Mortgage debt as a % of income

haras_nosirrah

240% of my pay and 163% of joint pay. Hence we are overpaying and plan to clear our mortgage in 10 years. Our monthly mortgage is 23% of our take home pay

mustang1

325% of pay. Mind you, 2 years ago it was 360% so overpaying is definitely the way forward as I've not had a pay rise for 3 years!

Moonchic82

Ours is 255% of joint annual income, was 295% in 2008. On a monthly take-home basis it is 23% joint.

Secret_Saving_Squirrel

Ours is only 50% of our joint income, which is why we are plainning to say goodbye to it in a couple of years! In the past it has been about 400%.

Squirrel

dark^knight

Ours is 605% at the moment, and the monthly payment is 15% of my take home pay, although it is interest-only. Which is why I am trying to overpay as much as I can.

adwat

Ours is 12% at the moment, but then we've only got 3 more payments left, yay!
When we started the mortgage it was 366%, we've come a long way in 6 years.

Sepa74

This is an interesting question.

Mine was 455% when I took it out, can't remember what %age of take home pay the repayments were.

Now it's 364% and the %age of take home is 23%, although that excludes overpayments!

So now everyone can work out my pay if they want!! Although it's a little distorted because that's what I pay myself - my company brings in more, that's just what I take out in dividends and salary.

Phelpsie001

Thanks everyone