InvestingProperty

How Much of Your Income Should You Spend on a Mortgage in the UK?

TL;DR: You should try to spend no more than 35% of your gross (pre-tax) income on your mortgage. A more conservative recommendation is no more than 25% of your gross income. If you are currently in the market for a house you will first need to figure out exactly how much you can afford. There are a lot of costs that go into buying a house and even a scrupulous planner can get overwhelmed…
Read more