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Rent/Mortgage - What % of take home income do you spend?

(78 Posts)
escape Thu 01-Aug-13 22:45:59

I am driving myself crazy deciding weather to rent a house that would cost £400 pcm more than I pay currently.
I believe can afford it, and for various reasons it will make me so mch more happier ( lifestyle/sanity!)

Can I ask what % of your households take home income do you spend on rent or mortgage - I want to know if I am being frivolous even contemplating this... TIA.

Standautocorrected Wed 07-Aug-13 09:27:47

It was 38% when we were overpaying, but its now much lower than that.
Im now a sahm so we couldn't have sustained such a high amount.

I am looking into an extension so the cushion we built up by overpaying should help with that.

sirensorseagulls Wed 07-Aug-13 15:14:50

Shortly going to be around 20%

mizu Mon 12-Aug-13 20:27:02

Just over 20% but will be more than this if we are able to buy next year

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