How much of your after-tax earnings goes on accommodation? Poll discussion

iwanttosavemoney2008

N I cant wait till I can work then it will be much less maybe even drop to 20%

My OH wages are counted as my income as I am a stay at home mum Because it would cost more for me to work than if I stayed at home

irishwench69

M - and that's with a healthy income and a not very large mortgage

Shows just how much I'm getting screwed over with pension and student loan payments coming out of my salary too!

IW x

lostinrates

I chose B, because I think you can only chose one. DH is the only earner and he lodges in London. I live with my parents, where he joins me for weekends. It is FAR from ideal, but we can't afford (safely) to buy yet and renting 'properly' would mean less able to save drawing out the whole process. We currently put a minimum of £1k a way each month and have a sizable deposit saved. (We have rented togetehr before and hate not living together) I know lving with parents is met with some derision, an I understand that. In our situation for a while DH and I were living abroad and my mother found it very hard, calling six times a day etc, in the end I came back to UK before DH. My dad also works in London and has week time accomoation, so th precident was set already in my family. It is NOT an easy option (two women one kitchen, never a good idea!) and I don't think five minutes goes past without me thiinking bout when we get out own house. Almost weekly I have a strop and go and see what we could rent, but really saving for us is a priority and being able to help my mother is important I guess. (NB we do contribute here to bills and buy food, I do most of the cooking, and DH and I help maintain garden,house etc etc). This would not rally have been my choice, but in someways its been rally valuable: my parents have had time to really grow to love my husband, an vice versa, and I have had the remarkable oppertunity of knowing my mother more intimately as an adult. I hope this stands me in good stead for my future. Most of the time its just aggravating though!

skylight

D for us - 17% of our income is rent. Thats not bad. I may look at it again with council tax and bills included though, see where it comes out then!

HOWEVER (as an afterthought!) we do live in small council accommodation where there rent for here is about half that of comparable properties on the open rental market in this town.

birduk

Less than 20% on rent. Thank goodness for living in the North and sharing with two others. It at least means I can save one day for the house, sigh!

I used to rent the same house by myself, but finances and circumstances move onwards eh? Same price as one bedroom in shared accomodation in London though!

LumpyCustard_2

Mine is K: 12% on mortgage payment in a month with just basic salary, but less if I get bonus or other additional payments (most months). That's for a 2 bed house in Berkshire bought 10 years ago, single salary. If I include overpayments, then the ratio is around 40% of net salary going to the mortgage.

angel81uk

Bought a flat as first time buyers in London last year and at the moment about 36% of our joint income goes on the mortgage. It's a tracker mortgage though so that figure is variable but so far we've survived interest rate increases as well as decreases and still had a little bit of spare cash at the end of each month.

PasturesNew

I'm a "F. Rent: 31% to 40%".

Although it might change to being "G. Rent: 41% to 50%" shortly. I am expecting my income to probably halve within 3 months

Just when I thought things were going so well.