I hold little sympathy with those on that figure too. However most people under 40 in the south east and london who own a house or flat will have a whopper mortgage because that is just what the market is/was.
When we lived in a shit part of London, 1.5 bed shit flats were going for a minimum...
Prices went up rapidly post lockdowns - 2021-2022. A housing price correction should bring us back to around pandemic levels - unless interest rates contunue to be sticky.
Depends where you are in the country. In Mid Sussex, there is still a boom. Zoopla says we are only worth slightly more...
Agree for those on whopper salaries, but those are very few and far between. I too find the Times style I earn 150k a year but am skint articles a bit much.
More likely is that one partner is a higher earner, and the other is not, or earns nothing as there are kids to bring up. Cost of...
I relate to all of this. One salary (freelance) at the minute, whopper mortgage. Gets easier when our second gets the 30 hours free in September - in reality those fees will just be eaten up with the interest rate rises.