Your mortgage

[BumbleBee]

What kind of property do you live in and how much is your mortgage per month? When did you buy your home? Sorry to be nosy, I know it's rather a personal question so I'll go ahead and answer first...

I live in a three bedroomed mid-terrace house with kitchen, lounge, two bathrooms, conservatory and large rear garden. The mortgage is £637 pcm and we bought the house in April 2007.

[girl with sharp teeth]

2 bed terrace, bought end of 2005. Actual mortgage should be £555 PCM but we are overpaying on it.

[Glittery]

We live in a 2 bedroom semi detached bungalow, has the usual bathroom, lounge, kitchen, back & front gardens.

The loft is in the middle of being converted into another bedroom too.

Mortgage is I think £390 a month, we bought it in 2004.

[Olive]

I've got a 2 bed semi, front and back gardens, massive hole where there was once a garage, etc.

Bought spring 2005, mortgage is abour £390 p/m, depending what the interest rate feels like doing.

[Knee High Stripy Socks]

pssh Kaff can we rent your house next year? That's £100 less than we pay on rent!

[Olive]

pssh Kaff can we rent your house next year? That's £100 less than we pay on rent!

The rent on it is quite a bit more than the mortgage! I'd like to say I make a crapload of money, but I don't - still have loads of outgoings on it at the moment, so am barely breaking even.

[Knee High Stripy Socks]

:( ok then


(I remember it's more because we talked about it aaages ago when you came round. Oh and I still have your crochet stuff!)

[g_angel]

The apartment I own is a two bed in a converted mill. Stunning. 8' high sash windows, exposed brickwork, vaulted ceilings, room to room surround system + plasma, remote control lighting system etc.

I let my brother live in it as it's up North and I'm in London. Bastard.

Bought it the back end of last year and the mortgage is £660/month, interest only.

[snapping_crocodile]

I live in a 3 bedroom semi-detached in a quiet cul-de-sac. Got a lounge/diner, kitchen, 3 bedrooms (obviously!), along with front and rear gardens, and a drive and garage. Brought in April 2007 and my 100% mortgage sets us back £800 a month :)

[katralla]

I'm renting myself, but for comparrison I'll let y'all in on my friends' latest purchases.

Example One -Large three bed semi, ex-council, small front and back garden, double drive no garage, bought Jan '07, £550 pm.

Example Two - three bed semi, small front, mid sized landscaped back gardens, bought Dec 06, £850 pm approx.

[Hellfire]

Mid Terrace cottage, 2bed, living, kitchen dining bathroom small office/cubyhole area, now selling, Bought jan 07 Mortgage 600pcm cost 135k

[Splodgey]

4 bed mid terrace with rear access (4th bedroom is a loft conversion with an en-suite). Bought in November last year and mortgage is about £650 a month interest only...

Currently knocking through lounge and dining room as well as adding a conservatory so should be adding some value at the same time!

[Olive]

(I remember it's more because we talked about it aaages ago when you came round. Oh and I still have your crochet stuff!)

I know! We should have another mini-scale meet, and I will retrieve it! :p

[Knee High Stripy Socks]

Mini scale as in do you want to come round sometime at a convenient point when neither of us are working, and I shall do a big banquet of hobnobs and coke like last time?

[Kazbo]

3 bed mid terraced, lounge, conservatory, front and rear gardens. Bought Sept 2007 for £141k, mortgage is £605 a month repayment.

[Ricardo R]

Have my own house in Central London. Bought it for £500k in March, £100k deposit. I pay £3-4k monthly, £1.5k interest, rest repayment (fully flexible). Hope to pay off the mortgage by 2010 and buy me a Mayfair penthouse :)

[SuzyCreamcheese]

you could get razzle for cheaper

[Ricardo R]

What's that supposed to mean?

[g_angel]

What's that supposed to mean?


She's making a joke referencing some top-shelf magazines - Razzle, Mayfair and Penthouse.

You're probably too young to have bothered with magazines - the internet was in full swing for your age-group ;)