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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

What % of your income is your mortgage?

305 replies

DeerMyDear · 31/01/2022 17:29

I realised I have no idea what other people do. For transparency, ours is 10% (household income £5000, mortgage £500. But think we might move house and up the % but then that feels scary. But maybe I’m being a wuss.

Just interested in what others do x

OP posts:
shivawn · 31/01/2022 22:26

7% of take-home pay after tax and pension deductions. We bought the house when we had much lower incomes than we do now.

Phrowzunn · 31/01/2022 22:31

32% of take home pay - we are a single income family at the moment so will be a lot better once kids are in school and I go back to work! 😅

Spidey66 · 31/01/2022 22:35

0%

Quincythequince · 31/01/2022 22:36

We massively overpay because come June next year, we don’t want to have to remortgage, and will finally be done.

We pay circa 38% of our net salary on our mortgage, and, and 63% of that is overpayment so next June, we are done!

Nogoodusername · 31/01/2022 22:38

37% of household income - stressful

JaceLancs · 31/01/2022 22:43

1/3 but I also overpay where I can

nanbread · 31/01/2022 22:43

About 20-25% of our net income, more like 30% with overpayments.

TheDoveFromAboveCooCoo · 31/01/2022 22:44

We are about 13% I think.

Mortgage free in 9 years and cannot flipping wait!

buddylicious · 31/01/2022 22:45

About a third.

10% is very low. After your mortgage you have £4,500 left. You can easily get a bigger mortgage!

Namechangedforspooky · 31/01/2022 22:48

About 22% but once the nursery fees end we will start overpaying again

CallMeK · 31/01/2022 22:50

About 40% but we are overpaying so our 25 year mortgage will be paid off in 12 years 🤞🏻

Youmeanyouvelostyourkey · 31/01/2022 22:55

24.5% of net salary and 15% of gross. Only 4.5 years to go

AuntyClem · 31/01/2022 22:56

About 15% of our gross monthly income.

CoverYourselfInChocolateGlory · 31/01/2022 22:58

25%. We have same monthly income as you.

Nemorth · 31/01/2022 23:03

50% of my income
17% of our joint income.

Socialcarenope · 31/01/2022 23:05

15% if talking before tax.

Xmasbaby11 · 31/01/2022 23:06

20% which is fine. It used to be 50% and nursery was another chunk- now that was stressful.

rambleonplease · 31/01/2022 23:08

Around 25/30% as we have a slightly variable income month to month.

Pea79 · 31/01/2022 23:10

39% of net household income (2 x FT salaries).

Grandville · 31/01/2022 23:17

22% single income household. 52% when taking my overpayments into account.

PiesNotGuys · 31/01/2022 23:22

Just over 40% of household income. I thought that was fine until this thread.

areweinthistogether · 31/01/2022 23:22

About 35%

Canuckduck · 01/02/2022 02:18

18% ish but we have a large amount of equity and it’s our dream / forever house that we just renovated. No other major debts.

misspercy · 01/02/2022 07:02

About 18% net, excluding any overpayments.

I could have gone higher, but it's just me, and I'm always very aware that if I end up out of work, there's no one else to pay the mortgage. I didn't want to push myself as high as the bank did.

Cheeseplantboots · 01/02/2022 07:10

Zero, we paid off our mortgage in our 30’s after buying in our late teens, when houses were affordable!