As a percentage - how much of your total monthly income is your monthly mortage payment

[pollycazalet]

Roughly?

And is there a recommended percentage for affordability?

Will come back and post mine when I have worked it out

As a percentage of family/household income or of individual income? Gross or net?

Household income and take-home not gross.

Am still working mine out

Am trying to remortgage

a third?

A third of our net income.

Just under 1/3

12% after today's interest rate cut.

Ours was 4% last year, but then we only have about 2 years to go on it . When we took it out, just over 18 years ago, I wasn't working & it was about 30%

40%

It always used to be said that to be affordable rent or mortgage should be not more than a third of your gross monthly income.

Ours is about 23% but we are still interest only and must get round to paying more off soon.

Unfortunately for us we went for a 5 year fix last May at 5.6% .

When I'm not working then 1/3.

When I am doing freelance 1/7th

About 20% when I'm working - on mat leave at the moment

Roughly 30% of our net income.

I believe iirc from my FPC exams that it was sensible to have your mortgage payments no more than 35% of your (household) income.

0% We paid off our mortgage years ago (runs away and hides)

if we do interest only with the new interest rate cut it would be 3% but we overpay to a third of our income to chop down the capital... swings in circles as no doubt value of property has gone down...

If you tell me how to work it out, I'll tell you the answer (maths is not my strong point)

30%. But we are slightly over-paying. We have 14 years to go but have set ourselves a challenge to clear it in 10.

About a third. We overpay by a tiny bit each month.

I reckon think it's It looks like about 30%

Minty my financial advisor says to go for a long fix at a low a rate as you can at the moment as the he thinks that rates are due to rise incredibly quickly in 18 months - a 2 years.

mosschops divide your mortgage payment by your monthly income, then divide by 100. So if your mortgage is £1,000 and your monthly income £3,000, your mortgage as a percentage of your salary would be 33% or a third.

around 25 - 30% but we have recently reduced the term of the mortgage so its paid off in just over 2 years instead of 10 years so we are effectively overpaying around £1,000 pcm

Ours was 47% when we bought our house last October.

Now it's 16%.

about 18%

That's 16% of DP's income only.

0% - I rent.