I am currently paying a mortgage. I am wondering what proportion of my monthly income should be going towards my mortgage repayments? What would the norm be.
Popular wisdom says that your repayments on a mortgage and other loans should not be much more than 35% of your net (take-home) pay for most people. Those fortunate to be on high salaries can get away with higher percentages.
I would add that contractually required repayments should ideally not be more than 35%, though all cases are different and depend on what other financial commitments you have, how secure your current level of income is etc.
However, it is wise to overpay your mortgage if you can afford to - and most people can, even if only by a small amount. If you can afford larger overpayments, that's even better - you'll be mortgage-free much sooner and save a lot on the interest