Owning your own home

You are reading a single comment by @LukeG and its replies. Click here to read the full conversation.

•

8b in reply to @LukeG

Did you pay in cash? What about the interest repayments? have you factored in the £10k of interest you pay the bank for the right to borrow all that money and thats with historically low rates.

•

LukeG in reply to @8b

We’ve paid ~70% cash, yes. I realise that’s fairly atypical for a first time buyer but I’ve been saving for a long time and unfortunately inherited recently. Our rate is therefore fixed for the next few years at a pretty good level and I could cover the mortgage at 10% interest if it came to it.

About

@LukeG started