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

17.5% of take home pay. Based on our other outgoings we could definitely afford a bigger/ nicer flat but we just don't need more space at the moment and it fits our current needs so banking the cash for future needs

A little under a third of our take home but that includes a massive over payment as I want it paid off by the time I'm 50.

Just over a third of take-home but I'm child-free, have no other major expenditures and am overpaying aggressively. Plan was to own outright by the time I'm 50 but interest rates are probably going to scupper that.

Take home around £5000, mortgage around £1500.

Which was really affordable, until the £2500 nursery fees started.

My mortgage is £800. However I’ve got childcare fees of £1100 at the moment. We are limping along until then.

Cant wait for DC1 to go to school in Sept 2022 then DC2 to be eligible for the 30 hours funded in Sept 2023!

were overpaying to get rid of the mortgage. £700 a month.

Combined take home pay of just over £5k, mortgage just under £550. We bought the house in a cheap area when we were both on lower salaries (both been promoted since) and managed to remortgage when interest rates were at their lowest last year. Very manageable but we are looking to move into a bigger property (I'm pregnant) which will result in a much bigger mortgage and even though it should still be manageable, it makes me very nervous after having such a cheap mortgage.

That’s 8.5% of take home pay. We were going to increase the mortgage by upsizing but that’s not happening now so we’re just going to pay it off.

Net monthly is 3500 and mortgage payment is 650

Our income varies month by month but on average the mortgage is about 13% of income which feels very affordable.

Net monthly is £3500. Mortgage is £575

Can someone kindly tell me what that is as a percentage? Or tell me how to work it out? I'd be grateful to know thank you

£600 per month (1/5 income). Bought an Edwardian period property last year for £160,000. North East - countryside. Needed updating (not renovation as such just was stuck in the 90s carpets etc)
I think even if we doubled our salaries we probably wouldn't move as we have everything we need and it's a pretty big house.

Combined take home pay - £3800
Mortgage - £640
Total monthly outgoings - £1580

In reality, we spend more than that per month. Our mortgage is reasonable. It’s all the other bills that are going insane.

I think about 16%

I think about 16%

Thank you! That's not much is it, I often think we should overpay but never seem to have any spare

750 for a large studio flat in Manchester city centre, all utilities, internet and TV licence included, everything except council tax. This is split between 2 and I know we are incredibly lucky to have utility bills included in rent.

I'm sure I read that for it to be affordable it needs to be around a third of your income. Ours was that, but is less now we've had pay rises etc.

£1500 mortgage
Take home salary £7,500 per month between DH and I.
Mortgage costs are fine, but food shop is the thing that’s going up and up.

27% of our combined income but we make overpayments taking it up to about 32%

@mosesb as PP said it’s just over 16%. Percentages are just proportions (out of a hundred). So you need to work out what proportion one number is of another then times by 100. So in this case just plug into your phone calculator 575 divided by 3500 times 100 = 16.4

Why do you have to remortgage?

Income 2.5k pm, rent 850.
Xh, living in my house, on 2k pays 250 mortgage

Thanks so much, I'm sure I used to know how to do that!

I got a B in GCSE maths thirty years ago 😂

Huh? So you are basically renting for £3300 per month??? I don’t understand why you’ve done this or am I missing something? You are exactly in the same place as when you started….but have lost 3300 per month.