How much per month is your morgage/rent ?

[LovelyYellowLabrador]

And does it feel manageable to you ?

jist we are moving or extending so our will be going up

Not sure that figure will help you as such, as it depends how much household income there is coming in. We pay £3300 pm and have done for years; it’s interest only and we are overpaying so at the end of term (only 6 years left to go) we’ll owe nothing rather than the original £490k.

It’s not about what other people pay. It’s what you can afford.

It's all relative to your own income. We take home 5.5k between us and our mortgage is 1k a month. We make over payments every month.

£0 but before that £350 we borrowed £46000 in 1995 added £10k to the mortgage in 2006 overpaid a little each month paying off the mortgage in 2019. Don’t think this response will help much. Like PP have said it’s what you can afford.

£1,343 per month. We borrowed 318k 3 years ago. Cheaper than when we were renting. Take home income of around 5.5k.

Our mortgage is 26% of our combined take home (net) pay which feels very doable to us.

You need to review your own budget and pass affordability checks.

As everyone has different incomings, outgoings and lifestyle expectations knowing what others pay won't help you work out what you will be comfortable with.

£1450 per month (shared ownership - £900 rent and service charge, £550 mortgage repayment). Bought four years ago.

I take home £3100. It's a stretch, and SO isn't something anyone should choose if they can afford to do otherwise. But it's enabled us to live in a much nicer (still too small) flat than the one I previously rented for many years in the same area. Sometimes it feels like an absolute millstone, but then I remind myself how much harder lockdown would've been in that old flat and I'm still glad we're here.

£1600 on our house and £400ish on the property we let out, so £2k total.

Knowing how much someone's rent or mortgage is isn't really much help unless you know their income and other essential outgoings surely? Eg childcare.

My rent is £800. Its not really manageable. I'm always skint.
But that's because my rent is roughly 50% of my income.

Managed to buy on my own following divorce, have 2 kids, - paying £900 a month, just under 1/3 of my take home and my mortgage term runs until I am 73! Only way to make it affordable. I have to remortgage in just over a year and am terrified the rates will be so much higher, my payments will have to increase significantly (can’t increase the term from beyond 73 I’m sure) and I am going to struggle to make payments.

18% of take-home pay. As previous posters have said there's no point comparing a random set of numbers, can you afford it, looking at your outgoings.

Best response. The question what % of your income is spent on your mortgage/rent would probably help you more.

Income around £3,000 per month, rent £700 (housing association)

Very affordable, but no chance of being able to afford to go to private rented in the area I would like to live.

We were paying 1000 rent.

Just completed on house. Mortgage is 575PCM

£800 a month including 110 overpayment. Take home is £4K a month. Definitely manageable will not overpay as much when we remortgage as it will likely be what we pay now due to internet rates rising.

Around 20% of our take home pay. No other debts, minimal childcare. Very manageable but wouldn't feel comfortable going much higher.

£2100. Our take home is 9 to 10k. DH is self-employed so his take home fluctuates.

Our mortgage was about 20% of our combined take home pay but DP has inherited money and it's now down to about 10% (won't stay like that as we will borrow more when we sell current place).

17% of combined monthly take home pay.

Does this help op?

Even percentages don't tell you very much as a £500 mortgage on a £2k income is probably less comfortable than a £2000 payment on a £6k income even though the percentage is higher.

Plus you have to account for other outgoings like travel/car payments or childcare costs which can be more than the mortgage.

£1234 a month. We are overpaying. It's about one fifth of our income.

Ours is 26% of our take home pay. Things are still tight sometimes as we have two cars, childcare, and also some debt from when I couldn't work due to having cancer a couple of years ago (get critical illness insurance, like I wish I had!).
In a year it will hopefully be more manageable as I will be able to earn a lot more after finishing a postgrad qualification.

Around 600. That’s approximately 50% of take home pay. Live alone, not entitled to any discounts.

32% of our income and money is fairly tight even though we have no childcare costs or debts etc... our income is much lower than some people here though!