This might stop house prices rising

[shaunbhoy]

Sorry what is this mortgage thing of which you speak?

Don't sweat it jellyhead. Leave this sort of thing to your wifie to sort out, you stick to potnoodling in your shed.

[AtW]

P.S. My mortgage for a two-bed flat in South Ken is £500 per month. Remind me again, what is the monthly rental for your flat in Brum?

£995.

If your mortgage is interest rates linked then the only reason you got it so low is because of central bankers.

[AtW]

And what you paid is what you paid, where as AtW's rent will rise with inflation, year after year after year.

It's a choice between renting a very nice house/flat without any risks and putting your hard earned money into something worthwhile, or living in a tulipy house that you "own" hoping for rates not to go up (which they will) or that you won't be in negative equity.

[MarillionFan]

It's a choice between renting a very nice house/flat without any risks and putting your hard earned money into something worthwhile, or living in a tulipy house that you "own" hoping for rates not to go up (which they will) or that you won't be in negative equity.

Remind us why are you not a millionaire like the rest of us again?

[Sysman]

Yup, been telling him that for years. We all have, but he won't listen.

AtW, you property mupp, with inflation at 5% (where it will probably stay or even rise) the arithmetic totally changes.

P.S. My mortgage for a two-bed flat in South Ken is £500 per month. Remind me again, what is the monthly rental for your flat in Brum?

Come to think of it, maybe it's time I took my own advice and maxed out on a new mortgage for a larger property.

You'll be rather upset if the mortgage rate rises to 15/16%.

"It'll never happen" you might say, but it happened 20 and 30 years ago.

"No more boom and bust" ring a bell?

[AtW]

Remind us why are you not a millionaire like the rest of us again?

I am certainly not the kind of "millionaire" who whines about birthday party thrown for "his" kids.

[OwlHoot]

Don't sweat it jellyhead. Leave this sort of thing to your wifie to sort out, you stick to potnoodling in your shed.

Experimenting with highly volatile explosive chemicals

[Fred Bloggs]

I like the idea of no interest only mortgages. All we nned now is a ban on BTL loans as well. Then the property market might at last return to something like affordable, for most of the country that is about 50% below where we are today. If that happened, my kids might even be able to get a place to live.

[AtW]

All we nned now is a ban on BTL loans as well.

Nah, no need for a ban - proper checks of income yes and also much more tenant friendly legislation - basically none of this boll0x of having landlords with all the power and short term tenancies, basically nobody should be able to start offering rent-like services unless they are committed to long term business model.

[shaunbhoy]

Nah, no need for a ban - proper checks of income yes and also much more tenant friendly legislation - basically none of this boll0x of having landlords with all the power and short term tenancies, basically nobody should be able to start offering rent-like services unless they are committed to long term business model.

You must remember alexei, in the great scheme of things on the property merry-go-round, you renting types are bottom of the food chain. You will just have to go in whatever direction your landlord decides up until the moment you find the cojones to take the plunge and join the property market in any meaningful way.

HTH