To ask if you pay £800-£1100 in rent/mortgage, what is your income?

[Flyingfish111]

And do you have any significant costs, i.e childcare? Where in the UK do you live (approx!)?

sigh I don't know about you but I've noticed rent increasing each year and it seems relentless! I am outside of London, in a large city and looking to rent a new premises with DP, hoping to find somewhere cheaper so we can continue putting money in a pot for a house deposit. Depressing that the rent seems more expensive than a mortgage of a similar size property!

We have no DC yet and earn £52k between us - no car costs or significant outgoings and wondering whether £925 a month rent would be stretching it, this does not include any bills! 1 bed apartment on a main road, includes parking and close to work! Hoping to rent for another 2 years before purchasing a property and before DC.

Whilst researching properties it made me wonder about other peoples situation income/rent in this range and wondered how other people manage. Would you consider yourself comfortable or is it a struggle?

A nosey post i guess but also useful for me to compare our own situation- if you don't feel comfortable answering, please dont, hopefully I dont come across as a CF.

Rent 1000, income 40k. London

Our mortgage is £850 pcm and our household income is between 80-85k (dependent on DP's overtime)

Rent £1100, combined income of £47k, about £260 per month childcare costs.

(South East but not in London)

Forgot to add we are in the East Midlands. No childcare costs yet (DD is 7 months old)

We are on around 51k joint income before tax and pay 553 on a mortgage. In the Midlands. We have 2 primary dc with no childcare

Rent is £800, joint income is £45,000 but that’s only been in the last 2 years, before that it was £34,000 and a bit of a struggle.

We’re lucky to have no big outgoings like childcare.

Mortgage 950. Combined income 94k

Dd pays £1250 in rent ( one bed flat) and earns £32k.
London of course

Could you not move somewhere cheaper for 2 years so that you can save up more.

Childcare can be VERY expensive. I was paying about £700 each month for 2 days per week for my 2 DC at nursery.

Mortgage £886 a month. Joint income of around £65,000. Feel like we have plenty of money as no childcare costs anymore.

We only bought 3 years ago and our mortgage is more than any rent we've ever paid perhaps as we only had a relatively small deposit.

£850 per month mortgage and combined income of £80k.

Mortgage is £1150. Childcare costs £1400. Combined income of about £105k

Rent £850 pcm, salary £30k pa, just me and 2 kids.... i wouldnt say we can afford a load of luxuries but we arent on the breadline either. That said if the rent does go up i will have to look to move again. I am on the commuter belt for a large midlands city and its getting silly, could really do with a third bedroom but looking at £1100 rent as a minimum which is unaffordable to me

We pay £880 a month mortgage. Nursery costs £360 a month.
Combined income of 51k a year.
Live in Nottinghamshire.

Sorry, 4 bed detached house.

Combined income £105k, so take home is around £5500 per month. Mortgage is £800pm, childcare £700, other bills and food come to around £1500 so around £2500 left for savings and spending.

Your income is around half so I’m guessing you could do it but depending on other costs/childcare, might not have a huge amount left to spend or save.

I think rather than comparing to other people you probably need to list out all your income and outgoings to see what’s manageable.

Mortvage 1200 and combined income od about 75k. We have 8 years left. Took mortgage late in life and is on a short term hence being quite expensive.

£870 mortgage, £85k income. Approx £700 a month childcare costs.

£900 on mortgage plus £450 nursery a month and then usual household bills. Joint income is £60k

Mine is 750 but I overpay by 50, so 800.

No childcare.

Income is 39k gross.

I also rent out my parking for 100 a month.

60 k joint income.
850 on rent 800 on nursery

£43k joint income - £950 rent £800 nursery fees. When we bought the house in 2019 we had no baby so no nursery fees and £70k joint income though. Life is incredibly tight but we are squeezing by for now.

65k income and mortgage is about £900. We're in Yorkshire. Nursery fees currently 'only' about £400/month.

40k joint income, £920 mortgage and £350 a month childcare.

My mortgage is £906 and I earn £18k a year plus £6,292 in Working & Child Tax credits