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Mortgage/rent costs

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!).

:D
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Comments

  • MovingForwards
    MovingForwards Posts: 17,178 Forumite
    10,000 Posts Seventh Anniversary Name Dropper Photogenic
    Approx 33% for my half of the rent.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • Time2Go_25
    Time2Go_25 Posts: 1,021 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    My mortgage is a little under 1% of income
  • 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%.
  • dan958
    dan958 Posts: 770 Forumite
    Seventh Anniversary 500 Posts Name Dropper
    edited 22 July 2019 at 8:47AM
    my Mortgage is 25% of my take-home (single), which includes a small over-payment each month.
  • Bored
    Bored Posts: 390 Forumite
    Part of the Furniture 100 Posts Name Dropper Debt-free and Proud!
    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: £22,397.1
  • enthusiasticsaver
    enthusiasticsaver Posts: 16,257 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    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.php
  • Splatfoot
    Splatfoot Posts: 593 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    About 35%.
  • chelseablue
    chelseablue Posts: 3,303 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    My half of the mortgage is 19% of my take home pay
  • Yellow_mango
    Yellow_mango Posts: 450 Forumite
    100 Posts First Anniversary
    Our mortgage is around 30% of take-home pay.
  • ours is 16% of our income. Rises to 21% averaging out overpayments
    DF 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: £185
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