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What size mortgages do people have these days?

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  • YORKSHIRELASS
    YORKSHIRELASS Posts: 6,492 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi, we were lucky to buy our first property 15 years ago when prices were much lower.

    Our mortgage is £60k with 14 years left.

    Both aged 38.

    Monthly payment is 28% of net monthly income.

    I have just had to reduce my hours at work because of my son being diagnosed with a chronic illness. This came totally out of the blue and has had a big impact on our finances. We were thinking about extending our mortgage to do improvements to the house and I am glad now we didnt.
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