Mortgage repayments and take home pay

[SpecialHandsMummy]

AIBU to ask you what proportion of your household take home pay goes on your monthly mortgage?

50%

1/3.

I think affordability does depend on the salary though eg 1/3 of £6000 would still leave £4000 over for bills etc.
1/3 of £3000 take home would 'only' leave £2000.

Are you arranging a mortgage?

They have to take all your other commitments into consideration. Existing outstanding loans, council tax etc.

25%

About 19%. I've always heard that your shelter costs should be about 35% of your income.

35% About 55% on bills overall.

about 20 percent?

30% for mortgage.

14% thanks to a helping hand on a deposit from PIL.

35%

About 1/6 .

We do overpay by 150 a month or we'd be paying it off for another 18 years.

We should really overpay by much more.

Mortgage is £600pm
Total monthly income £3600

About 1/5 of DHs take home pay. Approx 1/6 of household income.

Sorry, ignore my earlier post. I thought you were applying for a mortgage. I'm mortgage free now, my last payment was in June and we were only paying about 10/12% at the end.

it was 50% but because our income has gone up and the rates are so low its a lot less now. At one stage we were finacially crippled because the interest rate was 15%

25%, although I generally overpay by as much again. I want that mortgage gone.

35% , which used to be the recommended maximum until house prices became ridiculous!

you lucky lot. 63% here...(London)

15% which is far too little but we have other debt to service unfortunately. Would love to pay more.

Don't actually have a set income as such being self employed but now interest rates are low it is only around £800 a month (interest only) hopefully they will stay low while we are overpaying every spare penny we can as at one time it was around £3000 a month so trying to knock as much off the capital as possible while we can

20% of joint income. We are always talking about how we should be paying more and making overpayments but never get round to it

Approx 1/3 goes on mortgage and household bills (gas,electric,TV etc) then I have probably another 25% on personal bills like mobile phone, gym, DFS repayments and credit card payoff. income is around 3k take home, mortgage £470. Once the credit card is paid off I'm going to start overpaying on the mortgage.

I just worked out our mortgage is 18.5, childcare is 50%!

Yes, we are getting a new mortgage to upsize. Current mortgage (with some overpaying) is only 15% but after move (without overpaying) it will be more like 30%. Worried that it will be a shock to the system but hoping it will be manageable. No other debts.

our childcare costs are another 18%