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!
What percentage of mortgages issued should require only a 10% deposit?
Comments
-
You definitely need self-respect especially what you've put your parents through. If you don't like the way I speak to you, look at how you carry yourself. I'm not the only person that tells you this.Graham_Devon wrote: »Some self respect wouldn't harm chucky.
You are no longer making me look stupid.
On a positive note, I'm glad that I've educated in how governments can deal with inflation.0 -
From "mortgage payments are affected by inflation" to "inflation can be used to change interest rates".Graham_Devon wrote: »You are no longer making me look stupid. You are not even reading my words. I stated "inflation can be used to change interest rates".
You're not only a liar but the king of the meddlers trying to get yourself out of what you said. What a clown.Graham_Devon wrote: »Mortgage payments are affected by inflation.
Think about it.
The nominal debt isn't.0 -
Theres no lying or muddling going on here chuckles.
Inflation can be used to change interest rates. Therefore mortgages are affected by inflation.
Not particularly hard to understand, neither is that muddling or even contradictory. You increasing abuse says it all. The way you are now answering the same post twice suggests your anger has taken over.
After that fall, you're seemingly two steps behind now.0 -
A moderate amount.... 30%Graham_Devon wrote: »2. There is no 25 year fixed rate mortgage.
Eh?
Yes there is.“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 -
Graham_Devon wrote: »Still not cheaper though is it, even with your best attempt. 4.5% interest is nice, but not that realistic for such low deposits. Dunno why you are looking at what an investor may pay on mortgage rates.
Investors - yes slip of the tongue. Let's be nice though and say that's what you did when you offered two 'comparable' houses in your own VI area that turned out to be £40k different in price.
That house sold for £151,000. To pay the same in a repayment mortgage as rent (£795) our buyer needs to achieve a rate of exactly 5% on a 90% mortgage. Looking at Nationwide (not the most expensive but not the cheapest) and taking the low fee (£99) option in each case they could get a two year fix at £766/ month, three year fix at £778/ month and a five year fix at £801/ month.
It doesn't seem too outrageous to claim that renters are now paying more in rent than the equivalent buyer. It's certainly a little strong to call someone a liar based on that claim especially when you're willing to pretend that two houses differing in price by £40k are comparable and then using an interest rate of 5.5% to rubbish the claim.
I expect more hair splitting but you don't like the claim because by proxy if someone can afford rent they can afford a (decent) fixed rate repayment mortgage too.0 -
Yer, but you see Hamish, he never said it. Although we can see here he did....HAMISH_MCTAVISH wrote: »Eh?
Yes there is.
...he actually never said it....muddle muddle.... He meant something else. He meant that there are not many 25 year mortgages around..muddle muddle.... Yes, that's it... muddle muddle....so stop using his words out of context... muddle muddle..., it's obvious what he meant.Graham_Devon wrote: »2. There is no 25 year fixed rate mortgage.0 -
if someone can afford rent they can afford a (decent) fixed rate repayment mortgage too.
Because they pay a rent doesn't mean they can commit and afford a long term mortgage commitment. More so if in doing so they move from a serviceable property to a run down "dilapidated" property in order to do so.
Jumping onto a rope ladder doesn't mean you can stay on it."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
HAMISH_MCTAVISH wrote: »Eh?
Yes there is.
Where is this mortgage?0 -
grizzly1911 wrote: »Because they pay a rent doesn't mean they can commit and afford a long term mortgage commitment. More so if in doing so they move from a serviceable property to a run down "dilapidated" property in order to do so.
Jumping onto a rope ladder doesn't mean you can stay on it.
I'm not suggesting that just because someone's rent equals a mortgage payment that they could or should buy a house instead.
However, it's supportive of the argument that mortgage rationing is preventing significant numbers of people from buying and forcing them to spend similar amounts on rent.0 -
Graham_Devon wrote: »Where is this mortgage?
Haven't you heard Graham, there's a 25 year fixed rate mortgage at a rate of 3.69%.
Just go into any bank and ask for it. They're very obliging.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards