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.

I’m in a large town in (the largest, actually) in the SE, previously rented a 1 bed flat for £800 and now own a 2 bed house and the mortgage is a smidge over £1000. Our combined income is similar to yours but will go up when DP finishes his training. We don’t have any DC or significant costs at the moment - previously had commuting costs of around £450 a month - and it doesn’t feel like a struggle with our lifestyle, we still manage to save and go on holiday etc.

Combined income is about £80k, mortgage is £930 PCM

When I bought my flat I was single and earned £30k. Mortgage and service charge about £800, plus all bills on top, was easily manageable.

£925 on a combined income of over £50k should be easy, unless you have any other major expenses or debts?

£1100 to rent and it was around 45k between us but then COVID.

Now we eat beans.....

Mortgage is £1105
Joint income of around £120K

This is fascinating. £800 mortgage and combined earning £60k. We deliberately downsized to do this though so we can save and afford other childcare costs

Rent 950 and monthly net income 2100. Cornwall

Like for like property on a mortgage would be around 650 frustratingly

We pay £900 on mortgage, £2184 for nursery, £238 on school wraparound care, probably £175 on holiday clubs (the last two are spread over 12 months). Earn £120k plus bonuses that can be really good.

Combined income £78k. (Was more when we took out mortgage but I’ve gone part time since DC.) Mortgage £900 per month, childcare £650. East Midlands.

£900 mortgage a month
Joint income varies between £68-73k depending on bonuses
No childcare fees

Joint income of £43000 and rent (cheapest we can find for a small 3 bed) is £1000pcm.

Seriously envious of all those with £90k incomes paying the same rent!

Our income is £24k and rent is 1000 a month

Paid off mortgage now but before we were paying £509 a month with family income of £27k

Our rent is £950 because we rent from a family member, otherwise it would be around £1,300. That’s for a 1 bedroom flat in London zone 3.

Our combined income is probably around £120k and we have no childcare costs/other expensive outgoings. However, I save £1,200 a month into our house buying fund and DP on top of that but he’s self employed so the amount varies.

Joint income between 70-90k
Mortgage 1150
Childcare 200-300 per month

£900 mortgage, 70k combined earnings. No other major outgoings. We're in South Yorkshire

2020/21 combined income: £110k
Mortgage payment: £807
Other costs: £750ish on cars

2 adults, no children. Yorkshire.

My first mortgage was £475 a month and I was earning around £25k , current mortgage is £925 and joint income is £80-90k depending on overtime and shift allowances for both of us, but was around £65k until last year when DH finished a professional qualification and got a promotion. Nursery costs around £600-£675 a month and that's for one day a week, we're lucky to have my mum help with DS

Income would be £48K (me part time, DH full time - plus bonuses for DH) but DH has been on furlough for most of the last year and I started maternity leave in November.

Nursery fees of about £350 per month when I’m working (we have a lot of grandparent help). PIL are currently paying our nursery fees of approx £250 per month for two mornings per week.

Haven’t decided what to do when I am due back at work. It may be that I go back full time and DH combines some childcare with part time study and starting a business 😬

50k joint income
950pm mortgage
871pm childcare (that’s just for one child three days a week)
Then bills etc on top.

It’s only depressing when I look at it

Our mortgage is around £1100 and OH earns between £115,00-125,000 a year.

Combined salary of 117k. Our rent was about 1650 on a 2 bed flat, now 1750 on a 4 bed detached house.

Currently on mat leave (saved enough for it for my salary to basically be the same). Childcare will obviously become a high expenditure in 9 months.

We did most of our saving when we worked abroad & took lucrative contracts in low tax/tax free countries. We’ve invested a fair amount too, although we’ve always had quite low outgoings so are able to save a fair amount.

Mortgage £1200, joint income £80K. On mat leave but will have nursery fees soon.

1750 is for our mortgage! We had to put a 25% deposit down as DH is from overseas.

We are paying about this (varies, as we overpay by different amounts, but then our joint income also varies month by month) and our joint income is about £100k. No children in childcare, but one at University who we are supporting a lot.