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Mortgage/rent costs
Valetudo
Posts: 6 Forumite
I'm just curious what people pay as a percentage of their income to their mortgage or their rent every month? I know much as depends on how cheap your home is as how high your income is, but I just wondered if, especially on the DFW forum, whether there are any patterns.
I'm at around 10% of income, but that's down to having a very low mortgage rather than a high income (for instance I pay a further almost 10% of my income to a student loan every month so it all evens out I guess overall).
Just comes from curiousity as a friend has a mortgage of about 35/40% of income (we are on the same income). I certainly couldn't stretch to that with my numbers, but I'm curious what others have. Perhaps I am being unduly nervous. Hopefully with a % it might make people more confident to post if they don't like mentioning £s. But you're welcome to do that too if you prefer (it's DFW after all some of you are very open!).
I'm at around 10% of income, but that's down to having a very low mortgage rather than a high income (for instance I pay a further almost 10% of my income to a student loan every month so it all evens out I guess overall).
Just comes from curiousity as a friend has a mortgage of about 35/40% of income (we are on the same income). I certainly couldn't stretch to that with my numbers, but I'm curious what others have. Perhaps I am being unduly nervous. Hopefully with a % it might make people more confident to post if they don't like mentioning £s. But you're welcome to do that too if you prefer (it's DFW after all some of you are very open!).
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Approx 33% for my half of the rent.Mortgage started 2020, aiming to clear 31/12/2029.0
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My mortgage is a little under 1% of income0
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I pay 28% of my take home pay, which includes a regular monthly overpayment.
It'd be 23% of take home pay without the overpayment.
If we're talking salary before tax/sal sac etc have been deducted & no mortgage overpayment then it'd be about 15%.0 -
my Mortgage is 25% of my take-home (single), which includes a small over-payment each month.0
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My mortgage is 33% of my take-home pay, without any overpayments. It's fine but I'd like it to be below 25% ideally.2023 Mortgage-Free Wannabe #19: £11,675.68/£13,000
Mortgage Overpayment Total: £22,397.10 -
Nothing now but when we had a mortgage we always made sure housing costs were no more than 30% of total income.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Save £12k in 2026 Challenge £12000/£2000
365 day 1p Challenge 2026 £667.95/£110
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php0 -
About 35%.0
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My half of the mortgage is 19% of my take home pay0
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Our mortgage is around 30% of take-home pay.0
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ours is 16% of our income. Rises to 21% averaging out overpaymentsDF as at 30/12/16
Wombling 2026: £25.70
Grocery spend challenge Feb £285.11/£250
GC annual £389.25/£2700
Eating out budget: £ 48.87/£300
Extra cash earned 2026: £1850
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