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Original poster

What's your income and what's your mortgage/rent

199 replies

clouds56 · 01/02/2022 19:01

I'm just curious to know what peoples monthly household income is and how much their mortgage/rent is?

The reason for me asking is because I am moving house soon and our mortgage will be going up by quite a lot but our household income has also increased. Although we've done all our sums and the bank are happy to lend us the money I am still feeling anxious so interested to see what other peoples monthly income and mortgage/rent is? And whether you find it manageable or struggle.

OP posts:
FrownedUpon · 01/02/2022 22:33

Income 6k. Mortgage £550.

whereareyousleep · 01/02/2022 22:53

Combined Income £3600
Mortgage £525

treesandweeds · 01/02/2022 23:08

@BoodleBug51

Joint income £80k Mortgage/rent £0
How on earth do posts like this help the OP?!! 🙄🙄🙄
De88 · 01/02/2022 23:14

Our mortgage is about 25% of our pay after all deductions. It's affordable but would be much more so if childcare didn't cost the same amount as the bloody mortgage

Bluegrass22 · 01/02/2022 23:20

Combined income is variable from £3k to £6.5k pcm and mortgage £700

Rotherweird · 01/02/2022 23:20

Take home c £3k, mortgage £800.

User0458832 · 01/02/2022 23:24

Income £300k, mortgage £50k

CallMeK · 01/02/2022 23:25

Take home 10k and mortgage 3700 (overpaying).

CallMeK · 01/02/2022 23:26

Sorry should have said that's per month

Masdintle · 01/02/2022 23:26

Take home £1600 rent £700. Life is shit

Dogmum40 · 01/02/2022 23:28

We run 3 businesses so we earn around 18k per month at the moment and after taxes we come out with around 14k (give or take) our mortgage is 1900 per month plus we over pay but we also have a second home (husbands from the area of our second home (we use both regularly) which is 850 , so our total is 2750 a month

Lbnc2021 · 01/02/2022 23:28

Take home £2400 rent £370

sweetkitty · 01/02/2022 23:35

Just worked out our mortgage is around 15% of our joint net take home salaries which looks good on paper but there’s lots of other things to consider. We have a home improver loan on top of that which we pay off quicker than the mortgage which we used to build an extension, we have 4 teenage DC so our food bill per month could be as much as the mortgage. I think you need to look at the bigger picture of total incomings and outgoings not just the mortgage/rent

TokenGinger · 01/02/2022 23:51

Combined net income of £4,000 pcm

Mortgage - £425
Nursery - £470
Utilities - £330

Greene777 · 01/02/2022 23:59

Take home approx £32,000 pcm net. Mortgage is £6k pcm. Does that help OP?
(High income = partner level at Big4)

middleager · 02/02/2022 00:08

Mortgage 22% of what we earn. Greene's mortgage is far more than we earn Sad
What is Big4???

ihaveonecat · 02/02/2022 00:17

Take home approx £1600pm (varies between £1300-1800)
Mortgage £385pm

Greene777 · 02/02/2022 00:35

@middleager

Mortgage 22% of what we earn. Greene's mortgage is far more than we earn Sad What is Big4???
Big 4 = term used to describe the 4 largest professional service networks globally ... Deloitte, Ernst & Young, KPMG and PwC.
Namechange466 · 02/02/2022 00:42

£12k net pcm, £2.5k mortgage.

funnily enough director level/ associate partner at big 4 firm - i need to get to partner asap based on the above!

Namechange466 · 02/02/2022 00:45

Although OP I doubt this does help at all as people are just different. I think it will just come to your own personal budget in the end and what you feel comfortable with.

Will the value increase - can you refinance in due course? Can you overpay? Pay over a longer term to reduce your interest payments? Or fix for longer for certainty (even though may be a higher interest rate).

SeeminglyOblivious · 02/02/2022 00:48

23% of net monthly income.

holdyourheadupyousillygirl · 02/02/2022 00:50

Net monthly income £1700
Monthly mortgage £540

bellsbuss · 02/02/2022 00:50

Between 6-6.5k a month, mortgage £1100

runningoutofnewnames · 02/02/2022 00:51

Take home £1,470. Mortgage £0 (owned outright).

hopsalong · 02/02/2022 00:58

About 12k a month net, mortgage 2.5k (but thinking of taking on a second one!)