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What % of your income goes on your rent/mortgage?
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Ours is 16% on our joint salary (we are early 30s), going up to 38% when the bump is born (ouch - only just realised that!). Homeowners, not renters.0
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24% Single ownerDon't trust a forum for advice. Get proper paid advice. Any advice given should always be checked0
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Rent is currently 21% of joint income (my net salary + Marley's benefits - I've included CTC in this).:heartpuls Mrs Marleyboy :heartpuls
MSE: many of the benefits of a helpful family, without disadvantages like having to compete for the tv remote
Proud Parents to an Aut-some son 0 -
Crikey, I'm really impressed/surprised by the low figures. Once all goes through (fingers crossed), I'll be in the region of 40%. And at that point, I won't have any savings anymore at all.0
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Mortgage is 32% of take home pay. Single owner in London, under 30. With bills, this figure goes up to about 48%.0
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15% of our joint salaries (mortgage), but it would be 28% of my salary alone."Save £12k in 2019" #120 - £100,699.57/£100,0000
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I'm also surprised by how low people's percentages are, but I am in London and under 30.
My rent is currently 20%, and if my mortgage application is accepted it will be 31%.0 -
0% for me, paid the mortgage off 3 1/2 years ago.:D Wife loves it as she has more to spend on spoiling the kids:eek:2 kWp SEbE , 2kWp SSW & 2.5kWp NWbW.....in sunny North Derbyshire17.7kWh Givenergy battery added(for the power hungry kids)0
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I'm about 17%, joint mortgage. OH is about 20%. But he overpays by and extra £500 p/m from an old savinhs account.
Mprtgage free in 13 years!NOT a NEWBIE!
Was Greenmoneysaver. . .0 -
Mortgage is 17% of our net joint income. Hubby and I are both 42 and bought our first property 17 years ago when a nice 2 bed semi was £43k and you didnt need such a huge deposit. Dont know how my kids will ever get on the property ladder.0
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