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What Is Your Rent/mortgage As A Percentage Of Takehome Pay

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After this response to one of my earlier posts on another thread I thought I'd see if I really am paying over the odds, or if others are in a similar position.

Happy voting.

PA.

We pay about 27% (roughly) of takehome on rent between me and my Fiancée. I wouldn't worry about RenterBob saying it was outrageous they you are paying 39%. He would still be unhappy paying 1% of takehome in rent, which makes you wonder why he doesn't go back to mummy's house.

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Approximately 15% to rent the current place. Should I be stupid enough to purchase, it would be double to service a mortgage on the property.

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After this response to one of my earlier posts on another thread I thought I'd see if I really am paying over the odds, or if others are in a similar position.

Happy voting.

PA.

Mortgage 27%. Throw in the insurance, mortgage protection insurance and maintenance/repairs and I suspect it's more like 35%.

I can't believe the rents in London. You couldn't pay me that sort of money to live in the world capital of rudeness and materialism.

Edited by Leodhasach

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We own our house outright, so mortgage/rent is 1/infinitieth of pay. But pay looks like its heading zero-wards too, so it's not all smugness!!

Edited by blankster

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We own our house outright, so mortgage/rent is 1/infinitieth of pay. But pay looks like its heading zero-wards too, so it's not all smugness!!

But that's the good thing about no rent / no mortgage - who cares if there's no job.

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no-one should pay more than 7.5% of take home pay.

f** the LL scum!

I am very happy. Last time I looked, the house was valued somewhere around 700k, Mrs. Spicy and I pay less than £1,400 per month.

We dont need to pay that much and could live somewhere cheaper but we have the cash and like living in a beautiful country house when its mostly funded by the landlord. Kind of hoping that she will want to sell it in 12/18 months time.

You may think the LL is scum but when they are willing to subsidise our country living, then I think she is rather nice. She even pays for our gardener! In our case LL = Lovely Lady.

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£300 per month on a 3 bedroom semi, 10min from the station. 40 min in to London Liverpool St. Peak value was probably around £220-230k

Only downside is I have a resident landlord (actually not a negative in my case, as he's a very good cook). I also pay half the bills, but I can't complain though as I get to use all his electrical goods and he drives me to and from the supermarket.

I also I get two of the three bedrooms.

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0%

I am 28 and paid off my mortgage.

Nice, but I hope that was acheived via a success story and not the bad way :(

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But that's the good thing about no rent / no mortgage - who cares if there's no job.

That's what one thinks until the reality occurs. Council tax, food, car to run, electricity/gas/phone/internet/water. Once you start to eat into savings, you start to worry - especially if the savings are modest.

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22%, central Edinburgh, not 'that London'.

Although I quite fancy my chances of finding somewhere cheaper, if my recent foray into viewing rented property is anything to go by. Lots of hard up LL's! Shame.

Edited by Mancghirl

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WTF!!! :unsure:

Most of you must be on £70k+ salaries or living in some of the cheapest rented accomodation in the UK.

Or am I thinking too Londoncentric?

or old enough to have small mortgages

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After this response to one of my earlier posts on another thread I thought I'd see if I really am paying over the odds, or if others are in a similar position.

Happy voting.

PA.

~15% but that is because I am in a flat share.

If I was on my own - onebedroom it would be up somewhere about 40/50%

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Are we looking at single or joint income?

As a % it's going to be higher for just my income but a lot lower if the wife's money is taken into account.

So is the question relating to household income?

That was a bit of an oversight on my part when creating the poll. I had intended it to be for single incomes, but didn't explicitly state that, so I guess the poll may be a little biased towards the lower end with some people using joint incomes to work out the percentages.

Oh well, I'll think a little longer before I create the next one.

PA.

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~15% but that is because I am in a flat share.

If I was on my own - onebedroom it would be up somewhere about 40/50%

I currently live in a house share, a very nice one too (and yes, I've seen some right dives). I pay 20% which includes all bills apart from telephone.

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  • 399 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% +
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      • Even
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      • up 5%



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