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What % of your income goes on your rent/mortgage?
Comments
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Mortgage works out 5.5% of our combined take home pay - but we've lived in the same house for 17 years....0
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Mine is currently only 17.2% because of low interest rates but I am actually putting the extra money aside for emergency funds/overpaying so I am really paying 30%. I don't want to struggle if the rates go up again. That is from a single income.0
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If all goes to plan (fingers crossed!) mine will be 32% of take home pay (buying alone). Its high, but figured the first few years would be and I am lucky in that I can work extra when I choose to for extra cash on a month to month basis (not included in above take home pay - and all above board tax-wise!). Im mid 30s.
I think most people under 40 will have higher percentages. Unless of course like Tancred you want a posh house!
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Required to pay 16.24% of joint net monthly income, under current mortgage deal.
Actually pay 19.49% of the above, including overpayments.0 -
30% renting. No idea if that's good or bad tho!*~* Valued Opinions - £40; Quidco - £92.77; Lightspeed Panel - £40; My Survey - £20; Consumer Pulse - £190; Toluna - £44; Ciao - £42.47; GfK - £50; Pigsback - £20; ABAi - £10; Panelbase - £10.45 ; Grassroots - £50 *~* Blue Text = Account now closed
*~*2010 XMAS fund - £70 *~*0 -
Im 48, Less than 5%, 3 years left till mortgage free
elmer x0 -
Mortgage, currently 9.5% on my sole income, but we're selling this flat. When we move to our house it'll be close to 40% >:o ...0
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Mortgage, 23% of income, living alone.
I'm quite suprised at the low figures on here also, I thought mine was good! I was a first time buyer with a 30% deposit saved almost exactly 2 years ago now. Mostly to keep the monthly payments low as I was buying on my own so it needed to be affordable on a single income below the national average.This is WAY more fun than monopoly.0 -
:eek: 45% south East UK renter and for what we have and where we live it could be higher.
Depressing
2013 wins: Persil Bunny0 -
I'm 30 this month & my BF is 36
Around 23% of our combined income goes straight to our Landlord (we rent a part-furnished house in Bristol)0
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