House price news

[Halo Jones]

What mortgage interest rate does the average first time buyer pay these days?

Last May I got 5.4 fixed for 4 years

[TimberWolf]

Last May I got 5.4 fixed for 4 years

Do they provide the interest rate figure at the end of that fixed 4 years? Base rate + x? What's x?

[OwlHoot]

I've just realised. If, as they say, the average first time buyer is around 40 (let's say it's 46 for the sake of witticism), first time buyers are now too old to take out a 25 year mortgage

In Japan they've had multi-generational mortgages for some years

(Which seems a bit odd when you consider that within 50 years typical Japanese houses collapse in a heap of earthquake rubble and termite droppings. Maybe most of the mortgage is for the land, and rebuilding the houses the easy part.)

[ChimpMaster]

Still on plan to retire at 50.

next year?

[AtW]

Still on plan to retire at 50.

With your attitude you can expect to be "retired" much earlier than that