Bought recently and it feels like I’ve bought right at the peak. Only saving grace is I’ve 5yrs fixed interest which is below current rates.
Small violins playing. House prices are ridiculously high. I didn’t see Halifax commenting when house prices were rising. They were raking in the money. They are only concerned about repossessions and lack of mortgage spending.
Who’d have thought that double digit annual growth was a bubble 😆
I am looking to buy currently, with my deposit and salary I could afford a home at around £700K in August. Today with recent mortgage interest increases. For the same monthly mortgage repayment I can only afford a 600Kish property.
There must be a lot of buyers in a similar position.
They’ll probably just fall back to where they were 2 years ago
5 comments
Bought recently and it feels like I’ve bought right at the peak. Only saving grace is I’ve 5yrs fixed interest which is below current rates.
Small violins playing. House prices are ridiculously high. I didn’t see Halifax commenting when house prices were rising. They were raking in the money. They are only concerned about repossessions and lack of mortgage spending.
Who’d have thought that double digit annual growth was a bubble 😆
Edit:
https://reddit.com/r/UKPersonalFinance/comments/ovngjr/_/h7bbolo/?context=1
1.2 years ago. 1 upvote 😭
Surely house prices have to come down.
I am looking to buy currently, with my deposit and salary I could afford a home at around £700K in August. Today with recent mortgage interest increases. For the same monthly mortgage repayment I can only afford a 600Kish property.
There must be a lot of buyers in a similar position.
They’ll probably just fall back to where they were 2 years ago