Deeply personal and slightly cheeky question about your finances

[squeezysparklyballs]

Can I ask what percentage of your household income, your mortgage is? Trying work out what is reasonable

25%

(That's net income)

Ours is 35%. It’s quite tight but we are gambling on salaries increasing over time.

50% of net income.... I thought I was doing ok, clearly not!

18% of joint income. We overpay another 10-% when we can though.

18% of joint income

About 33% of our net income, but we're about to up it to 40% when we get a bigger place. The only way we can get a decent size (or any) house in London!

We're probably not moving after that, we're hoping it eases up over the years.

37% of net income

0, we're mortgage free now but it is all relative. We've a small household income now-32k odd & so it's not as great as it would have been 20 years ago & likewise, we'd be really struggling now with a mortgage.

Overpay where possible!

It's about to go from 20% of joint net for income to 33% when we move/upsize.

That doesn't include bonus's though (DH can earn up to 50%) and this will be used to overpay the mortgage so hopefully the percentage will gradually go down over time.

At the moment 10% of our net income. We are in the process of moving so it will go up to about 18%.

Around 30%.

We've just remortgaged from 17% to 12% of net take home joint wages.

Mine is about 30% but I don't have any other credit cards or loans so it is manageable.

18.5% of combined household income.

Combined net income that should say

Monthly payments are 3.5K; net monthly income varies depends on how much I work (I'm sessional) from 10-15K. So the % varies but at its 'worst' is roughly 35%. This is fine on the income we currently have, but when we were earning less then spending more than a third of our net income on mortgage would have been uncomfortable. So I don't think it's the percentage alone which is important - you need to look at the whole picture.

We don't have mortgage yet, but from the calculations by our broker, the mortgage will be around 30% of our net household income

Mortgage will be around £1200/month

Recently remortgaged bringing it down from 35% to 14% !

Oh sorry but as an SAHM with the youngest 4 and many health issues, living in a council property I afraid I can't reply🙄

Hmm around 20-25% appears to be standard

What's your point Emms?

I think TyrionsNextWife is right. Percentage is not that useful a measure because if a 'tiny' 10% outgoing on mortgage payments left you with £500 a month you'd struggle. You need to look at the whole affordability picture.