Mortgage Rate Rises

CapitalOne said:
I don’t understand the hate here. Remain is out of the picture now, this is your cowpat stop pointing at it and saying it’s not.

a) you’re highlighting the cowpat - bad idea
b) you definitely laid it
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I’m not hating I just have no real interest in it. Time to move on it’s like a guy who is still bitter because his ex found someone else.
 
Doobedoo said:
I’m not hating I just have no real interest in it. Time to move on it’s like a guy who is still bitter because his ex found someone else.
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I half agree with you and half think “time to move on” is a way of attempting to excuse the cowpat. A bit like a guy who cheats on his girlfriend and just says “it’s time to move on, yes she was a munter and a bloke and a horse and I caught an STD, but can we just please move on this is boring”

I’m joshing of course
 
CapitalOne said:
I half agree with you and half think “time to move on” is a way of attempting to excuse the cowpat. A bit like a guy who cheats on his girlfriend and just says “it’s time to move on, yes she was a munter and a bloke and a horse and I caught an STD, but can we just please move on this is boring”

I’m joshing of course
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It largely non productive. It’s not going to change the outcome you’ve had the vote, the outcome stands. All that has and will continue to happen is many will just entrench their position and the divide in society will continue to widen.
 
Doobedoo said:
It largely non productive. It’s not going to change the outcome you’ve had the vote, the outcome stands. All that has and will continue to happen is many will just entrench their position and the divide in society will continue to widen.
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This is true. My appeal is, let’s not continue to make stupid decisions like that otherwise it will make things worse.
 
CapitalOne said:
This is true. My appeal is, let’s not continue to make stupid decisions like that otherwise it will make things worse.
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My appeal is all the cards were stacked in remains favour… How did you manage to fail so badly? But anyway no one can change it now. We’re better together in this case.
 
Doobedoo said:
It largely non productive. It’s not going to change the outcome you’ve had the vote, the outcome stands.
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If only the likes of Farage had accepted this we would have been fine no? ;)

Doobedoo said:
My appeal is all the cards were stacked in remains favour… How did you manage to fail so badly? But anyway no one can change it now. We’re better together in this case.
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They really were not. Leavers had many choices of which version that wanted, they had years of media lies thanks to the likes of Murdoch, and simply its far easier to promise change will be better than not chaning will be better.

Anyway it was supposed to be a joke, but as ever, triggered!
 
heres what i'm thinking wait 8-12 months .. then use my equity in my house to buy 1 or 2 more ..and rent the ******* .. prices for rent round here are £8-900 a month .. ? i owe 30k on a £145k ish home risky i know :P
 
Which broker is generally regarded as the best these days - Habito, L&C or another? It has been years since I used a broker so not sure which is generally the go to for remortgaging. Any recommendations would be great.
 
Doobedoo said:
Yep plenty of us living well within our means. People want the picket fences, the brand new shiny beemer and holidays so they can post it all over Facebook. Some just don’t earn enough full stop and everything has increased but not their wages.
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The funniest thing is that historically and on average, the people who leverage themselves the most end up being the best off. My parents in law were always very cautious with house moves and size of mortgage, and it didn't pay off because in the 35 odd years they've been homeowners, properties prices in general have soared up and up. I know you're talking about depreciating assets in your post, so it's not a retort to that, but just to say that it's easy to pour scorn on people for taking out the biggest the bank will let them, but yet that's what the majority do and it works out.
 
dl8860 said:
The funniest thing is that historically and on average, the people who leverage themselves the most end up being the best off. My parents in law were always very cautious with house moves and size of mortgage, and it didn't pay off because in the 35 odd years they've been homeowners, properties prices in general have soared up and up. I know you're talking about depreciating assets in your post, so it's not a retort to that, but just to say that it's easy to pour scorn on people for taking out the biggest the bank will let them, but yet that's what the majority do and it works out.
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I have had experience of this from both sides and I think the leveraged end up a lot worse of, mainly because they don't take looking after their finances seriously. You may be wealthy on paper but in reality have nothing. They waste a lot of money on interest and forget they have to pay off the capital.
 
dl8860 said:
The funniest thing is that historically and on average, the people who leverage themselves the most end up being the best off. My parents in law were always very cautious with house moves and size of mortgage, and it didn't pay off because in the 35 odd years they've been homeowners, properties prices in general have soared up and up. I know you're talking about depreciating assets in your post, so it's not a retort to that, but just to say that it's easy to pour scorn on people for taking out the biggest the bank will let them, but yet that's what the majority do and it works out.
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If they want to take that risk then its fine but you can't them come complaining when it bites you in the ass. As any good capitalist knows though, the smart money privatises the profits and socialise the losses.

If you're really sensible you make **** loads of money and make sure that when the **** hits the fan the company just goes bust and you ride off into the sunset.
 
It's all about timing.
Seems like over the long haul most of the time you're better off mortgaging to the limit.

As long as you
A) are sensible and get a long fix
B) don't buy within a few years of a price crash
C) is a keep your salary

You're always better off.

Time will tell If that is the case going forward. But in recent history it seems to be.
 
We're 2 years into a 5 year fix on our first mortgage, paying £780 per month. TBH I'm not very knowledgeable about mortgages, but it's my understanding that at the end of the 5 years if we don't look for another deal, our payments will go up to £1200, which is quite a jump.

Again, I'm no expert, but the household plan is to ensure that all other borrowing is paid off by the time our 5 years ends, to maximize our borrowing potential on a new mortgage.

I suspect, to be brutally honest, that the impact of both Brexit and Covid will dog us for the rest of this decade, but I wonder if the crisis regarding the cost of living and huge energy bills would have settled down in 3 years' time.

Does anyone have an accurate crystal ball?
 
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