What percentage of your household income is your mortgage?

[celiastjames]

Just that really.

Looking at moving house and upping our mortgage significantly. Was going to ask how much disposable income was enough! But realise that's way too variable, so a mortgage cost as a percentage of monthly take home seems more insightful!

This increase would take us to about 35% of our income, just on our mortgage.

That ought to be your limit imo.

12% and a fixed rate if 2% forever (not in the UK)

Ours is currently about 12%.
I am likely to reduce my income soon which will take it to about 16/18%

It's not very helpful though because 35% if you're bringing home £6,000 a month leaves you with £4,000 after mortgage but if you earn £2000 net pcm you'll only have £1300 left for absolutely everything else.

Ours is 20% of our take home and it leaves us with £2400 pcm which is fine for the 6 of us in our midlands city with our old cars which we own outright.

13%

19%

25% which leaves me with £1500

17% but that’ll go up when our fix end. Probably to 25%.

Ours is currently 20% of our take home pay.

Leaves about £3.5k per month for everything else. Family of 4 in London.

20%, which feels high to me but we just moved so it'll change in time. Down hopefully! 😄

20%. Likely to move to 40% next year.

I'm not concerned because the 60% left is plenty for us to live comfortably on.

Like a pp said though, the % isn't really a great measure. Someone on £10k a month could comfortably spend 60% on their mortgage and still have an excellent quality of life on the remaining. Someone on £3k spending 60% on their mortgage, not so much.

6% but on a five-year fix at 1.8% - will end next year

33% but that's because I overpay and want it paid off in the next 3 year.

About 14% (though we make overpayments on top of that)

About 9-10%.

Not sure it’s helpful, as you only know what your expenditure is. Ours is 30%, but we have enough left over for a good food shop, treats, bills and savings every month for 5 of us. We’re in south east England. I want to start overpaying in the next year too, so it will probably increase.

Roughly 33% we recently remortgaged it leaves us with 5k per month for everything else so more than doable

£1600 and bring in £6000 so 27% we nearly moved and it would’ve gone up to £2200 so 37% but have decided against it as it’ll feel too much.

That's true. It's just difficult to work out what's normal and what's pushing it, and I was trying to figure out some kind of gauge, but realise it's totally dependent on individual circumstance.

I did an actual rate calculation and my percentage is wrong anyway, it's more like 32%. Which, with our income, gives us around £3200 left over for everything else.

I think about 33 percent of joint income is doable as it leaves 66 percent left for everything else.

Ours was about 6% but we paid it off last year, so 0% which is a nice feeling.

Mine was £90k a year at one point at its peak. However if you earn quite a bit then more of your after tax money is "spare" rather than spent on food etc so you can afford a much bigger percentage of net income on mortgage. I paid mine off last year.

0%

Do you mean gross or net pay? Some people have car/medical/shares/pension coming out of their salaries so it might not be comparable if you use take home pay as they will have already paid for expenses others have left to pay. Gross might be a better indicator as it may normalise for different tax payers.

25% as the fixed rate ended and it jumped up. That's on a single income after tax