Soldato
I definitely don't think percentages are what matters - why do you see it that way?
Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Soldato
I like these numbers! (bottom right)
OOOf, I dont!
Soldato
Because its the most logical way of expressing if someone is paying their share.
You cannot use the raw value that is just dumb. Hence why people fall back to the % as a simple and easy comparator.
1337 speak no longer cool?
Soldato
1337 speak no longer cool?
It probably is dude.
I would rather a number in the pounds personally, but than you need to wish your life away for that. Or get a lottery win
Soldato
just seeing @dLockers mortgage payments is giving me anxiety.
Soldato
The thing is if you can afford just going to have to bit the bullet for a few years and hope they come down a bit after that (hopefully they should.....)
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Caporegime
The initial term for that is more than my whole mortgage.
Soldato
If it goes to 6.5 it will be carnage. Saying that, it's nice to finally have interest on savings again...
Soldato
I'm certainly not complaining after a decade plus of **** all, but it's going to be very painful for people borrowing, a lot of whom have never known anything but stupidly low rates. Anyone exposed is basically in the ****.It's great!
It can keep going up as far as it likes for me
Soldato
Think it got flown off in the ROFLcopter.1337 speak no longer cool?
Well, if there's a massive house price crash and/or swath of repossessions [I don't think there will be] I'll be able to pick up a cheap BTL
Can you buy my house then sell it back at what you got it for? Like those Amish folk did years back?Well, if there's a massive house price crash and/or swath of repossessions [I don't think there will be] I'll be able to pick up a cheap BTL
Caporegime
It's great!
It can keep going up as far as it likes for me
I've locked mine in pretty much until the end of the term now at 3.5%, some reason they couldn't lock it in to the very end so 2 months left at the end at variable. Which even at credit card rate like 30%.... it's still "affordable". Or the chances are will just pay the whole thing off by then since there is no penalty at that point.
So I am pretty much sitting on the sideline watching the fireworks lol
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Can you buy my house then sell it back at what you got it for? Like those Amish folk did years back?
I live in Lincolnshire, we have a different definition of cheap to you southerners!
But if I did, would you stop moaning at me for being a "hobbyist Landlord"?
It would be a pleasure to have you as MY hobbyist landlord.I live in Lincolnshire, we have a different definition of cheap to you southerners!
But if I did, would you stop moaning at me for being a "hobbyist Landlord"?