%ge of salary that you spend on housing??!

[suzydelarosa]

I'm in the midst of moving down south - which is v expensive - and curious to know how much %ge of your salary (either individual or joint) is spent on housing, just the actual rental or mortgage not the ancillary costs like council tax, heating, gas etc.

Again, It can be rent or mortgage; just wondering if the one-third rule pertains or if people spend a lot more, eg. 50% of their salaries.

Thanks everyone! Am starting to count the pennies already...!

Northants / Oxon border - 35% on a mortgage - although hefty council tax is 7%, house nothing special 3 bed detached, small town

Thanks everyone. It's Oxford and Oxford city centre is v expensive - cheaper to live out but that means a lot of driving and might be challenging as I'm single. Finding a 2 bed property for less than £900/month is tough.

Am regretting getting a divorce - ha ha!

25% of joint income on our mortgage. We are in the south west. We bought our house nearly 10 years ago just before the prices shot through the roof.

24% of joint income but we have recently remortgaged and taken 3 years off the term of our mortgage so only 11 years to go now

It was 18% of joint income before we remortgaged btw

I live in Oxford city centre. We rent a one-bed flat for 670pcm. I agree it would be tough to find a two bed for less than 900pcm, but maybe possible?

If you can keep looking over time, bargains do come up.

Botley would probably be a good bet - it's not too far out, just about possible to walk (not with children though) and easy access on the bus, and they're regular. Botley road is also not bad, though noisy and more expensive.

I do think Oxford is pretty good for bus transport, if it helps.

I am in the CI and pay about 33% of net salary on our mortgage

(Oh, sorry ... and I didn't answer the question. I'm not sure right now as DH's salary is changing and he pays foreigner-rate taxes, so we don't yet know how much it will be. Up to a couple of weeks ago it was nearly a third of our pre-tax income.)

When we had a mortgage it was about 15% of our joint income. We bought well below what we could have afforded and had lovely holidays etc. We are now stuck in a 2 bed house with 4 people and the thought of moving and having to get a mortgage again is a bit scary.

It's easy to say in hindsight that we should have bought our three bed house for our first home, but then we would have not have been able to have travelled as we have.

I guess our years of struggling a bit and going without will come in our 40s rather than our 20s. Ah well. We can't live our lives again can we and I don't regret the travel apart from when our house looks like youth hostel wet room because we have no porch type area

over 50%

Usually its 25% of joint income. Currently more like 50% of joint income as am on Mat Leave. It's tense times.

About 18% goes on the mortgage.

single parent

40% of my income goes on the mortgage

about 50% of my salary, and we are in North London. It was about 20 to 23% of our joint salary before DH got made redundant 2 months ago.

25% from 1 income I am a sahm.

About 30% for us and our house is in Hampshire

22% just of salaries but less when you factor in cb and tcs. Its gone down loads now so even though we are only on near minimum wage we are doing ok. Our place is south coast and we are both in 20s

When we moved here it was around 30%, and now 6 years later it's just over 40% (factoring in rent increases and salary decreases). More than I'd like tbh, but we need to move relatively soon (v small house, 2 growing boys) and it's only going to get worse.

About 50% here - renting. Can't save up. Pay is frozen... Usual renters story!

10% of joint income as we have been overpaying the mortgage for the last 5 years.

Around 21% of Joint, net income here (salaries, not incl ch. ben), but we are coming towards the end of our mortgage and are overpaying what we need to, by having re-mortgaged to reduced the last few years.

about 15% of our joint income before tax for a four bed house up north (rented). We spent the bare minimum on our house in order to have more money for other things.

Am in London and was paying about 25% for our mortgage.
We sold to rent (got asking price, couldn't find anywhere to buy) and are paying about 40% for our rental. It is 2000 pcm which is what houses rent for round here and we had trouble convincing the landlord we could afford it.
Now moving on and new mortgage payments will be about a third of take home. Leaves us with 3K for everything else though and I feel comfortable on that. A lot of affordability is how much is left, not just the proportion.

Over a third of our combined net salaries after childcare. But we also have irregular, self-employed income that takes it down to only about 15-20% on average. South East.