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percentage of salary that goes towards your mortgage

24

Comments

  • free4440273
    free4440273 Posts: 38,438 Forumite
    Don't have a salary (but do have a huge mortgage) after being made redundant a year ago :eek:
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
  • Woby_Tide
    Woby_Tide Posts: 5,346 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    somewhere around the 30% mark but then our take home pay is excluding various stuff i.e. childcare vouchers and various insurances that would otherwise mean our take home was higher and our percentage 'lower'
  • kissingthepink
    kissingthepink Posts: 183 Forumite
    My mortgage repayments are 40% of my take home pay.

    Anything higher would be a struggle.
  • lizzymouse
    lizzymouse Posts: 65 Forumite
    hi all
    thanks for the replies, i feel a bit better now - i thought you might all say your percentage was about 8% !!

    i guess i am about average, i am going to try and save though to pay extra off the mortgage- seems like it's a wise thing to try and do from looking round on this site......:j
  • roxy7699
    roxy7699 Posts: 1,067 Forumite
    Part of the Furniture Combo Breaker
    My rate is 42% ugh, and I have debt, now I know why I always feel broke. My salary has also increased greatly since I got my mortgage 5 years ago.
  • sarkin
    sarkin Posts: 785 Forumite
    I agree with dan a lot of our clients are 60% plus and with the credit crunch a lot of them have stayed on SVR as they had bad credit and cant remortgage.
  • Amber07
    Amber07 Posts: 330 Forumite
    My mortgage is currently 16.5% of take home pay

    When we move it will go up to 23%
    Learn from yesterday, live for today, hope for tomorrow. :cheesy:
  • beingjdc
    beingjdc Posts: 1,680 Forumite
    When I had a mortgage it was just under a third of my take home pay. My share of the rent is now 36% of a much higher take home (that's what moving to London does to you...)
    Hurrah, now I have more thankings than postings, cheers everyone!
  • 350nutter
    350nutter Posts: 104 Forumite
    Mine's 38.095% of my take home pay
  • mlz1413
    mlz1413 Posts: 3,161 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    mine is bang on 30% and i thought mine was low! mainly because it has been much higher and now i only have to work one job to pay all the bills feels like a whole lot of freedom sport-smiley-001.gif
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