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

Lizling

42%, but renting was 66% so now I feel rich!

I could always half that by taking in a lodger but I'm enjoying having my own space too much now.

thedalmeny

I think a more meaningful figure will be peoples net monthly income to their monthly debt commitments (Mortgage, Credit Cards, Loans etc).

Ours is 21% of net income with wife working part time. Both in late 20s and it's a 4 bedroom detached which were due to move into.

This is likely to drop to around 15% in 12-18 months when my wife goes back to full time work.

We only have a mortgage, no other debt except £400 on a CC.

Emmylou_2

Renting, mid30s, married, me disabled, him carer. Smidge under 30%.

Last place was sharing with friend, 2 single 30-something girls, renting together. We paid just under 20% (split evenly - we earned around the same amount) so that was far more affordable.

Hermia

Renting: 38%. I'm in the South West and my place is very much towards the cheaper end of the scale where I live. There are very few bedsits/studios or house shares where I am so you don't have much choice if you rent. I will be moving at the end of the year.

concrete_kid

17% renting in the north west. This will rise to 30% (overpaying) when I get a mortgage in a few years.

phoebe1989seb

0% here - we were fortunate enough to be in a position to pay our mortgage off very early nearly six years ago when we sold off our large family home (paying over 50% of income in mortgage back then) and have bought our last two houses mortgage-free

We don't have any loans, car finance or credit card debt either - have learned from previous mistakes (took out several loans with PPI in the past - now reclaimed to the tune of £40k) and won't be stung like that again.......

foolishboy

I think we all know why the figures here are lower than expected - human nature - look how well off I am! :-)

20% .. both mid 30s, both working. 35% if you take into account overpayments.

FB

nakiwala123

42% of our take home pay!

bodmil

I'm 26 and my mortgage is 29% but down to 23% if I include the income from my lodger.

yorkshire_terrier_owner

Mine is 30% - single owner. Have just moved to a bigger property in a much nicer area (was 21% before the move).

However, I have no debt. Couldn't have done it at that % otherwise. All I was bothered about was that once mortgage/bills paid I could still have a life and afford to keep saving, which I can.