a month. My current NET take home is £1000 a month. In current housekeepers opinion could i afford to keep this place on my own? Location South East
So mortgage £380, Take home £1000, deposit £100,000 property value £170,000
It will all depend on what kind of bills are going to cost each month as i have no idea, also i drive.
Any adivce or help is much appreciated
Update:thanks for the replies but not quite understanding what you mean.
Basically i will have roughly £600/£650 left over a month after mortgage. So bills etc will all come out of this.
Would this be sufficient to live on?
The property is 2 bedroom but i want to live on my own so no rent a room.
Thanks
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Answers & Comments
Verified answer
A quick google reveals. The safe limit is usually considered around.
36% of Gross monthly income going on the mortgage. Think my own is around 32%.
Since your net is is 38% your gross will be well below this.
But as i'm not an expert take as much as advice as you can find.