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What proportion of take-home pay do people spend on mortgage costs?
Comments
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Ours is about 25% but I would be comfortable taking it up to 50% when we move. As pink teapot said, it does depend on the actual numbers.0
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We are house hunting at the moment, and our rent is 22% of joint take home.
If we were to buy the house we live in, it would be about 28% which feels too much. We would seriously struggle if either of us lost our job.
I'd prefer to buy a cheaper house and pay about 20% of joint take home.I've got a plan so cunning you could put a tail on it and call it a weasel.0 -
36% of my take home pay, 28% if I include lodger's monthly rent.
*shrug* That's the way it is when you're on a fairly low income.Emergency savings: 4600
0% Credit card: 1965.000
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