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

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MSE_Emily
MSE_Emily Posts: 208 MSE Staff
Third Anniversary 10 Posts Photogenic
in MoneySaving polls

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
    ginger_chocolate Posts: 305 Forumite
    Seventh Anniversary 100 Posts
    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
    Makingabobor2 Posts: 4,192 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    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 £28,744....its going down

     Mortgage Free December 9th 2024!      18mths ahead of schedule.  Since 2022 we paid over £15K in OPs.

    Challenges

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


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