Mortgage debt as a % of income

229 Posts
Morning,
Just to motivate me to continue on my journey, I was wondering what your % mortgage debt to income is?
When I took the mortgage out I was earning £21,000 and borrowed £130,300 = 620.5% :eek:
At the moment I earn £26,160 and owe £121,800 = 465.6%
Still high but it's coming down
Just to motivate me to continue on my journey, I was wondering what your % mortgage debt to income is?
When I took the mortgage out I was earning £21,000 and borrowed £130,300 = 620.5% :eek:
At the moment I earn £26,160 and owe £121,800 = 465.6%
Still high but it's coming down

Original Mortgage Debt - £130,330.
Current Mortgage Debt - £116,605.
2010 O/Ps - £5,000. 2011 O/Ps - £1,978.42.
Original Loan Debt - £6,000. Current Loan Debt - £3,500.
Original HP Debt - £1,000. Current HP Debt - £240.
Current Mortgage Debt - £116,605.
2010 O/Ps - £5,000. 2011 O/Ps - £1,978.42.
Original Loan Debt - £6,000. Current Loan Debt - £3,500.
Original HP Debt - £1,000. Current HP Debt - £240.
0
This discussion has been closed.
Latest MSE News and Guides
Replies
Of course, I'm buying another place at the moment, so that pushes it to 790%... I'll find a second job, perhaps? :rotfl:
Mortgages (94.7% remaining) - NW: [strike]92516.94[/strike] 87565.40 @3.19%; HBOS: [strike]65599.57[/strike] 59106.45 @4%, [strike]69251.57[/strike] 68589.97 @3.49%
Total amount of fail: Dangerous (223263.66)
790%!!! Wowsers!! As long as you can afford the repayments I suppose!!!
Current Mortgage Debt - £116,605.
2010 O/Ps - £5,000. 2011 O/Ps - £1,978.42.
Original Loan Debt - £6,000. Current Loan Debt - £3,500.
Original HP Debt - £1,000. Current HP Debt - £240.
These figures sound scary but as above as long as you can afford the repayments no real worry!
Mortgage Balance - £189,662.09
Credit Card Debt - CLEARED
LOAN - CLEARED
Northern Rock at one time offered 7 x income to me!!!
You sound lucky! :-)
300% of gross per year and 31% of take home per month - house hold.
500% of gross per year and 54% of take home per month - mine
P.S. hope people realise that if they give their mortgage value and percentage we can work out your income! Some people might be cool with sharing that anyway!
Current Mortgage Debt - £116,605.
2010 O/Ps - £5,000. 2011 O/Ps - £1,978.42.
Original Loan Debt - £6,000. Current Loan Debt - £3,500.
Original HP Debt - £1,000. Current HP Debt - £240.