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?

3 double bedrooms and a study downstairs. Master en-Suite, level rear garden and two parking spaces. No garage. £1450 pcm in Devon.

1650

1400 3 bed mid terrace, no drive. Zone 4 London.

@PrioritisePleasure24 surely that’s not a good thing for first time younger buyers though ? And considering job prospects and wages aren’t as good up here ?

£700, we're in Cambridgeshire

My mortgage is hideous. I'm a lone parent. Fortunately, I locked in a fixed interest rate at a fairly low level which will continue for a few more years but even so I pay around £2,700 per month, currently. It's not an extravagant house. A normal family home.

I'm envious of the situations described by posters who either can live in much cheaper areas or clearly are older and bought their houses for peanuts compared to what someone would have to pay for a comparable house in the last decade or so.

That's awful, so sorry. How do they make you a mortgage prisoner - what's the scandal here?

£575 for a 3 bed ex council end terrrace house on outskirts of Glasgow. Front and back garden, drive for 2 cars and garage, quiet area with no issues. Only downside is the local schools are poor performing.

770 pounds per month for a 3 bed semi-detached in the Home Counties - 3 years and 10 months left on a low interest 7 year fixed mortgage

So sad that most people don’t even know about it. We are suffering in silence and it is suffocating . Lord Sharky is pushing for a public inquiry but it is getting too late for a lot of us

3 bed semi detached new build, no garage but huge drive and garden - £540 a month.

Thanks! Had not thought about that.

Jesus!!!!

That’s awful. I knew vaguely about mortgage prisoners but didn’t really understand why or how it happened. And I still don’t fully because it just makes no sense who the government sold them off to. I’m sorry - I hope you find a solution

You should have asked ages too!

we have left our house to go to rack and ruin and the repairs now will be al ot

can you. explain that a it more - what do you mean by fully offset it ?

Old thread- but Offset Mortgages mean that whatever you have in savings is "counted" against your mortgage, so for 10k in savings you won't pay interest on 10k of your mortgage. Speak to your mortgage broker!

EDIT
Deleted comment as rather pointless having not noticed how old this thread is

Ours is currently £694 a month, fixed term ending and going up to £790 soon as interest rate has gone up. Mortgage is going to be £86k and 11 years left on term.

Sorry @LucyLoo1972 Have re-read thread and what the poster means is you are paying next to no interest on your mortgage- put it in a savings account instead of overpaying and you will earn interest on it- find the sweet spot and you could have enough saved that you are earning more than your mortgage payment is!

I guess you'd need quite a big savings pot to earn that much interest. ive made so many financial and stupid mistakes in my life when I thought I was being so careful and sensible. it makes me so so despairing

It’s so difficult to compare really as different regions of the country / interest rates / how much equity you have etc all make a difference.

We live in the South West. We have a 3 double bed detached house and pay around £350 a month with an interest rate of 2.1 % and we own around 2/3 of it now.

But our previous home was a 3 bed (1 double, 2 single) end of terrace which we purchased in 2009 was nearly £800 a month and a high interest rate 🤷‍♀️

ah ok. yes we have one of those mortgages actually

Exactly the same as you OP except we are in Bucks