Mortgage Rate Rises

Remember that it is likely that most landlords have already paid off many years of the properties mortgage, so even with rates rising, it might only translate to £100 more per month. The worst will be landlords that have just taken a property with very little deposit, so have a huge mortgage still to go, at high rates due to being a buy to let. No idea what those landlords do. Accept 5 years that they will he paying into more of the mortgage then they wanted to as rent won't cover it all? Increase rent?
A lot of BTL mortgages are interest only so will still see significant rises.
 
If I really lost all my income tomorrow and couldn't get another job.. I think I could last 2.5-3ish years. But I'd have 0 at the end in savings.

That includes paying my current share is the mortgage, bills, etc

Would be dire to lose all that. But at some point it does have to be spent
I start to feel sorry for you and your outlook on life the more I read your (sometimes) depressing posts, and then when you make outrageous posts like you can survive three YEARS on savings, *POOF*. :cry:
 
I start to feel sorry for you and your outlook on life the more I read your (sometimes) depressing posts, and then when you make outrageous posts like you can survive three YEARS on savings, *POOF*. :cry:

But survive I mean food, mortgage, that's it!
But I think I could. 2 years for sure. 3 living on a shoe string.

Still. A long way to go if I want to ever retire!
 
Does not compute! Have kids + travel!
 
With all that child support payments? He'll be travelling on foot lol

If I had kids I certainly would not be able to afford holidays!

I seeded this last night.
Myhobej.jpg


It will not end like this

BUdiiT9.jpg
 
On a more serious note. Genuinely would be in a fast less positive situation of had had kids. And that is sad for the people who want them.
Life is so expensive, and if you're not up there in your career early doors the compromises are significant.

Gone are the days you can be like my parents, mortgage free, 3 kids, middle of the road jobs, amazing house.



If that's not an argument to put to bet the "back in my day" nonsense, I don't know what is
 
If I had kids I certainly would not be able to afford holidays!

I seeded this last night.
Myhobej.jpg


It will not end like this

BUdiiT9.jpg
He looks dead in the eyes :cry:

Seriously though, considering your position, financially secure, wife, house etc you don't seem very happy.
 
He looks dead in the eyes :cry:

Seriously though, considering your position, financially secure, wife, house etc you don't seem very happy.

Up and down. The joys of living with anxiety and depression. (both my parents have it My mum is bed ridden by it)

Its a constant fight off keeping busy. Hence the kayaking, biking. It really helps. And why I couldn't have kids. (would make it worse with stress).


Being financially secure is another thing to take off stress. Booking holidays to have stuff to look forward to. Getting the first mortgage was a big tick.

My sisters both have anxiety /ocd issues. Damn family trait!

Its been a journey.. And it's always a battle!
 
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On a more serious note. Genuinely would be in a fast less positive situation of had had kids. And that is sad for the people who want them.
Life is so expensive, and if you're not up there in your career early doors the compromises are significant.

Gone are the days you can be like my parents, mortgage free, 3 kids, middle of the road jobs, amazing house.



If that's not an argument to put to bet the "back in my day" nonsense, I don't know what is
Yes but also consider that interest rates were 28% back then!
 
You don't need to go abroad to travel. In fact with airports and flying as it is probably won't bother again.
 
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