Hey look someone has to pay the landlords mortgage
I recently got declined for local authority home loan because I didn’t show capacity to repay. The mortgage all in including protection is 590 euro less than I’ge been paying for rent monthly m I appreciate they have to stress test so I’ll just wait until I get a pay bump in a few months.
It’s a class war, and you ain’t winning it.
The affordability of rent is the more important metric than how more it is than a mortgage.
“One persons rent, is another persons income”
>He said the analysis raises some “significant questions about the current mortgage lending rules”, which he says are creating a chasm between those who can get a mortgage and those that can’t.
I’m mot convinced that loosening the rules around mortgages would do much other than further inflate home prices, as seen by the change from 3.5 to 4 for first time buyers.
Stop crying and buy a house
Let them buy houses
A nice little article to create some outrage & clicks.
direct comparison of mortgage repayment vs rent and ignore all the costs associated with renting the property.
> who’ve taken a 90% loan to value mortgage on the same property.
you cant get a BTL mortgage with 90% LTV., therefore rental property mortgage repayments would be higher than the Principal residence mortgage..
9 comments
Hey look someone has to pay the landlords mortgage
I recently got declined for local authority home loan because I didn’t show capacity to repay. The mortgage all in including protection is 590 euro less than I’ge been paying for rent monthly m I appreciate they have to stress test so I’ll just wait until I get a pay bump in a few months.
It’s a class war, and you ain’t winning it.
The affordability of rent is the more important metric than how more it is than a mortgage.
“One persons rent, is another persons income”
>He said the analysis raises some “significant questions about the current mortgage lending rules”, which he says are creating a chasm between those who can get a mortgage and those that can’t.
I’m mot convinced that loosening the rules around mortgages would do much other than further inflate home prices, as seen by the change from 3.5 to 4 for first time buyers.
Stop crying and buy a house
Let them buy houses
A nice little article to create some outrage & clicks.
direct comparison of mortgage repayment vs rent and ignore all the costs associated with renting the property.
> who’ve taken a 90% loan to value mortgage on the same property.
you cant get a BTL mortgage with 90% LTV., therefore rental property mortgage repayments would be higher than the Principal residence mortgage..