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Original poster

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

204 replies

Lardlizard · 07/09/2020 17:50

Our is 11percent

OP posts:
jeff1965 · 07/09/2020 20:29

32%

MyNameHasBeenTaken · 07/09/2020 20:30

Rent £700
Take home pay £775

Mid 40s, live in a 3 bed semi...

blibblibs · 07/09/2020 20:32

22%, mid 40's renter.
Good job DH earns as my wages wouldn't even cover the rent and I work full time 😔

zaffa · 07/09/2020 20:34

It was under 20% and now it is much closer to 30% as DH took redundancy and a very low paid job whilst he retrains.
We don't have any other debt though and some healthy savings so we are a bit buffered but I am a little panicked when I think about it sometimes.

DramaAlpaca · 07/09/2020 20:37

0% as we've just paid off the mortgage. Yippee! It was about 15% I think.

Kljnmw3459 · 07/09/2020 20:39

40%.... Low income household at the moment.

TheGrayChapter · 07/09/2020 20:40

Just worked it out!

Around 36% of joint income...

Worrying as it looks like Dh will be made redundant soon, and I’m the lower earner.

BikeRunSki · 07/09/2020 20:40

15% - min repayment inc interest
35% - including regular overpayment

4.5 years to go, less if we keep up the overpayments

Mid-late 40s

TheyThoughtItWasAllOver · 07/09/2020 20:41

16% of net income, mortgage, 4-bed semi in Zone 5 London, mid-30s.

PennyDreadfuI · 07/09/2020 20:43

About 25%. We only have DH's wage coming in though. We rent from the council.

addictedtotheflats · 07/09/2020 20:46

11%, need to start overpaying

user1592512579 · 07/09/2020 20:48

12% we are mid 30's (we pay fulltime childcare for 2 so just as well it's quite low)

nancybotwinbloom · 07/09/2020 20:49

20% but I overpay each month.

jennymac31 · 07/09/2020 20:49

15% of joint income. We're both 40 and live in the south west.

aureliacecilia · 07/09/2020 20:57

Around 25% of take home pay but we overpay up to around 45% at the moment. We moved last year, added approximately £500pcm to our monthly mortgage figure in order to buy our long term "forever" home, and are aggressively overpaying during the current fix with a view to shortening the term of the mortgage when it comes up for renewal. Based on the purchase price, we own around 25% of our home outright now. We are early 30s. In the future we probably won't overpay as much as we'll want a new car or a nice holiday but having a smaller mortgage is a priority right now, particularly after taking on a lot of additional borrowing last year to move here. We're not overstretched but I felt happier with a smaller mortgage.

Smarshian · 07/09/2020 20:58

20%. Then 20% on childcare. Then 20% on other bills/training courses/ professional memberships. 40% left for all food, fuel, savings, clothing etc etc. It’s tight.

TheOrigBrave · 07/09/2020 21:21

@MyNameHasBeenTaken

Rent £700 Take home pay £775

Mid 40s, live in a 3 bed semi...

Is that a mistake? You must have other income.
Doodlebug5 · 07/09/2020 21:24

12.48%

Pootle40 · 07/09/2020 21:24

13%

DCIHoops · 07/09/2020 22:01

@MyNameHasBeenTaken

Rent £700 Take home pay £775

Mid 40s, live in a 3 bed semi...

How do you manage? Do you have a lodger or any other income?
DigitalGhost · 07/09/2020 22:03

Also 11% quite surprised. I assumed it was more, considering its the biggest bill in the house Confused

Thesaltandthesea · 07/09/2020 22:03

Between 7 and 10% depending on monthly commission. Late 20s, previously overpaid but now saving for extension in hope of being able to do this without remortgaging.

Hedgehog44 · 07/09/2020 22:05

31% and I think it's quite low Shock

JadesRollerDisco · 07/09/2020 22:08

About 40%

Hedgehog44 · 07/09/2020 22:08

Oh it's 10% if I do it yearly from our gross wages. Am I being thick? We are moving soon and that will double though.