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

[clouds56]

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.

Combined take home pay £4,400 a month.
Mortgage £797

@HasaDigaEebowai

Why ask this. Everyone has different circumstances and so it’s meaningless to you. A more relevant question might be something like “if you earn £60k between two of you, how much can you afford to pay on your mortgage” but even then it’s pointless because everyone has different outgoings/responsibilities/approach to saving etc

Because you can work it out percentage wise that's why.

Take home (so after significant deductions for student loans and all the taxes) our take home is £5000- mortgage is £1428

Take home salary between DH and I is about £5k a month. Mortgage is £1,100 per month and childcare is £850 per month. We're still able to save a bit/overpay mortgage some months on that amount.

Because you can work it out percentage wise that's why

But even percentage wise is fairly meaningless, for example it's going to be a lot harder to manage a £500 mortgage on a £2000 income than it is a £2000 mortgage on a £6000 income, even though the percentage is higher in the second example.

It's not a personal dig at you, but it seems to be a curious feature of this site that people seem to ask questions that make no sense at all.

Everyone has different needs, priorities, lifestyle expectations etc etc that all these threads do is generate a string of random numbers, usually with no context, that fail to provide any meaningful information to the OP. Plus is a good opportunity for some not so stealth boasting in some of the replies.

@De88

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

Totally agree with this. Childcare is the biggest cost for us after our new mortgage. Roll on 2025 when we will no longer have to pay it!

@middleager

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

Mortgage will be 22% of our income as well.

Take home £4,000; mortgage is £670. I didn't want to go much higher, but I'll go back to full time hours in the next couple of years most likely, so will reevaluate if we decide to move again.

It's all relative, isn't it? We are spending about 30% of a £5k take home. That's vastly different to 30% of £3k, or 20% with full time childcare. I don't work, so we pay no childcare costs, DH wfh and doesn't drive so one mid range ten year old car and minimal travel. We have no other debts, a huge garden and are currently extending our living space so spend a lot of time at home with family and friends. I'm used to being reasonably frugal with food and energy costs, use Vinted for anything other than basics, and only holiday once a year, often in the UK.

We save a little, splash a little, and have a couple of investments due to pay out over the next few years which will cover the costs of extending.

Monthly take home £11k, mortgage £1.3k.

£1600 income
£700 rent

43%.

And I’m in a bog standard terrace in the Midlands.

@qualitygirl

Income approx 6200 after tax, pension etc Rent/mortgage 0

Out of interest what do you do with your surplus at the end of each month? We are in a similar position.

Combined income after tax etc: £7900
Mortgage: £950

I come £1700 per month, mortgage is £705.

Our mortgage is approx 15% of our combined take-home pay per month.

Household income 100-120k depending on bonus’s and our mortgage is £900 the rest of outgoings go into pensions, savings and childcare. Childcare is a similar price to the mortgage!

Household income is circa £5000. Mortgage is circa £1500

Combined income 80k roughly, mortgage £627 per month.

@WulyJmpr we invest some of it and save for the dc too. But we have quite a few holidays and experiences too. I think we have a good balance.,

@ThreeRingCircus

Take home salary between DH and I is about £5k a month. Mortgage is £1,100 per month and childcare is £850 per month. We're still able to save a bit/overpay mortgage some months on that amount.

Those figures will be almost identical to ours. I understand as people have said everyone is different and have different financial commitments etc but I'm just interested to know how people with a similar % mortgage/rent as us manage with the everyday cost of living and utilities etc. Apart from our mortgage and childcare our next biggest costs are ctax and utilities and then it's food!

@BarbaraofSeville

Because you can work it out percentage wise that's why

But even percentage wise is fairly meaningless, for example it's going to be a lot harder to manage a £500 mortgage on a £2000 income than it is a £2000 mortgage on a £6000 income, even though the percentage is higher in the second example.

It's not a personal dig at you, but it seems to be a curious feature of this site that people seem to ask questions that make no sense at all.

Everyone has different needs, priorities, lifestyle expectations etc etc that all these threads do is generate a string of random numbers, usually with no context, that fail to provide any meaningful information to the OP. Plus is a good opportunity for some not so stealth boasting in some of the replies.

I understand what you mean but I don't really feel I need to justify why I've asked what I have on here. I was just having a moment yday and thought coming on here and seeing others income/mortgage ratio would help me stress less (or more) about our new financial commitments. Luckily it's made me see our new mortgage/income ratio is very average and normal so I'm glad I did ask.

@AperolWhore

Household income 100-120k depending on bonus’s and our mortgage is £900 the rest of outgoings go into pensions, savings and childcare. Childcare is a similar price to the mortgage!

Is that a month?!?!

Take home £4-6k (dh is self employed so it varies), rent is £825.

We're in the midst of applying for a mortgage which have a repayment of circa £1600.

Net income per month: £9kish with a £8k a year bonus on top of that in the summer. Mortgage is about £900ish (we over pay by £300 a month).

Take home pay £4k, mortgage a nice round £1000 (officially it's about £920 but I overpay slightly each month so just picked a round number). That's just my income as the house is in my name, although my partner does contribute to some expenses.