How much is your mortgage per month, rate and location

[Updatesharing]

Yes, I recall there was a thread titled how much is your mortgage vs equity. As thread went on, op wanted pp to also state where they were located.

i contributed and OP especially was very complimentary of me.

Yes, made a huge amount in work, when a lot younger, bought the biggest house ( was also fine inside) on best street and lived with 2 flat mates.

i recall my mortgage was huge, in fact mortgage was 1 million although equity was also high.

yes, occasionally, I would wonder what I had done when thinking of the amount. Good news, after nearly 6 years since buying and the rough time we have had with interest rates, I can now confirm I can now afford my still huge mortgage on my own salary. Salary has caught up, nicely :-) Still have some other investments I could liquidate if needed cash. Yes, this was my forever home.

so, those struggling to buy, or move to forever home, please think out of the box. If young, please consider sharing while saving up . good luck

Good for you but I don’t think massively overstretching yourself in the current climate is a brilliant idea. A lots of people’s salaries don’t ’catch Up nicely’ and interest rates are extremely unpredictable. I do however think that getting a flatmate is a great idea when you first buy. After I got married, my husband had a career crisis and we had lodgers to help up get through a tricky period.

Thinking outside of the box regarding a mortgage only works if you can afford it in the first place.

It won't take much of a fall in prices to wipe out the last 6 years of capital appreciation though. That's looking quite likley and its why the market is stalling. For you with a significant amount of equity that won't be a problem. But for people who stretched too far it will be an issue unfortunately.

You had a one million pound mortgage and are encouraging others to overstretch themselves?

What a weird tone deaf post.

I don't think this is a person posting.

Who is it then? Just seems like someone just wants to boast about their salary and that they can afford A 1 million pound mortgage

Last time I put the acronym into a post on here, it got automatically deleted. So, take the capital letters of Auntie India.

Exactly, house purchases made in the last few years are losing value fast, and there is only one way mortgage rates are going.

https://www.econotimes.com/JGB-Yields-Breach-2008-Peaks-Japans-Debt-Market-Turmoil-Sends-Shockwaves-Through-Global-Liquidity-1737135

There are also increasing warnings about stress in private credit markets, we are definitely sailing into a perfect storm for debt users, very few people will want to do what the OP did now.