I'm on 16k and my friend is on 11/12k a year. Would we be able to afford a flat thats roughly £700pcm? Or essentially would we be able to afford to live together Including all bills?
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equitorium
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- 09-03-2018 13:13
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Student-95
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- 09-03-2018 13:23
Depends on how much you spend on other things but it's possible.
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Precious Illusions
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- 09-03-2018 13:25
Depends where you live? But you'd probably be able to afford it. Factor in council tax, bills etc it'd be £400-£500 a month max I imagine. Your friend may struggle a bit I suppose depending on his travel costs etc?
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- 09-03-2018 13:26
(Original post by equitorium)
I'm on 16k and my friend is on 11/12k a year. Would we be able to afford a flat thats roughly £700pcm? Or essentially would we be able to afford to live together Including all bills?Posted on the TSR App. Download from Apple or Google Play -
fallen_acorns
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- 09-03-2018 13:27
so you have around 1.3k a month, and he has 1k.
£700 is around 30% of your combined wage.
That's pretty normal for the south of England, but its quite a lot for anywhere else.
Where is the flat? If your in the north, I would question why its so expensive. The last time I was living in the Uk, me and my wife rented a 2 bedroom flat for £525, 20 minutes outside liverpool, big beautiful old house, looking out over a massive shared garden, big kitchen etc. I don't see why we would have wanted to pay £700.. to be honest, we could have paid closer to £400 and still had something reasonable. If your down in the south though, especially london then £700 is very reasonable.
Just be careful with your bills, manage your finances well and having 30% of your combined income be rent will not be a problem. (although be aware that it disproportionately effects your friends finances, if you are splitting equally) -
Tiger Rag
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- 09-03-2018 13:30
(Original post by equitorium)
I'm on 16k and my friend is on 11/12k a year. Would we be able to afford a flat thats roughly £700pcm? Or essentially would we be able to afford to live together Including all bills?
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equitorium
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- 09-03-2018 14:16
(Original post by fallen_acorns)
so you have around 1.3k a month, and he has 1k.
£700 is around 30% of your combined wage.
That's pretty normal for the south of England, but its quite a lot for anywhere else.
Where is the flat? If your in the north, I would question why its so expensive. The last time I was living in the Uk, me and my wife rented a 2 bedroom flat for £525, 20 minutes outside liverpool, big beautiful old house, looking out over a massive shared garden, big kitchen etc. I don't see why we would have wanted to pay £700.. to be honest, we could have paid closer to £400 and still had something reasonable. If your down in the south though, especially london then £700 is very reasonable.
Just be careful with your bills, manage your finances well and having 30% of your combined income be rent will not be a problem. (although be aware that it disproportionately effects your friends finances, if you are splitting equally)
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