We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Rightmove: FTB-s identify raising a deposit as biggest problem with buying
Comments
-
IveSeenTheLight wrote: »Have you considered that there is an option to fix the mortgage for up to 10 years?
Many people are holding off from fixing for the time being and benefiting form the low rates which many envisage will be around for some time untilthe economy shows signs of sustainable recovery and growth.
Can you find me a good 10 year fix for a first time buyer with even say a 20% deposit?0 -
Graham_Devon wrote: »Dunno why you keep writing off any point as a deflection.
It's hardly a deflection, it's completely true, just doesn't suit what you wish to state.
not any point, the point you are making regarding property being affordable to the massess as opposed to the topic which is mortgages are affordable to those that can get a deposit.
Read the thread again, were discussing mortgage affordability, your wishing to discuss more people being able to afford houses.
they are distinctly different subjects.
I've said before, if you want property to be affordable to the massess, you need much more supply to be provided than demand.
If that were to occur, you'd likely see the mortgage repayments as a percentage of income lower much further than the current low of 27%:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
I'm not a mortgage advisor. I'm sure you are capable of running your own search.shortchanged wrote: »Can you find me a good 10 year fix for a first time buyer with even say a 20% deposit?
Are you dismissing 5 years as a reasonable time to fix?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
I always look at Nationwide first as a benchmark - no 10 year fix but 5 years at 4.69% with only a £99 fee.
For a 10 year fix for a FTB there's Leeds BS AT 4.79% with a £999 fee.
I hope there's deals like this still about when one of my mortgages comes off a fix in 2015.0 -
shortchanged wrote: »Can you find me a good 10 year fix for a first time buyer with even say a 20% deposit?
Leeds building society, 20% deposit, 4.79% fixed 10 years.
http://www.money.co.uk/mortgages/10-year-fixed-rate-mortgages.htm“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
I went for a 5 year fix, is that not enough?Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
I went for a 5 year fix, is that not enough?
Well I'm sure you have been sensible enough to factor in the possibility that your mortgage may well go up after that 5 years.0 -
I always look at Nationwide first as a benchmark - no 10 year fix but 5 years at 4.69% with only a £99 fee.
For a 10 year fix for a FTB there's Leeds BS AT 4.79% with a £999 fee.
I hope there's deals like this still about when one of my mortgages comes off a fix in 2015.HAMISH_MCTAVISH wrote: »
Looks like there are a few options for people to consider.
Maybe it would have been nice to let shortchanged find the information for themself.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
shortchanged wrote: »Well I'm sure you have been sensible enough to factor in the possibility that your mortgage may well go up after that 5 years.
Currently I could wishstand interest rates of 23% so I am sure I will be fine.
I won't worry for 4 years and 8 months.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards