How much do you pay on your mortgage?

temba

Apologies if this has been done before, but I'm just interested to know where my mortgage fits in with everyone elses. I'm not talking about overpayments - just what you have to pay per month.

I pay £361, and that is a repayment mortgage, currently at 3%. I have just reduced my mortgage, so it may come down I guess in the future, but that is what I've been paying until now.

~Beanie~

£254 on a repayment mortgage of just over 5% - can't remember the exact interest rate atm.

z1985m

£600 something. don't know what kind of mortage it is...... but its over 35 years and its on £100k with 5k unsecured loan.

I should really have a read of the papers. (i did when we first took it out, but it was all gobedy gook to me, think i might understand it better now)

bkca1230

hi we pay £376 repayment 4.79%.fixed now for 5yrs.

caracal_77

Not sure what's the point of this thread... if you're talking about a percentage of income, then that has a point but to just say "I pay x every month on a y percentage mortgage over w years" is a bit pointless IMHO.

Kavanne

£269pm. Tracker @ 1.25%. However I am also paying £100pm into my Halifax guaranteed saver which is giving me a 6% return. Hoping for a tidy profit to overpay with!!

maveli

£73.00 on 120K mortgage. interest only

temba

caracal_77 wrote: »

Not sure what's the point of this thread... if you're talking about a percentage of income, then that has a point but to just say "I pay x every month on a y percentage mortgage over w years" is a bit pointless IMHO.

I just wondered if what I paid was low or high compared to the "average". That's all. It seems that I'm about average. I know it's not really a comparison unless you work out the percentage of an average salary, but it was just out of interest.

All you hear about in the press is of people with really massive mortgages and people who've withdrawn all the equity from their properties. Also both my brother and sister pay around £1000 pcm, so I wondered if my mortgage was really small or if I just have siblings with above average mortgages, and it seems to be the latter.

Thanks for joining in, all those that did.

beecher

£311 on a repayment mortgage, just fixed at 4.54%

threekings

£800 pcm on offset mortgage. Paying off £120,000 mortgage in 20 years.

POSSETTE

88k mortgage half repay half endow..in middle of 10yr fixed at 5%..pay 650 month