1800 per month in the North

[Tonto37]

I'm on just over 36k. But after tax, NI, pension and CM for DCx2 of 500 I'll take home around 1800. I live in the north of England. I have a mortgage on the family home but my ex will be taking care of that until she buys it off me. We are joint owners.

I'll be renting somewhere for around 500-600 let month.

For someone single, is 1800 enough? How tight would it be?

The last resort is going back to my parents which I want to avoid if possible.

Any insights or advice would be appreciated, particularly those living on similar money. Thanks 👍

I earn £2300 but I don't have kids. I live alone. My breakdown is as follows:
£629 mortgage
£95 council tax (lowest band)
£120 bills (no TV, no subscriptions, minimal appliances, 2 bed flat)
£160 groceries (veggie, teetotal, no takeaway)
£150 travel (train, no car)
£400 general other stuff incl clothes, self care
£800 savings (currently putting into house renovations)
Hope that helps

Thanks for recognising this!

Thanks for the breakdown.
It's a very decent wage for some areas and certain circumstances. Just not mine haha

I'll escape the food bank so I can't complain. Fortunate to have a wonderful car but it's also quite practical as well. My last lease I made 5k from because of the increase in the value of used cars

I'm a LL and I let a 2 bedroom house with a very small back yard in Hull for £550pcm. I let the 3 bedrooms in Hull at £650 pcm. It covers the interest only mortgages, repairs/maintenance and things like gas certificates and insurance. I get about £100-£150 pcm on each house let out left over.

You should manage and remember to apply for the single occupant 25 percent council tax discount also get a water metre if you can as for 1 person you'd half your water bill.

If its a joint mortgage then he is jointly liable for the debt.

It's good that they are amicable but many aren't and it's perfectly possible for the other party to seek to enforce payment.

You are right that I am liable for the debt. From her point of view, she could be greedy and childish and decide that she wasn't going to cover my half. She is aware that my rent is substantially more per month for an inferior property. She is aware of my financial position. So it would be a risk for her to ask me to pay up. Ultimately it could lead to us getting repossessed. If that happened we would both lose our money we have put in, she would have to find somewhere to rent. More importantly, the kids' lives would be further impacted. Of course if it came down to it, I would not allow this to happen and would reluctantly pay my half again.

And just like she could ask me to pay my half, I could walk back into the house any time and say I'm living there. We are both being fair and reasonable.