Bills as % of Pay

83dons2

I am looking to purchase a bigger house and was wondering what the accepted % split of gross or net pay to mortgage and to total bills is? I realise there will be a conservative and less conservative end to this % figure. Just wanted to make sure I don't go for too big a property that will leave me short each month. I am immediately constrained by the lender Santander to 4.5 times my gross salary for a maximum borrowing figure which is good but I was wanting to look at the bigger picture of what is acceptable when looking over all outgoings compared to net wage in.

[Deleted User]

50% of £10,000 a month pay leaves a lot more disposable income than 25% of £1500 a month.  in other words,  everyones situation is different

Sit down and write everything down and see where you are comfortable.   You can always overpay if you get it wrong but will find the lender wont appreciate if you try to underpay.