% of your take home salary on mortgage payments?

LilacPixie

LilacPixie wrote: »

29% of my income or 12.4% joint.

My mum bizzarly also finds ironing relaxing. I think its the devils doing but hey each to there own.

For me 2 bed flat bought in Scotland, Monifeith, Angus in 2003 for roughly 1.5 times my income, borrowed 100% as it was a shell and needed my little savings to make it habitable. Remortgaged in 2005 to pull out 6k for double glazing. Married OH and had two kids mortgage amount is now roughly 2.5 x my income alone and 0.9x our joint income.

PasturesNew

lostinrates wrote: »

... I love a freshly made bed with lovely linen and now that I'm a grown up think they are very romantic and worth having for that alone, in fact, I'm always very slightly sad for people who don't get the joy of ironed sheets outside a hotel.. I do have cheaper sheets that I use sometimes and they only get a cursery iron, folded, or sometimes I iron the bottom sheet onto the bed, IYSWIM. I actually like ironing, in anycase.

The sort of hotels I've stayed in, I doubt they were ironed ... on one occasion I don't think they were washed.

Linen sheets.... I've never experienced those, they sound hard.

I don't even have a bed, I sleep on a 2-seater sofa.

When I did have a bed, the sheets I buy are cheapest/value Asda/Matalan ones, about £5 each. Usually fitted.... that stretches them so they look ironed.

Anyway, it's only ever me that sees them.

I don't iron anything.

treliac

PasturesNew wrote: »

The sort of hotels I've stayed in, I doubt they were ironed ... on one occasion I don't think they were washed.

Linen sheets.... I've never experienced those, they sound hard.

I don't even have a bed, I sleep on a 2-seater sofa.

When I did have a bed, the sheets I buy are cheapest/value Asda/Matalan ones, about £5 each. Usually fitted.... that stretches them so they look ironed.

Anyway, it's only ever me that sees them.

I don't iron anything.

You are hilarious PN. Couldn't you get a three-seater, you could stretch out then? You're not that short are you?

Phirefly

treliac wrote: »

You are hilarious PN.

Seconded

Linen sheets thats a classic asp interpretation you brighten my day lady.

I read the 1st page and last page of this thread and have no idea how you've come to talk about bedlinen but for what its worth I have super-high threadcount Egyptian cotton sheets because bed is my favourite place. i don't iron them though.

I was pleasantly surprised to calculate that out mortgage repayments are 14% of our household takehome, so thanks OP for prompting me to realise that.

I would be making whopping overpayments, but the Grand Plan currently has us building a savings pot for a deposit on 2nd property...

saver1986

i had a meeting with a mortgage advisor at skipton the other day and they would only be comfortable with repayments being MAX of 50% per month (after tax, i.e. if you make £1000 per month after tax, £500 would be the max payment you could make) but to get this you need to return an almost perfect credit score. 40% tends to be the figure they aim for.

I've had a few meetings with different banks, and no one else has mentioned the % of salary against monthly repayment - is the way skipton do it the rule or the exception to the rule?

PasturesNew

treliac wrote: »

You are hilarious PN. Couldn't you get a three-seater, you could stretch out then? You're not that short are you?

It's a furnished studio flat. There's not enough room for a 3-seater. It's tiny.

LouBlue

Mortgage is about 12% of joint income.

LouBlue

JayScottGreenspan wrote: »

Life's too short for ironing sheets. If you start ironing pants or hankies it's time to call for help.

Totally agree. Way too many better things to be doing.

pink_princess

4.64% I thought that was bad until reading this.:eek: :eek:

Stephen_Webber

pink_princess wrote: »

4.64% I thought that was bad until reading this.:eek: :eek:

percentage of salary spent on paying the mortgage, not the APR. Or do you have a huge salary or tiny mortgage?