straw poll - what percentage of your family income do you spend of rent (or mortgage)?

[Kif]

... because I'm slightly alarmed we might need to spend more than half our income to get something genuinely big enough ...

[pinkspottywellies]

Not far off half

[CarGirl]

Gross or net?

We spend 15% of our gross (and that is our payments over 30 years!) I don't want to think about how much it is net, probably 40% at a guess.

[missingtheaction]

lone parent, only borrowing about 20% of the value of the property so only spending about 15% of my income on the mortgage. probably not a very good yardstick for you

[Kif]

net

[blueskythinker]

10% of net salary - but we bought smart before the housing market took off.

[TheGreatScootini]

40% of our combined wages every month.Interest only at the moment as well.

[Kif]

I wanted to spend much less - but I've had lots of from agents re: too few bedrooms for number of people .

[CarGirl]

How big is your family? We've got the cheapest 3 bed terrace in our area and there are 6 of us. I included child benefit, CTC, child maintenance in my income btw - if it were just on incomes it would be about 55% of net income each month (eek perhaps more)

[fiodyl]

18.5% of net income spent on renting a council property.

It would be 50% if we rented from a private landlord and 75% if we were paying a mortgage.

[sweetgrapes]

35% of take-home, interest only.

[ranting]

About 15 percent of our combined net income on a repayment but we both had the proceeds from two properties (one mine, one his) which we used as deposit and we bought before the market soared.

[dilemma456]

Message withdrawn

[ByTheSea]

About a third of DH's take home pay goes to the mortgage (used to be less but we've refinanced a couple of times now).