To ask what % of your income your mortgage is/was?

[Youllneverseemeagainn]

I'd like to stick to x3 income, it might seem slightly conservative but would like to ensure sufficient money for repairs, maintenance, overpaying if possible and general saving/eventual childcare.
Just wondered what sort of percentage others have gone for?

As a multiple of our gross combined salaries its about 2x.

As a % of our monthly post tax its just under 30%, but we are high earners so that leaves a lot left over. Its also a high percentage because we started with only a 20 year term & we are overpaying it.

We have no other debt & no car finance so I'm comfortable its affordable.

In q3 2025 over a third of new lending in uk was to borrowers on high loan to income mortgages (so more than 3x joint income or more than 4x single income)

Something like 2.8 times combined annual income when we got it, and the monthly payment would've been about 20% ish of net monthly income. Been a few years, so these days the monthly payment is about 10%.

I would never have wanted to go 4.5 times income, but it's easy to say that when there's suitable housing available for much lower multiples. You have to weigh it up.

It’s 25% of our take home pay, which is about 2.6x joint income. 4.2x on my income alone.

When we bought this house, we maxed our affordability as I knew I would get a significant pay rise in the next six months (qualification). If we were to move again, I wouldn’t max our affordability again as I don’t have that luxury anymore unless I move jobs (which I don’t want to do).

When I took out my mortgage it was 3.5 x annual salary but actually took about half of my take-home pay.
When I paid it off (had moved by then and increased the mortgage accordingly) it was one of my lowest bills (less than my council tax for instance).

Approximately 3%. Unusual circumstances though.

When we got our mortgage (11 years ago) it was 4.7 times my salary and solely in my name but the monthly payments were £800 a month and my take home was around 2.8k so easily affordable.

It was just before the rules changed in regards to the cap.
DH was put on the mortgage 2 years later when we switched deals.

Ours is 12% of our joint income , easily affordable.

It was 10% of take home pay. It's now 20% after remortgaging for renovations.

Your mortgage might be based on affordability. You could be earning £30k but then only be able to choose a £90k house. Depending where you live that may not even buy you a garage.

the bank decides what they will lend rather than you anyway!! It’s crazy as people are paying £1500 rent but the bank won’t let them pay £1000 mortgage!!

Joint income £8,820, mortgage £1,500 so about 17%. We put down over 30% deposit so we got a good mortgage rate of 1.39% ... That will all change next year!

It’s about 22% of our household take home currently (£8200 take home and £1800 mortgage), but we paid off help to buy and borrowed more to do some works to the house so we’ve basically started again with a high LTV. Should get lower over the years, it’s not a priority for us at the moment.

Mine is about 20% of my income, single parent so only my income to consider. I didn't want to stretch myself as I want to overpay and reduce the term, only bought last year and I'm 45!

My RENT is 33% of my thp.

This country sucks for single people.

Are we talking remaining total amount or percentage of monthly income?

I bring home 2k a month. Current mortgage repayment is £300 a month.

About 16%

Ours is 16% but with 3 teens costing a bomb, I would be nervous to go higher. We could stretch ourselves but we’d have less holidays and more stress.

x1.5 but we did pay it off quite quickly, while friends with bigger houses probably pitted us we’ve had money to do other things. We probably need to buy bigger now, with a view that children live with parents longer as adults so an annex or land to build is probably required.

We are looking for a mortgage in the region of x2.5 our income

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6.8% of net income.

Edited because your post was unclear. Borrowing was just around 3 x one salary. We purposely chose not to over extend.

Wow, I find these figures crazy! And also very high incomes 🙈
Our monthly payment is around 37% of our joint take home pay.

Thank you, I've got the general consensus that borrowing 4.5+ is maybe not the wisest, even if possible. It reinforces my decision to stick to around 3x if possible.

We borrowed approx 4.5x times our joint income but we (and our lenders) knew our income would increase.
Our LTV is <30% now and our monthly payments are <15% of our take home.
So what multiple you borrow really depends on your situation.

Take home pay around £5000 mortgage payment is £550 so 11% we overpay though and only a few years left