MoneySaving Poll: How much of your income do you spend on your rent/mortgage?

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  • G6JPG
    G6JPG Forumite Posts: 147
    Part of the Furniture Combo Breaker
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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.
    \\
    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 what most people still refer to by the 30+-year-out-of-date term "mobile home", or even worse a caravan, which it isn't: mine looks like a chalet bungalow, and is connected to mains electricity, water, sewage,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.
  • freyasmum
    freyasmum Forumite Posts: 20,595
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    My rent is 9.5% of my annual income.

    It would be less with a mortgage, until I was overpaying - which I would do!
  • TBagpuss
    TBagpuss Forumite Posts: 11,191
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    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!)
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