Mortgage Payments - WHat Do Feel Comfortable Paying

[Old Greg]

Mrs OG and I both work. I am comfortable with a mortgage level that I could afford if Mrs OG wasn't working and I had to take a 50k p.a. permie job.

[Old Hack]

Yeah but after 5 years we can buy up whole Northern towns
No wonder you are StuckintheUK

2 bed bungalow £375k in reigate. You just get used to the prices.

Currenty looking at a house here, 8 beds, outbuildings, 3 acres, stunning house and gardens.

£725k

[AtW]

Mrs OG and I both work. I am comfortable with a mortgage level that I could afford if Mrs OG wasn't working and I had to take a 50k p.a. permie job.

Have you factored in a mistress and season ticket to local football club?

[Old Greg]

Have you factored in a mistress and season ticket to local football club?

Mrs OG knows she can only have one or the other.

[MarillionFan]

Most I've had on a personal property was 2k a month interest only. (Same one as I have now) and that was at interest rates of around 5.5% (or 0.5% above base as is my lot). I personally thought that was a lot.

Since then interest rates have come down and now the same mortgage is about £350 per month.

I have been offset since they first came out, and always preferred the approach to have the equity immediately accessible and grow that by any means.

3k a month on £550k at the percentage rate you state would tulip me right up personally. I wouldn't do it.

[AtW]

Most I've had on a personal property was 2k a month interest only. (Same one as I have now) and that was at interest rates of around 5.5% (or 0.5% above base as is my lot). I personally thought that was a lot.

Since then interest rates have come down and now the same mortgage is about £350 per month.

So that's the face of the man who shafts savers!

[Old Greg]

So that's the face of the man who shafts savers!

You backed the wrong horse and you should pay, or else we will have a moral hazard.

[Gentile]

Mrs OG knows she can only have one or the other.

Does your husband know?

[Old Greg]

Does your husband know?

Ssshhh, he's a jealous type and goes through my PC.

[alreadypacked]

Does your husband know?

We have men, women and CUK laydee, who are not sure or both.

HTH