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What % of your income goes on your rent/mortgage?

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Comments

  • Malky
    Malky Posts: 694 Forumite
    edited 6 May 2013 at 9:01AM
    Early 40's and late 30's couple paying approx 17% of our nett take home pay on our mortgage.
  • Dragonista
    Dragonista Posts: 138 Forumite
    Renting: 32%
  • londoniana
    londoniana Posts: 22 Forumite
    Under 40 in London... 40% of net home pay. Including bills it's 50%.

    It was 20% up until earlier this year when I split from my ex and took the mortgage on my own. Renting would be more expensive though.
  • Matt1977
    Matt1977 Posts: 300 Forumite
    emma-uk wrote: »
    :eek: 45% south East UK renter and for what we have and where we live it could be higher.

    Depressing :(

    Based on my net income from my most recent pay slip, my rent is the same percentage - 45% - of my net income.

    Makes saving up for a deposit to buy a home that much harder. :(
    Generation Rent
  • alex21
    alex21 Posts: 553 Forumite
    Renting at well below the local going rate. Single. 38% of take home pay.:(
  • SG27
    SG27 Posts: 2,773 Forumite
    hawk30 wrote: »
    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).

    Some have to stretch to the maximum just to afford a small starter home! Either that or they can't buy.
  • Tenyearstogo
    Tenyearstogo Posts: 692 Forumite
    About 30% of our joint income. We overpay a little bit sometimes too on top of that.
  • hawk30
    hawk30 Posts: 416 Forumite
    SG27 wrote: »
    Some have to stretch to the maximum just to afford a small starter home! Either that or they can't buy.

    I understand that. I said there was an assumption that ALL ftbs have to struggle, when that isn't the case.
  • msgnomey
    msgnomey Posts: 1,613 Forumite
    renting
    31% of income

    wish I could buy :(
    Go hopefully into each new day, enjoy something from every day no matter how small, you never know when it will be your last
  • Spirit_2
    Spirit_2 Posts: 5,546 Forumite
    1,000 Posts Combo Breaker
    17% of net pay. Couple 52/55...2.5 years to go.

    The mortgage pales in comparison with our pension contributions.
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