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Wait a few weeks - if the rates go up then those who have interest only mortgages on multiple properties will start to feel the pain. I suspect a few will start to appear on the market soon.
Wait a few weeks - if the rates go up then those who have interest only mortgages on multiple properties will start to feel the pain. I suspect a few will start to appear on the market soon.
Rates are going down to 0%.... Normal rational interest rate policy was binned in 2008 and isn't coming back soon.
Personally I think property needs to be no more than x times average earnings and returning a decent return for the risk involved.
I got out in 2005 and aren't coming back in this market...
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