MoneySaving Poll: How much of your income do you spend on your rent/mortgage?
Comments
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As usual, there's no category for park home owners, who (usually) own the building, but not the ground it stands on, so pay "ground rent". Which, in my case, comes in the 10-19% tranche.
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What's a park home? A home on a park ... what most people still refer to by the 30+-year-out-of-date term "mobile home", or even worse a caravan, which it isn't: mine looks like a chalet bungalow, and is connected to mains electricity, water, sewage, telephone, and even gas. (No way is it "mobile"; it has a brick skirt.) I even have a garage.0 -
My rent is 9.5% of my annual income.
It would be less with a mortgage, until I was overpaying - which I would do!0 -
I'm self employed and my income varies. Currently using 25% of net drawings, but that includes overpaying the mortgage, and I wouldexpect to have some retained profit at the end of the year, so as a % of actual income over the year it should be lower.
In the last financial year my mortgage accounted for about 15% of my gross income.All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)0
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