Brokers: high mortgage costs hit everyone, regardless of wealth

While my inclination is to agree, I've run the maths:

On a £118,000 salary, the take home pay will be £72,215 after tax and National Insurance. This equates to £6,018 per month and £1,389 per week. If he works 5 days per week, this is £278 per day, or £35 per hour at 40 hours per week.

Assuming he is the sole breadwinner in his new marriage, that's £24,000 a year on the mortgage payments alone.

- leaves about 48,000 for the rest of the expenses. Assume he also pays child support still to his two children from his previous marriage - let's say £1,000 a year; that's down to £36,000.

Monthly bills? Say another £1000pcm - that leaves him with a £24,000

Discretionary spending of £1,000pcm? £12,000

Still leaves him with £12,000 a year ...

HMMMM... perhaps I need to relocate and seek election in his district, I could do with £12,000 spare cash sloshing around each year!!!

....