses to do many of the repairs necessary (have been to the council a few times).
Threatened with a section 21 when I said I couldn't afford a £200 rent increase when it had already gone up £50 (was £550)

Im a single parent on NHS band 2 wages, basically minimum wage and I'm absolutely dreading the impending rent increase

The only way I will ever own a home currently is when I inherit, and I'd much rather have my mum than a house

We pay £1800 a month for a 5 bed semi in the south east. But we overpay the mortgage to try and pay it off before the very low rate ends in 18 months time.

My mortgage is £280 a month for a two bedroom flat. Aware I'm very lucky and will never be able to move.

Mortgage payment is £2150 on a 3 bed semi in zone 7! We overpay though so our current payment is £2500 a month.

We are very lucky, after years of having a mortgage and then overpaying for a while, we have paid off the mortgage and now paying £0. Luckily it coincided with having 2 at university which was a lifesaver.

Mine is £265 pcm plus about £100 in protection insurances (I'm over 50, self employed, earn about £25k). Small semi detached cottage with big garden, semi rural, Devon/Somerset border.

£650 a month for a 3-bed semi in the midlands.

Just over £2000. And that’s at 2% 😬

As a Londoner, most of these responses are making me cry 😂

We're £2,200 for a 2 bed flat. Not even central London, but Hertfordshire border.

£800 but overpay an additional £600.

Managed to snag a 5 year fix at 1.05% just before the rates went crazy.

£930 for a two-bed terraced house in an expensive Yorkshire city. We remortgaged last year after coming off our fixed rate and got a 5% rate for two years. About twenty years left on the mortgage. Monthly take-home income is £3.4k (DH full time, me part time).

We’d like to move to a 3-bed house to have a spare room to WFH, but the price jump from two bedrooms to three is high and I’m cautious about taking on a bigger mortgage with prices of everything else going up too.

I think our mortgage payment is around £970 but we overpay slightly and round up to 1k. We are very lucky to be on a five year deal and fixed when rates were low.

Ours was £900 but it ran out in Jan and consequently it is £2300.

We won’t be able to do this for much longer 😢

I pay more than the OP. Mind you, I'm probably considerably richer than the OP, too. So her question is absolutely meaningless.

Nothing, paid it off last month!

Sorry, not helpful, I know. But it has been a long time coming!

Nice!

£1765 pcm rent, East Anglia. 3 bed detached.

Congrats! We're mid 30s and have had to extend our mortgage term. But I'm very grateful to have a property, I realise that whilst it was easier for the generations before, it's going to be dire for those looking to get on the ladder now and in the future.

Our plan is to downsize when the kids are at uni to provide deposits for them when they need them. Or contributions towards them anyway.

£1700 on a 3 bed semi in the Midlands. And that's at 2.85%, really not looking forward to what the rate is going to be when we remortgage in 18 months.

315 for 3 bed house in a great area. But we had a hefty deposit