What percent of your household income is your rent or morgage ?

[Lardlizard]

Our is 11percent

Ours is about 6%, do I win?

But you might as well ask for random numbers. Our house is smaller and in a poorer area than the average Mumsnetter could bear to live in.

Plus we are comparatively much better off than when we started out, are child free so don't need a big house and are too lazy and apathetic about the whole process to go to the effort of moving to a bigger/nicer house.

Percentages don't tell you much anyway. You'd have a lot harder time with a £500 pm mortgage on a £2k income than you would with a £2k mortgage on a £6k income because even though the percentage is higher, you've a lot more left over to live on.

Plus you have to consider what your other costs are - if you've little or nothing to pay out in childcare and commuting, that makes a big difference. Mortgages are often not a household's biggest expense.

25%

11%. Were in London
We’re planning on moving but in the current climate we’re staying put!

Just less than 11%. Bought 3.5 years ago and we’re both 30. We also bought with a 5% deposit.

However, DH has been promoted at work and had a few pay rises (which we hoped would happen) so it wasn’t 11% when we initially moved. We’ve probably spent £15k on our house in those 3 years. We still have the kitchen, bathroom, living room floor and possibly getting rid of the conservatory - so about £40k to spend. So if you take into account what we try to save each month to do up our fixer-upper, it’s probably closer to 20%.

100% of earnings.

The ex walked, I worked 3 days, the mortgage took the lot. We existed on tax credits. If he paid maintenance - it was very hit and miss - I used that to over pay.

Now, its 0%. His reluctant payments helped pay it off early. Was due to finish in 2022.

I'm 40's.

12.5%. But I'm a single parent so it's a one income household.

13%

21% which feels manageable.

A third of it!

20%

17% FTB in our early 30s - bought last year on a 20 year term.

20% on private rent

Now 0%. We paid it all off 8 years ago. We could afford bigger and fancier..... We have always said we'll consider moving, once the youngest is school age. So maybe 2022. I want to be able to pack and sort things when kids are at school.

When we had a mortgage it was before children and for five years 60% of our joint net income went on mortgage, and then it was paid off. We used to pay off £2,000 a month, sometimes more. Also my husband is really good at saving, and had worked since he was 16 and lived rent free with his parents. He was 26 when we bought the house and he had 100k in savings.

18% early 30's. We will probably move in few years so it will be higher but this was what we wanted at this stage with nursery fees and my drop in hours due to young DD. I worry A LOT about this stuff and it took a while to convince DH to buy this house rather than a (unnecessarily) larger place. He now concedes it was the right decision as it's given us more financial freedom.

26% private rent

20% at the moment due to me not working since March.

26% of net income. Early 40s mortgage 27 years to run.

10%

We are both in our 40s. This is our third property and we hope to pay the mortgage off in about 8 years.

40% of joint income (percentage lower when we moved in but I went on Mat leave then part time)

Mid 20s in London with one DD

Just over 30% at the moment but DH got made redundant and is currently job hunting. Thankfully we can afford the mortgage and outgoings on my salary. It's normally 16%.

@Lardlizard

If yours is 50percent do you have enough money for holidays etc and other stuff

Nope. Don't even have enough to pay all the bills some months. Always robbing Peter to pay Paul.

My half is 16% of my wages.

Overall it is 15% of both our wages.

We've been in the house 2.5 years bought when we were 32.

Our combined monthly income after tax etc is about £5500. Our mortgage is £840 as o whatever % that is. X

30% bit scary

When we had a mortgage it was before children and for five years 60% of our joint net income went on mortgage, and then it was paid off. We used to pay off £2,000 a month, sometimes more.'

This was overpaying though? As in your actual mortgage wasn't 60% of your salary?