Simple way to stop runaway house prices

[Julius Caesar]

The benefit of doing this rather than renting is you don't have some gobtulipe landlord telling you what you can and cannot do with your home and you don't worry about getting a notice to quit letter from your landlord.

You don't have a landlord hiking the rent up at whim.

you don't get that in other countries with renting either, because a tenant's place is rightly seen as their home. It's only in the UK where this ridiculous no-security AST had to be brought in or landlords wouldn't rent out, IMO because they have too high expectations of how much money can be made how easily out of letting. Same as ever in the UK, houses are seen as giant ATMs.

[Mich the Tester]

The benefit of doing this rather than renting is you don't have some gobtulipe landlord telling you what you can and cannot do with your home and you don't worry about getting a notice to quit letter from your landlord.

You don't have a landlord hiking the rent up at whim.

And at the end of it, house prices having risen 100000000000% means you become a billionaire at the end of the 20 year mortgage, where as the renter has nothing.

Because, of course, house prices always go up?

Some people might be disappointed by this theory.

[mr_woo]

"What is a standard variable rate mortgage?

Every mortgage lender has a standard variable rate, or SVR, of interest on which it bases all its mortgage deals.

The standard variable rate is, in turn, based on the Bank of England's base lending rate and this is decided at monthly meetings of the Bank's monetary policy committee, or MPC."

http://www.mortgagesorter.co.uk/type...able_rate.html

No it isn't! It is based on whatever they think they can charge in the market. If Base rate was 5% a STV mortgage may be about 8%. At 0.5 % around 6% seems the norm. Ie not a lot of difference.

[AtW]

I think you're deliberately mixing it up to promote your high interest agenda, so I'm not playing anymore.

Dude, you think 0.5% base rate with 3.5% inflation is ok thing? Yes, I am not in debt so yes you can say I have got "high interest" agenda, ffs - 5% interest rate has never been high - it's only high for people who want to pay 0. If you can't afford 5% interest - don't effing borrow.

[Xenophon]

Whenever I read your posts, Alexei, I hear them in my head being spoken by a man with a Russian accent.

It is quite funny hearing him say 'dude'.

[Tarquin Farquhar]

Whenever I read your posts, Alexei, I hear them in my head being spoken by a meerkat with a Russian accent.

It is quite funny hearing him say 'dude'.

FTFY

[AtW]

It is quite funny hearing him say 'dude'.

You said I'm funny.

You mean, let me understand this cause, ya know maybe it's me, I'm a little ****ed up maybe, but I'm funny how, I mean funny like I'm a clown, I amuse you? I make you laugh, I'm here to ******' amuse you?

How the **** am I funny, what the **** is so funny about me? Tell me, tell me what's funny!

[shaunbhoy]

He means "funny peculiar" as opposed to "funny ha ha".

HTH