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.
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.
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.