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Think your mortgage figure is a bit OTT (I'd say more like 2k ish for that mortgage)
I relied on https://www.hsbc.co.uk/1/2//mortgages/repayment-calculator - it reckons £3900 a month for a £563k mortgage. But not claiming expertise at all, I'm nowhere near those heady heights.
ReekBlefs-
I think you must have the term and/or interest rate set at something a bit unusual. At 25 years at 2% it comes out at £2,386/month.
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That's assuming no deposit and using their interest rate which is laughable at 7%.
Using this, i get £1,861 on a £450k mortgage (£500k property w/ £50k deposit). Still a lot of money but more in the realm of possibility...
Even if you want ot fix your term for a decade, you can get 2.85% or £2,097 a month.
ffm
Soul
Think your mortgage figure is a bit OTT (I'd say more like 2k ish for that mortgage) but the basic point is right - that the correlation between income and housing is completely screwed, and given that's most people's single largest expense and / or asset, that has a huge impact on wealth and inequality.
The fact we don't tax wealth much or at all is part of the reason you can have people who are in the top few % for income who don't feel flush (and conversely why you can have some low earners in terms of income who, by virtue of housing wealth, are minted).
Neither situation is particularly healthy for an attitude and economy that wants to incentivise work, IMO