To ask what % of income you pay on your mortgage?

[ErinAndTonic]

Particularly dual income homes who can still afford holidays each year. Currently we have a smallish mortgage and I only pay 10% of my income on it, my partner earns more so covers the rest and all bills etc.

We're considering moving to a bigger house and our mortgage would treble. He can afford his portion and with my recent pay rise I would pay a third while he pays two thirds and the bills etc (he earns significantly more than me). At the moment we have several holidays per year and I'm trying to figure out what the average people are paying mortgage wise against their salaries whilst still affording holidays.

We tend to do two long haul trips a year and two short haul for example. We don't have to budget at the moment but would need to be a bit more careful if we moved, which I'm looking at but thought I'd ask here too. We don't have children so there are no nursery fees, childcare expenses etc to worry about so that does give us more disposable income. This house is incredible but I don't want to be bogged down in bills so that we can't enjoy our lives anymore, especially after the past few years!

Half of our mortgage is 12% of my take home pay.

About 30% of our joint income after tax. However we are making overpayments. Without those it would be more like 25%

@Kerberos

About 20% which is mainly because we are trying to pay most of it back before DC1 heads to university in about 18 months. We are mid 40s, and will probably refinance it to lower when she goes so we can support her (followed by her brothers).

650 to 1900 would scare the living shit out of me right now. We're heading into choppy waters so if you don't hate where you are at I'd try living for six months paying the 1900 off your current mortgage to see how that feels before you take a decision. This house sounds like it has your heart, but there will be others that are equally great.

Thanks so much. This is so true. I don't want to jump in with both feet because I've fallen in love with a house and then screw us over in other ways.

We are also considering renovating some things here to make it closer to the dream house - after looking at others valued a fair bit more than ours, I still prefer ours, so I don't want to regret my choice!

We’re about to move and ours will be 20% of our income after tax. It’s currently 10% so trying not to freak out but we lose the nursery bill soon so shouldn’t be much worse off.
However, we’ve always worked on the basis that one of us could pay the bills (very tight!) if one of us was out of work. Makes me feel happier.

34% of our joint income but that’s because we are overpaying so we can pay it off by the time we are 50. If we hadn’t increased our payments it would have been 10%.

We pay just under 35% of our combined income after tax. We also pay 4 days a week nursery fees.

We have very good professional jobs. We cannot afford any sort of holiday.

It’s whatever you’re comfortable with based on your own income/expenses, it doesn’t matter what % everyone else has (mine is 0 which works for me!)

Appropriately 4% of take home pay.

About 12% of our after tax income but I’m in Australia, bought 20 years ago when property was worth $200k, it is now worth approximately $950k. Property prices and rents are nuts here so we have an elderly relative living with us (for free) so she doesn’t have to spend 60% of her pension on rent. We are lucky in that we have a huge house and plenty of space as also have two teens living at home.

Was 5%, has been 0% for past 6 years as paid off. Income has increased in that time by approximately 2%.

We earn about £5500 per month after tax and our mortgage is £1700 so that’s 30% of our income.

That seems quite high compared to lots on here but we understand our budget really well and have what we consider to be a really happy lifestyle. We have 2 kids who are in school.

We have a couple of holidays a year but don’t waste money on new cars or drinking much.

Single income household. 15% of my income after tax is the mortgage. But I make overpayments.

Three holidays a year. Two overseas and 1 within the US.