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.

I can’t believe how low some of these rents and mortgages are!!! Has everyone left the SE?!

Might be better and less outing for percentages? Our take home fluctuates because I’m a freelancer but has been a bit more stable the last year. Our mortgage + property tax (we live in the US and property taxes are a sizeable additional chunk) are about 1/3 of our combined tax home pay, if I have a slow month it can be half

Take home pay about 4.5k , mortgage is £300 for 4 bed house

That's shit for you. Sorry

Pension 6k
Mortgage £0

Take home about 10k per month. Mortgage is £1400.

Monthly income 3k after tax, rent is £700 a month for a three bedroom maisonette.

Sorry, that was for the PP who said their rent was 62% of take home!

Sorry I just thought I'd jump on and ask another question based on the answers to the original question.

Looking at some of the net income per month, it's got me wondering about the career/field of work done if you work in.

If you don't mind me asking, what do you all do? (You don't have to say if it's too personal - sorry for being nosey!)

Thanks x

Joint take home of £6k after deductions. Mortgage is £890. Will look to reduce term at renewal next year as we could easily pay more so would rather get it shifted.

Currently fantasising about the £32k income….although I assume to earn that much you don’t have a lot of spare time in which to spend your hard earned money! (Please don’t tell me it’s actually not that stressful or I may combust with jealousy )

Is that £32K PER MONTH??!!

Joint income £30k

Rent £565 a month

Combined take-home salary £4300 excluding overtime/bonuses. mortgage £745pm. About to start overpaying and have put d/d up to £1000.

Outgoings quite high though and have a loan and c/c of around £6k which we are making a large dent in. I was p/t for 15 years and started f/t in a new job 6m ago which is making a huge difference. Aim to be debt-free by this time next year.

57% of monthly income is rent

It is

being at a similar firm myself - that is £32k per month. a partner in a city law firm or a big 4 (ie the worlds biggest 4) accounting/financial services firms tend to make multi six figure profit amounts per year

obviously not everyone wants to be a partner for several reasons ie it’s stressful

sorry that was in response to @KobaniDaughters

it’s a huge/surreal amount of money i know

Our mortgage is 5% of our combined net monthly income. I bought the house 17 years ago when I was single on my income only. We've outgrown it and we need to move to someone better suiting our needs as a growing family - I've do doubt it will be a significantly higher percentage when we do.

Joint monthly take home approx. £6.5k
Mortgage approx. £1.1k

@Namechange466 I dare say there a huge number of jobs that people don’t want to do and are stressful but you’d still consider it a luxury to take home 10% of that

Comedy thread.

Honestly. Behave yourselves.

Take home combined salary £5,000 a month, mortgage is £1,300. DH thinks this is a big mortgage? Is it?

We have 1 DC in nursery 2 days per week so have less money than we used to and I work part time. I think these figures are ok?

Combined take home income is around £8k per month. I’m currently paying 20% into pension to reduce my net adjusted income to below a certain threshold annually in order to pay less tax and still get the 30 hours funded for DD at nursery.

Our mortgage is £1200 per month. Total owed is £100k but we’ve shortened the term to 7 years. Aiming to pay it off fully in 4 years.

My income is £1200 a month and my mortgage is £365 a month.

I am always surprised how high mumsnet income figures are. They are always way above the UK mean which is around £30k annually, £2500 monthly household income post tax.

The average UK mortgage payment is £723.
Typical home loan payments accounted for 29 per cent of homeowners' disposable income in the last three months of 2017, data from Halifax shows.

I am not saying people on here are necessarily lying but I would not take anything you read on hear too seriously as it is certainly not representative.

Exactly @twosticksandanapple, it's the perfect demonstration of how you can generate statistically inaccurate data simply by asking an unrepresentative sample of the population.

It's fascinating if you have an interest in such things.