View Poll Results: % Of Salary on Mortgage
Own :- 1-10%
4
3.15%
Own :- 10-25%
21
16.54%
Own :- 25-45%
32
25.20%
Own :- 45%+
4
3.15%
Joint :- 0-10%
4
3.15%
Joint :- 10-25%
29
22.83%
Joint :- 25-45%
13
10.24%
Joint :- 45%+
2
1.57%
No mortgage, i own my house outright
18
14.17%
Voters: 127. You may not vote on this poll
Salary Vs Mortgage Poll....
13 September 2007, 04:14 PM
#31
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13 September 2007, 04:20 PM
#32
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Blimey - I remember the days of mortgages being 2 1/2 times joint salary and people being advised to not have more than 1/3 of their monthly salary as mortgage! Mine is about 35%, but as of tomorrow - nothing, because my house sale completes and the mortgage will be paid off 
13 September 2007, 10:49 PM
#39
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My main mortgage is 90% of my take home pay and the wife does not work.
so do the maths on that.
PS IFA's come into two types work hard earn loads or do sweet FA and get 40 - 50k and a nice life.One of my best friends works about 12 hours a week and his worst ever year was 45k.
so do the maths on that.
PS IFA's come into two types work hard earn loads or do sweet FA and get 40 - 50k and a nice life.One of my best friends works about 12 hours a week and his worst ever year was 45k.
13 September 2007, 11:08 PM
#40
joint mortgage - each pay in 33% of earnings to a joint account which covers: Mortgage, Car Insurance, Mortgage Endowment and Utility Bills.
How it is that I am always skint scares me!!!
Guess it's down to eating and buying petrol
How it is that I am always skint scares me!!!
Guess it's down to eating and buying petrol
14 September 2007, 12:39 AM
#42
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Him, Me and Snug Rhino are financial advisors/mortgage brokers/IHT planners/wealth management advisors/insurance salesmen/personal protection portfolio planners. If I had an endless list of clients I could make about £400.00 per hour. I don't have an endless list of clients, so I spend lots of time surfing and trying to avoid getting an endless list of clients. He has an endless list of clients, but he is completely disorganised and can't use a computer, so he takes about 3 times as long to do everything, so he makes about £160 an hour, 6 hours a day, 5 days a week. This is average - he did an IHT related whole of life policy last week which will give him net commission of about 65k for about 10 hours work. Strangely these clients don't tend to wander in every day, but an FTB mortgage for 200k with reasonable level of protecion might net you between 3-4k for 5 or 6 hours. Like I said - If you do this every 6 hours you will be minted. I tend to do one and then take a week or so to recover
14 September 2007, 12:46 AM
#43
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I must admit, FBs advice, got me out of a bad car loan deal. Car is now paid for and mine all mine.
If I ever wanted anymore financial advice, FB here I come
If I ever wanted anymore financial advice, FB here I come
14 September 2007, 08:39 AM
#45
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14 September 2007, 09:33 AM
#46
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Fair play mate .... 4k on 7 days off is hard work.....makes those ****** on north sea fishing boats and oil rigs look like the girls they are
I use the school holidays homework style of 8 wks off, poo pants when tax bill lands, 50k on.....repeat
14 September 2007, 09:35 AM
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14 September 2007, 12:59 PM
#49
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£270k mortgage and only 12%
Quick look and a £270k interest only mortgage is around £1300pm (assuming 5.79% and 25yrs)
£1300 per month x (100/12=8.33 x 1300) = £10829 per month salary or thereabouts Thats a salary of £212k per year 
Any particular reason why your on an interest only mortgage when you pay very little of your take home? What do you do with the other £9500 every month
Quick look and a £270k interest only mortgage is around £1300pm (assuming 5.79% and 25yrs)£1300 per month x (100/12=8.33 x 1300) = £10829 per month salary or thereabouts
Thats a salary of £212k per year Any particular reason why your on an interest only mortgage when you pay very little of your take home? What do you do with the other £9500 every month
A very good freind of mine earns around about £10K per month, and has an interest only mortgage.
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