What proportion of your income do you spend on your mortgage/rent?

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Poll started 27 September 2022


Take what you pay on your mortgage or rent (including any service charges or ground rent but NOT council tax, insurance or other bills), and let us know roughly what percentage of your monthly take-home pay/income it is. We're also keen to know whether how much you pay has increased recently amid interest rate rises.

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Comments

  • ginger_chocolate
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    Was a bit unsure how to answer the second question. My payments have increased in the last year but that's because I chose to overpay (rather than put the money in savings), not because of interest rate rises.
  • Makingabobor2
    Options
    Ours works out at 39% of our income. Interest rate rises have pushed it up so far about £22 a month since April. Still try and make overpayments when we can
    Making the debt go down and savings go up

    LBM 2015 - debt £57K / Now £33,676

    Mortgage 04/24  £17,400 Officially ends June '26 but plan to be MF sooner
    Total OPs 2022 - £240   2023 - £1766
    OPs so far in 2024 £581.00


    Challenges

    EF #68  £175/£1000
    1p a Day '24 #12  £76/£667.  SPC '24 #41 £13.75
    Christmas '24 £14. 
     
    Make £5 a day - Apr £105.17£150            
    NSDs April 11/15

    My debt free diary...https://forums.moneysavingexpert.com/discussion/6396218/we-will-get-this-debt-down-the-savings-up


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