Is it a good time to sell your house

mi-key

Just my opinion, but I don't think house prices are going to crash ( probably ever again ). There is just too much demand for housing in the UK. Mortgage rates at 5-6% are still relatively cheap historically, and affordable for plenty of people working. If the mortgage rates started drastically slowing lending long term, the lenders would reduce them as they want as many people buying as possible.

The market may slow down temporarily but there arent going to be huge drops in prices.

The other thing to consider is what will your working position be in a few years?  It could be for whatever reason your income is a lot less and you may find it hard to buy again and be stuck renting. As others have pointed out, the amount you will spend on rent until you buy again will probably negate any 

housebuyer143

mi-key said:

Just my opinion, but I don't think house prices are going to crash ( probably ever again ). There is just too much demand for housing in the UK. Mortgage rates at 5-6% are still relatively cheap historically, and affordable for plenty of people working. If the mortgage rates started drastically slowing lending long term, the lenders would reduce them as they want as many people buying as possible.

The market may slow down temporarily but there arent going to be huge drops in prices.

The other thing to consider is what will your working position be in a few years?  It could be for whatever reason your income is a lot less and you may find it hard to buy again and be stuck renting. As others have pointed out, the amount you will spend on rent until you buy again will probably negate any 

I tend to agree. The lenders want to lend. They will do it at smaller margins if they need to, however at the moment they seem to be getting plenty of buisness charging people 6%+.
When this stops you might find they bring down the prices. 4% over base built in is unheard of and I know they consider swap rates, but even so... They have some room to wiggle if they need to 

billy2shots

Money wasted in rent has been mentioned. 

Don't forget solicitors and agents fees selling and buying and stamp duty (price dependent).