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What % of your income goes on your rent/mortgage?
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Renting and 15%0
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One thing that people need to give careful thought about is that we now have record low interest rates - how will you cope when they start to rise, as they inevitably will?0
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OH and I, aged 34 and 35 respectively, pay about 18% of our post-tax income for our mortgage (that's interest only, though). We also make payments off the capital when we can.
We're both self-employed, so that's why I say about 18%. Depends on what money's coming in.
We're in central London....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
I'm another one who's surprised at the low figures on here, mine's 30% of take-home! But that's me living on my own, only just stating out (mortgage).0
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30% on rent0
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25% of sole income. Aged 26, sole owner, 35% deposit.0
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Just over 22% on rent at the moment (and thats in Australia)Savings target £100,000. Current savings £18,000. Target time 24 months - and counting!0
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One thing that people need to give careful thought about is that we now have record low interest rates - how will you cope when they start to rise, as they inevitably will?
I think there is an assumption that all ftbs (which we were) must stretch themselves to the limit to buy a house. If I had done that I would have a £300k house instead of a 200k house.
I would say that overpayments are a sensible route to take - 2.5 years ago I owned 33% of my home and now I own 50% (assuming static house prices).0 -
We are early 30s. Rent south east. Its about 28% of our combined income
And thats at 30% below the market rate for our house
No wonder the economy is going nowhere, look where all our money goes0 -
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