To think no adult kids would agree to pay this!

[Cruelstepmother]

Just found this 'how much rent could you charge your kids' calculator! www.comparethemarket.com/home-insurance/content/pa-rental/ - they suggested my cuckoo-back-in-the-nest stepson should be paying us £593.80 a month. What are your views?

Oh what a joke, it said £624.40 for mine. That's more than it costs to rent a 2-bedroom house round here.

£977 per month

£720 here. If all 3 paid that it would nearly cover the mortgage. Unfortunately, have about 10 years to go still I can start charging any of them. Maybe with inflation by then I will be able to become a lady of leisure

The gas and electricity calculation is more than we pay for the whole house monthly, so I dispute that. It calculates that based on the average wage here they would be handing over more than 50%

£480. I'm obviously in a deprived area 😅 I need to move then I can start charging dd3 more 😚

I've just checked for an area where we've got a rental, a 2 bed flat. The rent component is probably about right - if you were sharing a 2 bed flat!

But that's a very different thing from a room in your own parents' house.
I'd have thought about half these rates would be more than reasonable.

£608 . That three quarters of our rent!

Mine’s £534. Adult DS pays £250.

Lol! Nonsense. Ours says £800something based on £704 rent. But there are bigger double rooms for rent in flats nearer town (next postcode) where young adults would much prefer to live available now for £500.

I don’t get making a profit off your kids with board.

Assuming you are not planning to move to a bedsit the minute they move out then you’d be paying you mortgage/rent, heat the house and council tax and tv licence, internet regardless of whether or not they lived there.

It’s only really extra electricity and food/toiletries and if they choose to pay for Sky or the like.

Parents should not make a profit from their DC

However, many low income parents, unlike the better off mc, can't afford to keep another adult - or several - once they no longer receive benefits for them and once they affect the Council Tax

In such cases, DC who are earning should pay in full the extra they cost:

so calculate together their share of utilities, groceries, petrol, council tax etc
and the DC pay their own phones, tablets, clothes, going out etc

but not mortgage or rent, because the DC don't increase those costs

Just work it out fairly. Two parents, one adult child. Each pays a third of the mortgage/rent; a third of the gas, electricity, council tax, insurance and food. In my ds's case it works out at £320 ish. Shame he doesn't pay anything!

£736.28 which is absolutely nonsense DD nearly had a fit when she saw it. The amount they suggest for rent is only slightly less than she would pay a month in rent for a 1 bedroom flat, gas & electric costs are again too much and food cost is way to low.

I don’t get making a profit off your kids with board

Nobody is making a profit - they are joking about the website

Parents should not make a profit from their DC

What?

Where does it say that? I didn’t sign up to that!

(Joke...my ds1 is moving out permanently and id pay him to come back)

£750 here. Our mortgage is £569. Loada rubbish.

Many parents have no option but to charge their adult DC rent. If they don't, they won't be able to house them.

If you are a single parent renting a two bed flat, and your DC turns 18 and starts work, you might lose tax credits and maintenance payments and be unable to pay the rent without a sizeable contribution.

The difference between renting a one bed or two bed flat where I live is about £500 a month (not London and checked just this second on Right Move) Add on increased council tax and other bills and you can see that some parents will be in a position where they get a contribution or have to downsize and adult DC will have to find somewhere else to live anyway, where they will be paying market rent.

£603.28 it says for me to charge my son. A bit much when I'd want him to be saving to get his own place.

I have two adult sons at home.
By that calculator
Rent £401
Food £107
Gas £46.48
Electric £66.32
Total £620.80
They each pay £300 pm split £100 to me and £200 in a help to buy isa and put as much as possible from their wages into a saving account. On top of the isa they have both saved an additional £5k so far this year.
They buy their own food although they can and do help themselves to odd bits I buy. They buy their own personal items.
I only work part time and so they both earn more than me but I have no mortgage so no housing costs but my house is quite large and expensive to run so as long as they are saving I am happy to just have the £100 asna contribution towards the bills

We charge our DS £600 a month and used to save it for him but since myDH was made redundant we can’t do this any more.

To be honest, it is better for the adult child to pay towards his or her keep so that they have a foot in the real world. Spending one’s whole pay on self indulgence does not make for maturity or a pleasant person.

We charge our DS £600 a month and used to save it for him but since myDH was made redundant we can’t do this any more.

To be honest, it is better for the adult child to pay towards his or her keep so that they have a foot in the real world. Spending one’s whole pay on self indulgence does not make for maturity or a pleasant person.

I wonder what they are basing the calculation on. I apparently can charge £150 per month more at my house than at my parents, even though their house is worth 2-3 times mine.

I wonder what they are basing the calculation on. I apparently can charge £150 per month more at my house than at my parents, even though their house is worth 2-3 times mine.

Bloody hell!
Mines come back £570 with the rent being £400!! The entire Mortagage is under £480! Between the three children we could end up with a very comfy retirement!
I'm starting to reevaluate our plan of ditch them and run at 18.

My friend pays her parents £700 a month and only warns about 20k. I fell off my chair when she told me.