Mortgage as a % of take home pay

[Needmorecoffeeortea]

Is there a sensible guide for this? I’m looking at houses and we are moving to a more expensive area. Our current payment is around 12% of our joint take home pay. In the new area it could be more like 30% for the type of house I want. It makes me nervous!

It’s about 20%.

OP, don't be too hard on yourself. You do save £1200/month so it isn't all doom and gloom. Unfortunately, unless you manage your expenditure, it definitely is possible to burn through ridiculous sums.

@dodgeballchamp 30% would be just mortgage. It wouldn’t include bills etc.

I just worked mine out after another thread and it’s 35%, on a fixed five year deal, we overpay and we have enough savings for 3 months if something bad happened.

Suddenly feeling like it’s a massive risk after everyone else’s views, but we are where am we are. Most other people earn more than us but are also mortgages up to way more than us (London).

35% mortgage and bills.

Surely the amount of actual cash left after the mortgage matters more than the %?

50% of £2k leaves you struggling
50% of £6k leaves you doing nicely.

@TheRedBarrows yes that is very true! My calculation is that we would have around £1900 left after paying mortgage and bills but not including food, car repairs, petrol, gifts, savings.