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



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 what most people still refer to by the 30+-year-out-of-date term "mobile home", or even worse a caravan, which it isn't: mine looks like a chalet bungalow, and is connected to mains electricity, water, sewage,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