Mortgage/Rent as a % of household income

[Truestorypeeps]

Financial experts think your rent/mortgage including mortgage insurance should not exceed 28% of your gross pay.

My mortgage was 20% of my net pay (after deductions), currently overpaying and it's 23.7% which feels manageable. For reference, I'm not including child support in my income figures (two children in Ireland, €280 per month).

What are your percentages, do you find your rent/mortgage affordable or a burden?

26% (after deductions) social housing and I get a bit more than nmw.

Surprised at how low most of these are! Mines just over 30% of net pay, but that still feels pretty comfortable.

However, only bought 3 years ago and didn't take out a long mortgage term.

That’s absolutely shocking!!!! Where in the country is that?

My rent is 55% of my income.

@PlanningQuestions that is awful. Is it london? The rental market is in a terrible state isn’t it.

Mortgage is 33.1% of our joint take home pay.

About 23% of net household income, private rented. Hopefully we'll be buying in a couple of years and that's likely to be closer to 35% of net take home.

Thanks @popsicle555 -Yes, London, and not a fancy part. Very much student level flat, though they try and make it nice for themselves. Was £700 per month per room ( plus bills), suddenly been increased to £1,000 per month per room (plus bills). All three moving out to try and find something cheaper. Young people are in despair, they need to live where the jobs are to get careers underway. But the cost is crazy. A very insecure feeling.

It was 20% but has just gone up to 26%.
That’s basic pay. I usually get a bonus on top of this. Feels fine as our household income is around £10k per month and the mortgage is £2600 per month.