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Original poster

What is your mortgage/Salary ratio?

100 replies

Waisted · 08/03/2025 09:33

How many times your salary (or combined household income) is your mortgage or what was it when you got it.

Looking to buy a home and wondering what people feel comfortable borrowing. We have a combined income of £85k, (likely to rise by another 10k in a year or two) and deposit of approx £100k (subject to sale of DPs house).

DP thinks we should be looking at homes in the £250 and under bracket but I think we could easily stretch to £300k

No childcare fees to consider.

OP posts:

keyboardtypo · 08/03/2025 09:59

This is MNs so the stock answer will be earn 500k a year but mortgage feels tight at anything more than £500 a month.

A 200k mortgage seems fine to me.

Huckyfell · 08/03/2025 10:02

Similar salary, £90k, mortgage £1100pm and pretty comfy.
Stretch as much as you can on property as values will increase accordingly over time.

Tryingtohelp12 · 08/03/2025 10:06

Combined around 100k, take home combined about 6k a month. Mortgage is 260k working out as 1300pcm. It’s not tight but it’s not living a life of luxury. On the other hand we can afford to do things on a whim (days out, fancy meals etc) which not everyone can do. We do still pay about700pcm for childcare

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Strangeonthenet · 08/03/2025 10:08

Combined earnings about £50K. mortgage is £495 monthly and we're 8 years into 25 year term, house was £189k
We worked hard on overpayments for a few years to keep our monthly payments low

Thethingswedoforlove · 08/03/2025 10:09

Huckyfell · 08/03/2025 10:02

Similar salary, £90k, mortgage £1100pm and pretty comfy.
Stretch as much as you can on property as values will increase accordingly over time.

I agree that with a pay rise in the offing stretching yourselves as much as you can now is something yoh will be happy you did in the future. It soo to have a tight few years if it is likely to become less tight going forwards. But on mn people don’t seem to think like that so it’s got to be whatever you are comfortable with.

biscuitsandbooks · 08/03/2025 10:09

Our mortgage was 60k with a 5k deposit in 2016. We pay £360 a month on a take-home of around 60k between us.

magicstar1 · 08/03/2025 10:10

Take home pay approximately 6k per month. Mortgage is 995 per month.

Overthebow · 08/03/2025 10:10

I think you’ll be fine with a £200k mortgage on your joint income, no childcare fees and the prospect of a £10k salary rise.

Silentdream · 08/03/2025 10:16

Household take home averages 15k per month. We’ve never had a mortgage that was more than 10% of that figure.

We prefer using the money to fund new experiences and to invest for early retirement rather than buying a house bigger than we need.

Thethruththewholetruth · 08/03/2025 10:16

7k joint income mortgage of £390, don’t feel loaded like I thought I would when we got to this point but live a fairly nice life.

Original poster

Waisted · 08/03/2025 10:23

Seems both extremes here, huge combined take homes with tiny mortgages and some much higher mortgages.

We take home 5.5k on a flat month (DP does lots of overtime but that goes straight into savings) he wants to keep our mortgage repayments around £600. I am the higher earner and feel like we could afford more than that with me paying proportionally more which also reflects his deposit contribution (me paying more of the mortgage)

OP posts:

Whataninterestinglookingpotato · 08/03/2025 10:27

£70k household income and mortgage is about £850 a month. I’d say we’re fine. Neither super comfortable or hard up. We do have a dd in uni and another learning to drive so a fairly expensive time really.

Ineffable23 · 08/03/2025 10:29

Waisted · 08/03/2025 10:23

Seems both extremes here, huge combined take homes with tiny mortgages and some much higher mortgages.

But that's less than 11% of your take home pay? That's a very low amount to pay for housing in any situation.

Original poster

Waisted · 08/03/2025 10:31

He is very cautious. Because he is putting in such a big deposit he will own more of the house than me, if we divorced he wants to be sure he could afford the repayments by himself as it’s most likely I would move out rather than buy him out.

OP posts:

NewsdeskJC · 08/03/2025 10:47

We are through those years now but we always had the mortgage paymeny set at one third of our income.

PumpkinSparkleFairy · 08/03/2025 10:51

We took out a mortgage 2.2x combined gross salaries. On the higher side for me but I’m comfortable with it, especially as we have significant investments and pensions.

We moved from a 2-bed flat in London to a 4-bed detached house in the SE - essentially skipping the 3-bed semi stage. Very expensive area but it’s where I’m from.

We both WFH a lot and have since had a baby (will probably try for another at some point), so I’m glad to have the space and no need to move unless we leave the area.

p.s. worth being careful how you’re “dividing” the mortgage between you and making sure it’s fair - I put in more deposit than DP and we own as tenants in common, but we split the repayments equally.

Original poster

Waisted · 08/03/2025 10:59

We are planning to split it so that the total house value is divided by two, then his deposit comes off his half of the mortgage.

So if we bought a house for 250k, with a mortgage of 150k I would pay roughly 80% of the mortgage and DP would pay 20%

OP posts:

PurBal · 08/03/2025 13:03

We got a mortgage of £250k on a lower income than yours. We had £90k deposit.

PurBal · 08/03/2025 13:04

Sorry, hit send too soon. We bought a house for £320k but £340k was our max.

christmaspudding43 · 08/03/2025 13:46

I think it depends what the extra will get you. If it allows you to skip a stage then it's worth it bearing in mind the costs of buying/selling/moving. If it would otherwise be a big difference in terms of quality of life (maybe commute or other factors) it's probably also worth it. If it just buys you a nicer version of the same thing then it's harder to say although ultimately it's your money and your life.

We have a combined annual income around 125k gross and mortgage is about £1100 per month though we overpay on top of that. Child free.

Sockmate123 · 08/03/2025 13:48

Ours is about 25% of pur total net income. But we do also have a car loan which is about another 7%.
It used to be much higher when we first got our home. Mortgage was 2300, combined net income about 5k so nearly 50%...

ThatsNotMyTeen · 08/03/2025 13:48

Similar figure to you OP, I don’t feel rich but we have a comfortable standard of living

FondantFancyFan · 08/03/2025 13:51

£150k combined income and a £200k mortgage here.

Mellap · 08/03/2025 13:56

I am very cautious, so I have kept my mortgage to be payable in most cases - if I lose my job I can take a lodger and still pay it, if I have to get a minimum wage job I can still pay it, etc. My strategy is to get this house secure and paid down as soon as possible, and then if I'm still in a position, I'll buy a second property that I can let go if my income tanks.

I have a good job, but I'm in an industry that's being decimated by AI already, so I'm not making plans based on a secure middle class income for the next 20 years. Or 5 years. Of course things might be fine, but they don't feel that fine, right now.

Loveanewusername · 08/03/2025 13:57

Monthly joint income into the bank is bang on 4k

monthly mortgage payment 525£ but we try overpay most months (last month we paid £600 for example)

I would say we are comfortable, and in fact would be quite comfortable if we were a bit better with money .

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