What percentage of your net pay goes on your mortgage?

[Aviz]

Just wondering as I'm considering a move. Currently only spending around 14% of take home pay on a capital repayment and looking to double it to 28%. We have no other debts, so to me this seems easily manageable. Obviously everyone's circumstances will be different, I was just curious really. Some of my family and friends seem to think it's crazy, but they bought their houses for 2 Bob in the middle ages and have mortgages of 50p!

[Defcon5]

About 35%

[Marf]

13%

[Pothole]

0%

[tom_loughlin]

Until last month, and for the past 3 years I have been a shade over 50%

[Alfachick]

Depends on the month and time offshore etc. But I would say about 35% of my basic salary. Sounds a lot when I work it out like that.

[spud989]

Depending on the month, 40-50%.

But I'm just less than a year into my first home and single, so expected to be reasonably high.

[dustybottoms]

Currently in the process of buying a new house, mortgage will be increasng from 10% to 20%.

[Penny-lope]

20% or less

[VeeFour]

Pothole said:

0%

This.

[Randy Winkman]

Defcon5 said:

About 35%

Same here.

[Funk]

36%.

[Wanchaiwarrior]

Almost 50%

But then again, Im 43 and this is my first house/mortgage. Didnt save much for a deposit either.

[T84]

Surely it's a meaningless figure? Someone who's paying 50% a month out of £4000 a month is left with £2k whereas someone paying 10% out of 1000 a month is left with £900?

[XJSJohn]

We rent our home, rental is about 7% of my income.

We own a few properties that are rented out, and their income covers that 7% for our rental as well as their repayment loans so all told 0%

[mattdaniels]

357%

God bless my accountant.

[philmots]

Over our combined income it's about 20%

[98elise]

VeeFour said:

Pothole said:

0%

This.

Me also......one of the only benefits of being old(er)

[Scottydon]

About 35%

[zip929]

About 20%.