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....
#31
I haven't seen anything on this thread that isn't realistic. The guy I share an office with makes that kind of money and works from 10.30 until 4.30. I don't. He tells me this is cos I am a lazy git
#32
Scooby Regular
Join Date: May 2000
Location: MY00,MY01,RX-8, Alfa 147 & Focus ST :-)
Posts: 10,371
Likes: 0
Received 0 Likes
on
0 Posts
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
#39
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.
#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
#42
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
#43
SN Fairy Godmother
Join Date: Nov 2003
Location: Far Far Away
Posts: 35,246
Likes: 0
Received 0 Likes
on
0 Posts
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
#45
#46
Scooby Regular
Join Date: May 2006
Location: I have ad blocked my rep - so dont waste your time!
Posts: 1,548
Likes: 0
Received 0 Likes
on
0 Posts
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
#47
Scooby Regular
Join Date: May 2006
Location: I have ad blocked my rep - so dont waste your time!
Posts: 1,548
Likes: 0
Received 0 Likes
on
0 Posts
#49
Scooby Regular
Join Date: Sep 2006
Location: Worthing..
Posts: 7,575
Likes: 0
Received 0 Likes
on
0 Posts
£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
£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.
Thread
Thread Starter
Forum
Replies
Last Post