Percentage of mortgage of net income?

[Jessica12345625]

I am looking to move house with my husband. The mortgage would be 33% of our joint take home salaries. We don't have any debt, but we do have nursery to pay for which is £350 a month.
What percentage of your take home monthly salary is spent on the mortgage?

Ours is just over 20% of our take home.
We do have a cheap mortgage though, looking to upsize the house in next year or so and are saving like crazy to make that happen. We will be doubling our mortgage so it will be more like 40% when we move.

16%. No nursery fees here (kids are teens).

33% would not be manageable for me but you may have different spending habits and priorities. It varies from household to household, so don’t worry too much about what other people are up to.

Good luck in your new home!

Yep, it's worth noting that we've owned a house for ten years and have approx £300k in equity, so I feel confortable increasing our mortgage as we have a cushion. Not sure if I would go for a big percentage of income if I was a FTB for example.

Just under 20%. I spent years working in a call centre for people that couldn't pay their mortgage and its made me really risk averse to debt so I like to keep it as low as I can. We're also lucky in that we bought our first flat just after property prices fell at the end of the 90s so we were able to put down a fair amount of equity the last time we moved.

Just under 20% single income family. We have a lot of additional spending which if needs must we could reduce (around 12% with a further 10% if things really got serious).

I have a spreadsheet itemising our outgoings and have categorised our regular direct debits as to whether they are essential (gas/elec/council tax etc), preferable, or frivolous. It makes it easy to see what can be readily cancelled should it come to it.

Also about a third - it’s fine but we are careful with extras. Overall have a good life as long as fancy holidays aren’t important. Massively depends on what the percentage is out of and where you live, number of kids, lifestyle expectations. None of us can know.

13% ish