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Monkey

Is This About Right?

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we are just about to rent our first place, the rent is high, but not too high, the house is perfect for us.

the rent alone works out to be 32-35% of our joint wage, will all bills on top. we can afford it, but would you say that the penctage of our take home wage is ok?

boh our jobs are as stable as they can be at the mo, we have been working for our companies for a long time, and if one of us was made redundant our redundancy pay (either of us) would cover our share of the rent and bills for about 6 months

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Yes I think rent @ around a third of your (joint) income is about the right proportion. :)

If you live in London/SE and earn less than £30k, that's your lot I'm afraid.

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we are just about to rent our first place, the rent is high, but not too high, the house is perfect for us.

the rent alone works out to be 32-35% of our joint wage, will all bills on top. we can afford it, but would you say that the penctage of our take home wage is ok?

boh our jobs are as stable as they can be at the mo, we have been working for our companies for a long time, and if one of us was made redundant our redundancy pay (either of us) would cover our share of the rent and bills for about 6 months

Lucky you!

That's round about the (international) norm. When I was first renting in the open market, the rent was around double that (for - basically - a slum).

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  • 314 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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