How to split rent as a couple?

Dis86 said:
And what we're stating is you don't have to live in London to get those things. Believe me, I lived there for 15 years! There is nothing that was available there that I can't get here. As you say there may be less variety in some aspects but there are on the other hand many things you can get here that you cannot get in London.
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For me, having moved from London to the periphery and commuting in, the thing I miss most is the food.
 
Quality of life living near inner London is appalling for the vast majority. I know people on £100k & even then they only seem to be able to afford a distinctly average residence.

The smart money lives outside the m25 & commutes in. Takes about the same time as going a few zones on the hateful underground. I bet it's nice down there in this weather :p

Op, they will be a pain to live with & life's too short to worry about such bs. Keep looking imo.
 
Thanks for the input guys, most helpful. Looks like abandoning the current housemates is the only option if they do not see reason in what I have to offer.

Yes, the rents in London are excruciating, but hey ho, what can you do.
 
PureAppleJuice said:
The fairest alternative would be, I feel, is to pay on a 'room basis' then divide the 'communal area' by the number of people in the property. But I don't think that'll have any dice.
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I agree. The others are idiots/unreasonable if they are rejecting your proposal for them to pay only £700/month each. If you stayed there on your own presumably they'd need to be paying over £850/month (£2600/3). I'm assuming of course that the room you are sharing is not massively better than the others. Tell the housemates to share a room and you and the gf have one each?:)
 
garyh said:
I wouldn't say easily. The average contractor rates for London are around 450pd (and can sometimes be less).

There are usually around 250 working days in a year. Assuming most people want to take at least 20 of these off that means they are left with circa 220. So capable of earning roughly around £99,000 before tax.

This also assumes you have a year long contract and do not go through any down periods in the year.

I see very few contractor roles in excess of 600pd unless it's a very specialised role in a very specialised industry vertical.

Even at 5x earnings that will only land you £500k.. which gets you pretty much a luxury one bed or average two bed in London.
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From what I can see (at least it my sector/experience) a lot of contract roles in London work out being very long term and say 225 working days with market rates of £500-550pd puts it around the £120k mark (I'd agree >£600 is much harder to come by). Contracting can also be a lot more efficient from a tax perspective e.g. my train ticket costs over £6k which in gross terms means over £10k from my salary goes on travel, whereas a contractor would just offset it meaning less of a hit on take home. Obviously if we are talking living in London then travel is cheaper but there's plenty of other stuff that can be expensed.

As for whether £100k/year is good enough for London living however is another matter and as you say for those without a big deposit that means making a lot of compromises when it comes to what sort of properties one can get. I can't see myself living in London until my child moves out of home and that would probably rely on me getting lucky with jobs/investments and/or an unprecedented property crash (which would probably coincide with a downturn in the job market / investments anyway).
 
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