NO, you;ve misread what I typed my Mortgage is for £76k, and repayments to the mortgage lender on that £76k is £454. The house itself is owned by a private housing company, and the property is offered on a part rent part buy basis. The property value is £160k - I am buying 50% of it from them (£80k - £76k loan from bank, £4k of my money) As a result, I have to pay £154 in rent pm on the remaining 50% owned by the company. So mortgage on one half (that I own) and rent on the other half (that I don't own)