[Closed] How much rent to charge??

I was charged £50 but that was 20 years ago (and I was only on £9k...), depends what he's doing with his money for me. If he's blowing it partying then I'd charge him more, if he's saving for a house deposit or car etc. then probably not so much.

Depends on whether its an incentive to stay or encouragement to leave 🙂

I have 2 kids at home who pay £200 a month for rent each. They are both earning and that seemed like a fair contribution towards bills and food etc. This was agreed about 5 years ago and we have never changed it.

Depends how much is left over after he’s leased his Audi

perchypanther

Member
Depends how much is left over after he’s leased his Audi

This is my next door neighbour's two lads. One has a brand new S3 the other an S Class. Some people would rather live with their parents and spend loads on money on flash cars instead.

Assuming you actually mean rent, bills and full board I'd lean more towards the £300 end of the scale and I wouldn't be doing any secret saving on his behalf either.

charge our son £0. given he spends 50% of his time at girlfriends. other 50% here when his washing needs done 🤔

He's been told to put regular amounts £200ish into a saving ISA. we did discuss us putting any money given into an account for him we'd rather get him to save money himself rather than us save it for him.

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Before my son left I was charging him £250 on his payday (every 4 weeks). I wasn't in a position to be able to save any of it for him. I wouldn't go too low, they need to get used to giving up 75% of their wages when they move out...

charge our son £0. given he spends 50% of his time at girlfriends. other 50% here when his washing needs done

How much are his girlfriend's folks charging him?

Roughly speaking, 15% of his take home after tax will be £180 & 20% will be £240.

If the rent is to include everything, I would err towards the upper end; so something like £240-300 but then as you say put half of it in a savings account for him.

For £300 all in he could find a house share and not have to live with his parents any more

We do exactly what you're proposing. 22yr old son on £22K. He pays £300 and we save half on his behalf. Works well and if we didn't save for him there is little prospect that he would save it himself.

Assuming it's bed, board, bills and most of his meals, about a third of his take-home pay.

It's apparently a landlords' market right now, due to increasing price for a decreasing amount of homes for first time buyers, while they struggle to to save for a deposit due to a large proportion of their income being spent on rent; services; food.

So... £600pcm all inclusive. 😉

But in seriousness, you'd struggle to find something cheaper than that in a decent non-student house-share in Southampton, before you play the lottery of what your fellow housemates will be like as regards trustworthiness; tidiness; noise etc.

For £300 all in he could find a house share and not have to live with his parents any more

Where all his food is supplied  and cooked for him  and someone else washes his dirty pants?

Doubt it.

I'd do the saving on his behalf as well, if you can afford it that is. Trying to get a mortgage as a mid twenties person is going to be incredibly difficult. The way I see it is that the more you can help them save the more they can have towards a deposit. May help in the long run and you never know, when they're older they might appreciate it.

Give him two options.

Pay £300 a month rent or live rent free and give you £600 a month to save on his behalf for a deposit on his own place.

Took home £800 a month in 2002 aged 18. The old man took £250. The rest was mine. He never saved it for me.

Only thing that would annoy me would be that after work all week I'd still be expected to do all the housework with my younger brother on a Friday eve. Old man would come home from his managerial job to find me having a bit of down time after my building site labouring job instead of cleaning the bathroom and kitchen etc. Queue ranting and raving about how it wasn't a hotel etc. He'd sit and down with the bottle of red and I'd crack on and empty his bedroom bin and polish. Hard times for a snowflake millenial like me.

Moved out at 19.

I lived with my parents for a few years after starting work, I was charged something minimal like £50/month I think. The main reason was to maximise savings for a house deposit.

How much are his girlfriend’s folks charging him?

nothing.... she has her own place.

I lived with my parents until I was 26.

They charged me £25/week when I was a student ( early 90's)  and then  a third of all the bills when I graduated and got a job.

nothing…. she has her own place.

So he's a cocklodger?

Hard times for a snowflake millenial like me

To be fair that sounds a crap deal for you, my mum insisting I had to start ironing my own shirts was what triggered me moving out :p

Mine pays nil. He's 18, just started on a very good salary too (£26K). But he is saving £1300 per month towards commercial flying training, and it's a zero sum game. If he pays me rent, I'll be paying back in a year or so for the training as he's not gone to university like his brother. He buys luxuries and has a pretty simple life to be fair. Profligate he is not.

Like Perchy, I paid about the same rent to my mother to cover summer holidays as a student, but then eveyone wants to be better off than their parents, and I am.

We are doing 20% of monthly take home pay.
As with you, it's going into a savings account that all three will contribute into if they earn and live at home. To be used to support them in a financial emergency such as laptop dying when at uni etc.
If it's not spent, mrs_oab and I are then using it to travel .. 😎

I had to pay 20% of my weekly gross, so if I did overtime I had to pay more rent.
My brother, who worked in the same place on the opposite shift, refused point blank to pay anything and was allowed to get away with it.

It sucks not being the favourite.

My wife won’t let me charge our son rent so I circumvented her ruling by insisting he saves 25% of his take home every week in an account he can’t access. He actually chucks all his spare cash in there every week anyway, so that’s worked well.
His girlfriend now stays with us quite a lot and pays £20 per week which more than covers the extra food we buy.

Thanks for all of the replies, some useful info in there!

Check on spareroom.co.uk.co.uk and find out what the going rate is round your way for a room+ bills.

Why not have a chat with them starting at that?

Way back in the late 80s, my folks charged me £50 a month when I started work at 18. I didn't know but they'd saved half, and when I bought my own place at 21, my mum used that and her staff discount to sort out a fridge freezer and cooker for me.

We charged our son one third of this take home pay..but saved it all as a deposit for his future home...

worked a treat.