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?

I think it’s a ridiculous overestimate. According to that analysis, mine should be paying enough to cover the mortgage, council tax and 80% of the gas/electric bill. Time to send them up the chimneys and take early retirement .

It doesn't work. I did my mum's house which is a big detached and it was £750. I did my terrace house it it was only £100 less.

It said I should charge my child more in gas and electric than I pay for my duel fuel!

£720
Obviously, I'm not going to charge them that.

I'll just chuck them out and let their room to someone else for £750

Back in the early 90s I had to give 30% of my wages to my parents and be a taxi service (they didn't drive), I paid for all insurance, tax and fuel.
I still had to do my own laundry, cook and clean my room.
It was cheaper to move out!

£633 here. I think, though, it depends on the rest of their outgoings, their age and their earnings. To rent a 1 bedroom flat near the station (which is 10 miles away from our home) it would cost £650pcm. So £633 including all the bills and food is pretty good really.

BUT, it costs over £5000 for a season ticket for the train here so that'd be £400 ish per month on top of the £633 or the £650 if they were private renting. If they're just starting out a monthly take home of £1033 per month means earning something in the region of £23-£25K per year to allow for saving and going out.

Mind you my cousin did charge the going rate for her girls when they started work - in this case she'd have kept £100 a week and saved the rest (because she knew they were pretty dire at saving) so when they got to 21 they had a nice little sum saved in secret.

I don't think it does any harm to let the kids see what they 'should' be paying - then see what they can get privately for the same amount. But I won't be charging DS that if he were working now. Our mortgage will be gone when he starts work. Might agree with him an amount to help towards OUR bills plus a bit for me to save - so he's actually handing over savings money regularly instead.

£890 - as I have just pinged our eldest £150 contribution for stag night deposit for second one with neither living at home.

What a load of utter crap. Doesn't take ANYone's income into account. The amounts that are coming up, no-one would even charge a fecking lodger!

And I would never expect mine to pay such outlandish amounts.

Good way for posters on here to brag that they have a high-value property though eh?

@thighofrelief101

Actually my parents charged me £650 pcm in 1990 - I only earned £800!

80% of your monthly wage, and £1500 a month in today's money?

You're kidding/taking the piss right???

£754
I am not sure a lodger would pay that to be honest...

£891 to be living back home in that shithole village with my parents. When my mum tried to increase my digs from £180 to £220 a month I found a flatshare for £250 (inclusive of bills) and never looked back

I was earning £800 a month and she didn't NEED the money. One month when I was about 19 I was short as I'd been off sick and she made me sell some of my jewellery to make up the shortfall.

Surely this is wrong if people are saying the amount comes up as more than the total rent for the property?

£600 for housing, utilities and food. I think it's fine! Good value.
Being nosey how op have you and your dh never earned £40k between you? Are you both part time? As average wage is £28k per person

£720?! That doesn't add up.

It makes no sense. My son is too young yet, but it comes out as £570 per month here, with £388 for rent. Yet next door is a four-bedroom house that rents out to four single people for a total of £850 a month all-inclusive (including Virgin TV and broadband). Much less - my son would move next door!

Mine said £698 per month

Looking at the rentals in the area I think this figure is based on if they moved out what it would cost them.

Even then I think you could still do it for cheaper.

Lovely room in a nice house with garden and a parking space nearby is only £475 per month and it includes all bills.

So definitely cheaper

Crazy nope it's true. I worked with a girl who gave her mum £20pw and moaned about it.

Just done mine and £641 per month but my daughter has a couple of years yet before she starts work

this is bloody stupid.and really not helpful to some people at the moment who are really struggling with this in their households at the moment.

I don't have kids but my (and bf) postcode came to £698.40.Our rent is £800. I guess we should have a kid and soon we don't have to work to pay rent.

My DD is 5, so I'm not sure I'll squeeze £510 out of her.

Me, my sister and brother each paid my mum £800 a month from 18 though (almost 20 years ago!), and that didn't include food.

Just under £700. More expensive to live at home then rent my flat!

£508.57!! more than our entire mortgage

I know it includes bills and food but that's steep!

tbh I would expect an adult child to pay something rent wise but buy their own food. I cant imagine gas and electric going up by £36 and £51 as the website suggests just for 1 extra person anyway!

I don't have any kids, adult or otherwise, but the energy bills are surely incredibly steep?

I put in my postcode, and it gave £350 for rent (ok, seems legit, I pay £1000 on the mortgage for a 3 bed, so 1/3rd of that). Food - £93. Again, about right.

But the energy bills of £39 and £50 - we don't even pay that for the two of us!

Tbf I was a single parent to a 4 year old and they fed us both and mum drove my son to school and back.

I moved into a 2 bed flat round the corner and the rent was £750pcm (housing benefit of £300 I think). With bills, food etc I was actually better off at mum and dads.

It’s not very accurate. It seems to think rent would be only £40 less where my parents live, compared to where I am. As you could buy 3, possibly 4 houses of a similar size up there for what we’d get for ours I’m going to say it’s a load of tosh. (It also gives a cost for gas, which is interesting, as my parents area has no gas supply....).

£852 here.

The figure for utilities is far too high, but the figure for food is half what it should be, which sort of balances things out.

The overall figure is almost exactly what our neighbours each pay in rent alone for a three-bedroom/person house-share, so it's not actually excessive. (In other words, the rent bit is too low.)