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What size mortgages do people have these days?
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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.0
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