TheRivieraKid

Debt on 5, 7, 10 year fixed terms. Ain’t nobody getting sent over the edge any time soon.

Cope bias, probably. Prices are not depressed in the slightest

The way to protect your family’s financial future was to buy a house at any point during the time you’ve been posting here. Do you look back with massive regret? These posts just read as pure cope. I agree that the housing market sucks. I’m worried about how my children will buy houses. But the best thing I ever did was buy a house a few years ago. Even when the crash eventually comes (it will) it will likely only be a crash in real-terms with a flat or slight dip nominally. How will you cope with that outcome?

You’re missing the note underneath: “Note: The number of property transactions for December 2021 will increase as more transactions are incorporated into the index. See our Revisions Policy for more information.”

Barclays 60% LTV rates 3yr 2.17% 5yr 2.22% 7yr 2.26% 10yr 2.28% not really much in it…

Sounds like it ends with you buying the absolute top of the market.

Interesting comparing the best 75% LTV fixes available at the minute. 2yr - 1.81 (cumberland) 5yr - 1.94 (leeds bs) 10yr - 1.97 (halifax) Not much in it really. Is this banks predicting only a short term rate rise?

There we go. Natwest 5yr now 2.01% How long until these increases start impacting the market? probably within the year

Amazes me that on a forum full of people bemoaning the injustices of property ownership, people here seem to love the queen, even though she’s the largest landowner in the country. All of it stolen, too.

Nah not at all. I don’t want to get the debt down. All the money that would have been repaying the capital element goes straight into index funds inside an ISA and has been massively outperforming the low rates. Obviously there’ll be volatility along with it, but my net worth is growing faster this way.

I've been closely watching the Natwest/RBS 5-yr rates (75LTV), as I'm currently interest-only with them waiting to get a new fix. in the last couple of months it's gone from 1.43 - 1.52 - 1.6 - 1.64 - 1.7 and now I've just checked today and it's 1.78. I can see it hitting 2% in March! Unfortunately there's not many lenders out there allowing a pension pot as a repayment vehicle!

"probably forum" lmao. The entire website is just pure cope.

Thanks for all the replies everyone. The prospect of selling and going into rented is terrifying in the current market, so that is a non-starter. Buying first, makes sense, but I just don't have enough cash available to be able to do that. Buying the next house is a stretch, even when including the equity from the current one! I'll just have to wait around and keep hoping something comes up and, if not, I'll stay put. It's not the house I want to be in long-term, but it's definitely affordable and already decorated and kitted out to my taste. Let's see if the 15 bps base rate has any impact, although I suspect it won't make a difference.

Anyone have any experience with this? I sold my house in early October, but still haven't found somewhere else in budget as prices have gone mental even in just the last few months. I've seen properties that are not as nice as mine getting listed and sold at higher prices! I keep getting pestered by my agent, naturally, but I just can't find anything suitable within budget. I've told them I'm not moving anywhere but the 'forever home' (if it ever comes on), but it will get to the point where my buyer will be paying less than market value. What to do in this god-awful market..?!

Indeed. But I would have been happy with the asking price. It was already more than we were expecting. To get an extra 5% on top was a real bonus and pretty much covers all our moving costs.