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What proportion of your take home pay do you pay on mortgage?

(24 Posts)
jayne10b Tue 21-Jun-11 18:37:55

Just a generally nosey question to see how we compare with others. We have combined thp of £4400 and pay £2000 in mortgage, so about 45% - though we are overpaying by around £400 per month. Have a £243k mortgage.
Thanks for sharing your info!!

pinkhebe Tue 21-Jun-11 18:41:12

income of about £1800, we pay £500/month on a £43k mortgage, overpaying £200/month. so about 20%

HauntedLittleLunatic Tue 21-Jun-11 18:41:45

My take home pay is zero....so that would be an infiite amount.

Concordia Tue 21-Jun-11 18:44:16

we've had this question before on mumsnet and i think that what you have left after mortgate is actually more relevant. for us it is about 40% but we have 1100 left per month after mortgage, so less than half what you have!

trixymalixy Tue 21-Jun-11 18:48:37

12.5%

mousesma Tue 21-Jun-11 18:50:05

Not currently working because recently made redundant but when I worked our mortgage was about 20% of our combined take home pay.

When I return to work I am hoping to still be receiving about half of what I used to earn while doing part time hours instead of full time. This will make our mortgage 30% of our income.

Our mortgage is around £660/month, we could have afforded much more when I was working but as we hoped to start a family we chose to buy a small house that we knew we would be able to afford even if my income was severely reduced.

Mollymax Tue 21-Jun-11 19:43:43

Mortgage and endowments about 20% of take home pay.

madwomanintheattic Tue 21-Jun-11 19:49:19

about 60% of current take home. (mortgage was taken out with 2 ft wages, now only one, and new job paying less... crippling, really.)

Jajas Tue 21-Jun-11 19:52:39

20% of salary. God only knows where the rest of the money goes though because we never have any left at the end of the month confused!

thestringcheeseincident Tue 21-Jun-11 19:54:22

about 38%. it's a huge payment though, makes me feel sick. ho hum.

SparklePrincess Tue 21-Jun-11 20:03:01

Im interested in this too to see what is realistically possible with still maintaining a reasonable standard of living. smile If we ever get moving we'll have a 100k mortgage with an income of about 2100 a month, so its roughly a third on mortgage. I am currently mortgage free so it will be a huge change.

SparklePrincess Tue 21-Jun-11 20:05:16

Actually thats a third on mortgage & council tax, I lie. blush Still a lot IMO.

upahill Tue 21-Jun-11 20:15:35

Income from me £2,000 nett per month
Income from DH in excess of £6,000 nett per month
Mortgage =£480

SparklePrincess Tue 21-Jun-11 20:23:10

Lucky you . smile Jealous? Moi? blush

Mollymax Tue 21-Jun-11 20:23:56

It is not just the mortgage though, is it?
Insurances
Council tax
Utility bills
It all adds up.

cat64 Tue 21-Jun-11 20:33:12

Message withdrawn

Jajas Tue 21-Jun-11 23:37:52

I agree Molly. Whilst our mortgage only takes up 20% of our earnings, we pay over 50% of our salary into paying off various debts, council tax, utility bills etc. Another 20% on food which doesn't leave a whole lot for anything else like saving confused

Jajas Tue 21-Jun-11 23:39:12

oh and fuel of course. I can't stop thinking about money all the time at the moment - am very worried re jobs and the future in this country/continent/planet - just watching The Big Fat Greek Bankruptcy on Newsnight which is truly scary sad.

MollysChamber Tue 21-Jun-11 23:41:23

We've paid off our mortgage. It's a good feeling. grin

myron Wed 22-Jun-11 14:46:37

Renting atm - 18% of net income.
In process of buying & mortgage will be 25% of net income

hester Wed 22-Jun-11 17:01:59

45%. I slide into debt every month.

AlpinePony Wed 22-Jun-11 20:48:35

12.5% - so christ knows why we've never got anything left. <shrug>

kbaby Wed 22-Jun-11 22:43:52

Ours is about 18%

With mortgage, bills,food and petrol it accounts for approx 65% of our income

wonkylegs Wed 22-Jun-11 22:51:50

Less than 5% but tbh our mortgage is bugger all at the moment yay, a few lucky breaks, working bloody hard + very good savers has put us in a good position grin
I am very thankful for this and know I'm very lucky

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