What % of your income is your mortgage?

[User135792468]

I have seen similar threads but they all tend to either mention a specific amount for the mortgage (which doesn’t take into account income) or a % (which is hard to understand or compare if you don’t know the age of the person posting).

Therefore, can I ask what % of your income was your mortgage when you were either mid 30’s or when you had young (pre school/ primary) children?

We fall into both categories and currently pay 14% but will soon move and go up to 30%. It feels like a big jump so am a bit nervous, even though we have done the maths many many times and know it will be fine.

Right now 0% as we own what we have outright, but we will be taking out a self build mortgage over the next year and building a new house on site. That will take us to 25% of or current net income.

We have two primary aged dc and i'm mid 30's

12% of our joint net monthly salary. Mid 30s, 2 DC aged 6 and 4 and 3rd on the way.

About 5%. 2 year old and 12 year old, mid 30’s.

Same age and situation as you, 16%

I don't think a % helps - 20% of £5k means you still have £4k for childcare and everything else. 20% of £2k means you have £1600 left for everything else.

Mid 30s ours was probably 40/45% and we had 2 x nursery fees. Was too much but knew income would increase.

About 20%. We're late 40s and have two children. It was probably a lower percentage when we were mid 30s because I earned more and we lived in a smaller house then.

Mid 30s would have been 30% plus. No kids at that point but were planning to.

20% when in mid 30s with 1 child. Youngest is due to start school and the mortgage is now 18%. This will probably go up if we move up the ladder further.

About 10% I think we only have 3 years to pay late 40s.

30% but we overpay so could be a lot lower.

Thanks for the replies so far.

I agree @Africa2go, I just wasn’t sure exactly how to word it without asking for people to disclose too much information like salary etc. I thought % at a specific age or stage would be the best indicator?

15% of our net pay

22% single parent income.

Early/mid thirties with one child (currently on mat leave). Currently 17% although will drop to 15% if I get a new job that I’m interviewing for.

Conscious that the 2% will more than be taken up by childcare costs though.

We needed to have a 25% deposit due to visas and have a 20 year term.

20% but feeling a bit concerned by seeing others answers!

Early 30s with two Primary age dc, our mortgage is around 10-12% of our joint income.

Of our joint net income, 20% mortgage and a further 15% on nursery fees.

In the 80s, at one point our mortgage was almost 50% of our net income.
By 2016, when we paid off our current mortgage it was 20%.

We had a 20 year term and paid it off 3 years early.

25%, but we will be mortgage free by the time I'm 48, as our mortgage was only 25 years. I gather 35 is normal now (according to our adviser). If ours was over 35 from now it would be 15%.

This is depressing. Ours is about 30% which I think is the highest so far. Childcare 10%. This is why we have no money!

About 14% of our combined net pay (excluding any bonus etc.) We are planning to begin overpaying it once we have built up a bit more of a savings pot again after extending.

26% - one in primary school and one moving from nursery to primary school in the summer. Percentage will go down a bit as I'm moving from part time (4 days) back to full time.

21%. We're mid 30s with a 2 year old

23 %.

If I get any overtime /bonus payments I also stick 20% straight in as mortgage overpayments which helps chip away at it.