EU referendum, brexit and the aftermath

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Stonehedge in reply to @Velocio

It was always going to be risk but it is rather nerve wracking to have taken on a fucking mahoosive mortgage in May.

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hugo7 in reply to @Stonehedge

Same boat. My better half is really, really anxious - and feels silly for buying at the top of the market (and probably overpaying) before a period of economic uncertainty.

I'm not quite as worried (although not exactly happy). We have a 5yr fixed that is less than we'd pay renting (assuming we can make it there long enough to eat the SDLT). We had 25% deposit, not 5%. Interest rates are still a million miles from what my parents had to pay. Also our reason for buying the house we bought was to have somewhere we'd be able to to live for life if we needed to.

I guess the real problem comes if we loose our jobs and can't afford our mortgage, etc.

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Stonehedge in reply to @hugo7

With our current incomes we could scrape by with interest rate up t0 ~8% but as you say, the bigger threat is maintaining your income. Its not exactly panic stations but it has been a long time since either of us have had worries like this.

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