How did you set your rent budget when moving in with a partner? I make £125k base (£167k inc bonus), and my boyfriend makes £95k base (£105k inc bonus). I’m used to allocating 30% of my take-home pay to rent, which is about £1800/mo for a charming neighbourhood in zone 1, but my bf’s used to paying closer to £1000/mo to live in zone 6 and balks at the rent prices I think are reasonable given our incomes and locations we want (zone 2). We both wfh so ideally want a 3BR. (Continued in comments)

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Posting as :
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Don’t do it
Anyone paying £1k to live in zone 6 is crazy

funnylike

Lol!

#firstworldproblems

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Sorry if sharing our comp details is annoying - I thought it would be helpful context for what’s affordable / reasonable

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Feel free to DM

My inner voice has always told me I shouldn’t ever rent a place with a partner I couldn’t afford to keep myself for a part of the lease should anything go belly up.

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Wow that’s a lot of context. We agreed to look at flats within a certain range (which spanned a high and a low budget #). Based on the flats, we were able to see the difference an extra budget investment would make — far more effective than arguing. We then picked one in our price range and alternated by month who paid the rent. Household expenses split casually: one person gets internet/cable, another electricity/water.

My recommendation: look at several in-person across both your ranges and then talk out/assess the differences and what you are willing to live with/without to make it happen

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Thank you!

With your salaries you can easily afford a nice place in central london. In our case we just agreed on a budget range (20-30% of combined salary) and started looking for places within that range.

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Thanks!

To be completely honest - it needs to be a shared decision. My advice, if you guys can’t make a decision on flat share I struggle to believe you will be able to make the tough ones down the road. My GF earns about 20% more than I do and we pay an exact 50/50 split regardless and the same apply to all other bills. Have a chat with him and find a compromise, it should be either a joint decision to live in Z6 or Z1 but either way - on a 50/50 basis.

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I don’t know which areas will you be interested in but we live in Brook Green, between Hammersmith and Kensington olympia and it’s a fab area, well connected, convenient and lots to do around here and rent for a 3bed is about 3-3.5k.. which should roughly work with what you both already pay now anyway..

A split ratio based on core salary seems fair.. that’s what we do and works well for us!

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I can second brook green- loved it

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1k in zone 6?? Is he renting Hampton court palace?

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I know you’re not married but me and my wife pool our finances together and see what we have in terms of spending. So if you both agree 30% is manageable, then pool it together and work it out like that. Relationships are all about compromise. Both of you want to be with each other and want to live together so keep reminding yourselves of that aim. Then work together to come up with a new option (rather than just going with 1800 or 1000). These experiences will help strengthen your bond

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We could just each pay what we’re willing to pay, but that does mean I’ll be contributing almost double. That doesn’t sit well because our combined earning contributions are 57 me/43 him when we look at salary and 60 me/40 him when we look at total comp. Alternatively, we could agree together on a percentage contribution from our take-home pay that we each contribute, which means our actual contributions would be proportionate to our respective earning, but our rental budget would be lower.

We agree it’s too early to combine finances, but obviously this is a significant financial decision we are making as both individuals and as a couple. All advice welcome! Except for advice like “just buy a house in zone 5” 😂 we’ve already gone through the process of finding some good compromise neighbourhoods for us both and know we want to rent for a couple of years before buying together, so it’s now a matter of how nice and how functional a place we’re able to get.

Which neighborhoods did you agree on?

likesmart

Me and my partner are similar. We split the rent based on our base salary for the month (excluding bonuses). So in your case, 57/43. Which is fair and also aligned with you wanting to pay more/live more centrally anyway.

However, we also wanted a 3bdr but the rent for those in a central location is ridiculous. We found it much better value to buy a house together, assuming we will be in london for next 3-5+ years.

Edit: sorry just read you weren’t ready to buy. Hopefully I helped with your question regarding splitting the rent

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