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.

£1500 rent , £700 childcare per month, £110 K between us

We pay £880 mortgage although overpay £200, so £1080 on a joint income of 62k but option to do overtime. No significant bills, currently no childcare costs.

Currently pay £800 in rent on a £40k income. No childcare as two kids are secondary. Third child came home from university in December and has deferred due to health problems. So we’re supporting 3 kids. Have around £5k in savings atm but around the same in debt. Trying to save around £300 a month presently so we have either an emergency fund if DH looses his job ( redundancy has been batted around and put off but may come back again with all that is happening), if the LL gives us notice then we have deposits etc. ready, may have to replace our wheelchair accessible vehicle soon, if none of that happens then we have a mortgage deposit fund. We’re paying around £500 off debt each month and fingers crossed by June-ish next year we should be debt free.

Joint income of around £34k pa, rent £900 pm. Have been renting seven years

Rent £1100 combined income £48k
We don't save anything

We pay £890 mortgage (but choose to overpay by another £300 whilst we can afford it). We live in East Anglia in an area which is reasonably but not cheaply priced. Combined income of £100k, but was only about £70K when we moved here.

Other big outgoings are childcare (we also have another baby on the way and so nursery bill will be much more soon), car payments and commuting costs.

Mortgage is £1075, joint income is approx. £80k. No childcare fees anymore. London.

Sole income household. About 85-90k I think. Mortgage is low 800s. No childcare costs.

We have a £888 mortgage.

No other debt.

Joint income £65k before overtime which is on average an extra £200 a month (or £4k a year before tax). The overtime is not guaranteed so I just see it as a bonus.

No childcare.

We do overpay though. Overpaid £18k, just replenishing savings now and will be back to £700 a month overpayments.

We're lucky our rent hasn't gone up in 5 years as we rent from someone we know personally. However in our town we would be forced to pay £1k a month otherwise. When we buy later this year will be looking at £900ish a month mortgage. Combined take home pay about £45k.

I'm a single parent. Mortgage plus childcare is over £4k per month. No contribution from the children's father. It is all so expensive these days.

Mortgage is 1200 per month. Joint income of 55k. Can't save a penny and don't even have a pension. 10k in debt.