The fall of the Tory party

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Gewürzt in reply to @Hefty

Who knows what's going to happen? Even with the 6% mortgages it still works out cheaper monthly to pay the mortgage than renting the equivalent in London so I wouldn't be surprised if things plateaued rather than go down, fuck knows for the rest of the country but yeah probably not great.

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Stonehedge in reply to @Gewürzt

That's a good point actually. Our mortgage will be going up by £700pm in a few months but it's still going to be about £400pm less than my renting neighbours are paying at the moment...and that's before any mortgage rate rises are passed on to them.

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sohi in reply to @Stonehedge

I don't think you can use rent prices to argue for a better mortgage, with the new rates and the a similar monthly repayment people will be only able to borrow 30% less than before.

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