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% of your take home salary on mortgage payments?

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Comments

  • jodiebabes
    jodiebabes Posts: 69 Forumite
    Interesting thread - with me and Husband to be's income we pay 14% of our take home income on our mortgage. Which allows us to save a good amount each month...however, we are looking to purchase a bigger house soon and we are looking at increasing the amount we pay to 28%. Which seems alot but I know it will still be comfortable.
  • shop-to-drop
    shop-to-drop Posts: 4,340 Forumite
    We are on fixed rate 5.14% and pay around 33% net income although we are just starting to pay an extra 20% so it will be around 40%.
    :j Trytryagain FLYLADY - SAYE £700 each month Premium Bonds £713 Mortgage Was £100,000@20/6/08 now zilch 21/4/15:beer: WTL - 52 (I'll do it 4 MUM)
  • Kavanne
    Kavanne Posts: 5,093 Forumite
    wolvoman wrote: »
    4% on sole income.
    MINUS 12% when subtracting lodger income.

    Oh and that's on one of those irresponsible 5x salary mortgages!
    Over how many years? ;)
    Kavanne
    Nuns! Nuns! Reverse!
    'I do my job, do you do yours?'
  • silvercar
    silvercar Posts: 49,919 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    What is surprising is that there are not more people on this thread with 0%. Where are the people from the mortgage-free board? The retired?
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    silvercar wrote: »
    What is surprising is that there are not more people on this thread with 0%. Where are the people from the mortgage-free board? The retired?

    Theres not many from the MF board that venture here.
    SMF2 does. I do. DD does. But not many.
    It's a very different board. Halfway to DFW if you ask me.


    As for the retired....... you posted at 6.50pm..... I'd imagine they are asleep.
  • moggylover
    moggylover Posts: 13,324 Forumite
    silvercar wrote: »
    What is surprising is that there are not more people on this thread with 0%. Where are the people from the mortgage-free board? The retired?


    Didn't think you would want us telling you we don't pay anything anymore - but if you want me to then, I paid off my mortgage last year so 0% for me:D
    "there are some persons in this World who, unable to give better proof of being wise, take a strange delight in showing what they think they have sagaciously read in mankind by uncharitable suspicions of them"
    (Herman Melville)
  • treliac
    treliac Posts: 4,524 Forumite
    lostinrates wrote: »
    Ironing is a very relaxing experience if you used scented water and think of it as a spa treatment :D

    You must have the most fantastic imagination. :D
  • treliac
    treliac Posts: 4,524 Forumite
    JayScottGreenspan wrote: »
    KennyCraif.jpg
    Look into my eyes. Look into my eyes. The eyes. The eyes. .

    Only if you take off the eyeliner and false beard.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    treliac wrote: »
    You must have the most fantastic imagination. :D

    Or a really cruddy spa!

    No, really, very scented water, lots of steam: good for the pores.
    Its warm (I don't use central heating, so I've been known to put washes on just to have some ironing to do in winter) and to DH's delight I iron in underwear (because of the heat).
  • treliac
    treliac Posts: 4,524 Forumite
    lostinrates wrote: »
    Or a really cruddy spa!

    No, really, very scented water, lots of steam: good for the pores.
    Its warm (I don't use central heating, so I've been known to put washes on just to have some ironing to do in winter) and to DH's delight I iron in underwear (because of the heat).

    I think I've heard it all now. But each to his/her own. :D

    Talking about ironing, I ought to go and do some. It's a great feeling to have a pile of freshly ironed garments, problem is the next day there's a new pile waiting.
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