What % do house prices need to fall before you are in negative equity?

[TheBigYinJames]

Not a bad call in my opinion, I prefer to have cash available at the moment too and with it offset against my mortgage it's tax efficient.

I think there will be quite a few people reducing their voluntary mortgage overpayments as well for the forseeable.

[ASB]

Not a bad call in my opinion, I prefer to have cash available at the moment too and with it offset against my mortgage it's tax efficient.

There is an argument that says doing any saving whilst you have debt is wrong. Pay off the debt. If you have a mortgage and are a high rate taxpayer then paying debt of the mortgage effectively guarantees you a 10% return (if you are paying 6% on the mortgage). Of course when you have paid off the debt you still need to commit that money to saving.

[TheBigYinJames]

There is an argument that says doing any saving whilst you have debt is wrong. Pay off the debt.

That's fine as long as you can guarantee you don't need the cash at hand at any time. I have enough to clear my mortgage right now, but if I did so, I'd have nothing to fall back on when something unexpected hits (like a recession or something)

Obviousl you pay more in interest on a debt than you gain in an investment, but paying off a debt is sunk money.

[Likely]

I've got an interest only mortage, so I dont really understand the question.

Both me and other half would need the contract market to go completely belly up for us not to be able to pay off full mortgage in 5 years,

I'd never want to sell it though - it's a home for life.

What if you brake up next year ? Who is getting what ?

[Ravello]

About 40-50% but only if I sold

[DiscoStu]

What if you brake up next year ? Who is getting what ?

break

HTH

Edit: And in answer to your question, I'd imagine the answer is none of your business.

[TheBigYinJames]

break

HTH

Maybe they separated while out in the car.

[SallyAnne]

What if you brake up next year ? Who is getting what ?

We'd get half of everything - even a cat each

It only gets complicated when you have kids (or the wife is an evil b*tch).

[TheBigYinJames]

We'd get half of everything - even a cat each

That could get nasty, you could end up with two half cats each.

[Advocate]

Possibly two... and all the sheep you can shag...

3?