I currently pay £975 to rent a 3-bed; this is 25% of my net income, or 16% of the gross. This is a nice spot and I have disposable cash.
I'm looking to buy my first home and the mortgage could be 28% gross / 46% net. This makes me feel uncomfortable at it being practically half of my net.
So, to get some perspective, what percentage of your income is your rent/mortgage and how do you feel about it?