How much is your mortgage a month for a three bedroom house?

[Loulandix]

Interested to see differences.

We pay around £1700 for a three bedroom detached new build a month with garage and small driveway. Not very big & small bedrooms. We live in Essex. It was £1400 until a few years ago when interest rates went up.

What does everyone else pay?

£1043 , 30 year mortgage though & put down a hefty deposit

Ours is under £70,000 but we have less than 5 years left to pay it off. Not sure what to do with it tbh. We are currently paying £350 interest only plus £600 overpayment.

Around £1500 a month for a 3 bed semi in the SE.

Pretty pointless question. Impossible to compare without a lot more context.

For example a 3 bed that someone bought 15 years ago in a small northern town would probably be costing them about £200 a month.

If someone had bought a 3 bed in Greater London last year they’d probably have a mortgage of about £5000 a month.

£2300, 5 bed semi Zone 3 east London

Meant to say also Victorian house with large garden

ETA: my reading comprehension is very bad as just realised the question was about 3 beds, sorry all

6 bed detached grade 2 listed building with an acre of land and parking for 12 cars.
£1020 per month
(but will be mortgage free in 13 months time)

(Will continue to pay a small fortune for home insurance and utilities)

Let's say you still owe £250,000, to remortgage at a current rate of say 4.5%, as a capital repayment you will be paying around £1770 pcm. So that at least £800 more a month. Blame Liz Truss. Good luck btw
.

You are looking at £2075 per month at 4.5% capital repayment on a mortgage of £292k over 25 years. So that's an increase of £675 pcm extra. Good luck 🤞

Whereabouts in Essex are you op?

I pay £750 a month for a 1 bed flat in the Midlands . People have mortgages for a 3 bed house on this post for cheaper than my rent 😭

3x bed semi in a main city suburb in Scotland, good schools, 10 minute train to city centre, driveway for 2 cars.

£1100 per month 85% LTV.

3 bed detached up north with garage, bought for 155 10yrs ago. Mortgage 640 with 18 years remaining. Now worth 330k if we sell, so a first time buyer would pay a lot more.

We pay £1450 per month for a three bed terrace that we added a fourth bedroom to via loft conversion. The reason it’s so high is because we shortened the term, so we only have 4 years to go and £60k remaining. We also got caught out by the higher rates - we went from 0.9% to 5.9% so that made a huge difference.

We keep toying with moving - we’d love a second reception room, larger kitchen/diner, a utility, parking and a bigger garden. I can’t bring myself to take on more debt though.

2k plus zone 4 north london. Fix ends early 2026, plan is to pay it down with a large lump sum and significantly reduce monthly payments.

I check right move regularly and we went to see a House yesterday. DH is never interested but agreed this looked worthwhile to look at, was on for 1M. I preferred our smaller house so will work on reconfiguring this so it works better for us and stick to original plan of paying mortgage off instead of moving for larger mortgage/house.

It’s risk based though … if you don’t pay your £1k a month rent you get evicted after 6 months. A £1k a month mortgage is asking to borrow hundreds of thousands of pounds over 25 year’s and still be able to pay if you lose your job , pay for repairs on house , multiple change in circumstance’s , having kids , paying child care and still afford to mortgage , which is very different, also market factors come into play if deposit is small and house values drop , negative equity means mortgage prisoner.
borrowing a massive amount of money over a significant amount of time and paying rent month to month is a very different risk

We’re in North America and mortgage of 2k per
month for $1m cad home - a very normal type house , detached 4 bed but in our area is relatively cheap compared , we love probably equivalent of London prices to income match - it’s around 34% of net income …. We were almost mortgage free before we moved here ! However 50% ltv so not too bad considering

£4500 per month interest only on 9% with Landmark Mortgages. Mortgage prisoners and can’t get out of it. Losing our home of 30 years. Financial Ombudsman thinks the rate is fair. The injustice of this is making me ill. So sad that most people are not even aware of what families like us are going through. Next big national scandal

£2400, 35 year mortgage, fixed at 4.17% for five years. I'll let you guess where we are. I only hope rates drop before we remortgage.

£550 a month. Borrowed £140k fixed at 0.5% until 2030. We need to overpay more often between now and then.

Please tell me you're not overpaying a 0.5% mortgage?

That like winning the lottery and burning the ticket.

If you put £14k in a savings account your mortgage would be interest free. Double that and your mortgage is earning you over £500 a year. Fully offset it and it's about £6k.

Also in Essex, 3 bed , 3 reception, Edwardian semi, with driveway, garden is about 100ft. Ours was 1472 but has gone down a bit and will do so again (tracker) so now pretty much 1400 but we over pay 100 a month , 18 months ago it was 950! Bought 8 years ago I think we're about 55% ltv, would be better but when we renewed the mortgage we took a little back to do some renovations, but when they're finished the house value will improve so it's all swings and roundabouts

They already own part of the house. If they have say 40% LTV then you'd need to compare their mortgage payment (after deducting buildings insurance and maintenace costs) to 40% of the rent payment.

House was £180k but we paid half and mortgaged half. Three bed semi north west england. 8 years ago. Houses on same estate now going for 100/150k more!!

£850 at 4.2%. Bought as a steal during lockdown with a good deal up front. Hopefully paid off in the next 10 years.