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On houseprices.io would the sale price reflect include the HTB loan?

I didn't know them back then, and they know regret buying this flat as they wrongly assumed they could upsize later on.

I said to anyone who listened that HTB and shared ownership were stupid. People ignored me because they wanted to get on the ladder. I rented until I was 44, saved a 6 figure deposit, and took out a 75% mortgage 2 years ago.

Our friends have just renewed their mortgage ... I think they've been in their HTB flat for 5 years. Repayments have gone up by £400pm. When does the loan start to be paid/increase?

Went STC at £450k for 2 days, now available again.

Lots on rightmove for £450 pcm

To rephrase the question slightly, how do you get a £200k mortgage that lasts until you're 80-90? Surely lenders want them paid off before then?

I wonder if they've got an IO that they plan to keep on extending

How would this work ... a family friend wants to still have a mortgage when they die ... i.e. let the house be sold and pay off the mortgage, rather than pay it off in their life time. Putting aside the fact that they could be in negative equity if prices crash ... they're talking about £200k of mortgage being left ... surely the bank wouldn't allow that? Don't all mortgages have an end point, based on income/age etc? Maybe they're thinking of IO?

What's the record for shortest term as PM? 🤣

I'm losing track of all the u-turns. And somebody please tell me... Did Truss not know what was in KK's budget beforehand!?

Just as santander announce 2.7% savings account!

I'll get some pics on later, house near me, couple splitting up, house sells in spring for £425k, falls through (or greedy vendor pulled out?), Relisted jn the summer for £475k, fails to sell, relisted with new agent today at £450k.

It's ludicrous isn't it!

Bloody brilliant. BTL mortgages for private investors caused this whole mess. A ban on them is too much to ask for, but banks not offering them is the next best thing.

Savings rates (instant access) were keeping up with base rate changes, but seem to have lagged behind now. There are a couple above/near base rate but they have limited deposit/withdrawal. Why would that be? I do my day to day spending on a 0% credit card, with a corresponding amount being put into a 90 day savings account at 2.25%, so not all bad. Surplus cash (once I have some!) will be saved to pay off some mortgage (1.5%) when the fix ends in Jan 2026

How old is the in-law? What size mortgage is it in relation to income? Sorry off topic!

I've done some quick maths, and the average house was 3 x ave salary in the 80s. Repayments with 13% interest rates were about 27% of gross monthly pay. Nowadays average houses are 10x average salary, and repayments on a 10% interest rate are 75% of gross monthly pay. Anyone saying things are no tougher than the 80s/90s are ignoring house price to salary ratio.

Is that 7% interest rate on the mtg, or 7% base rate?

Problem with regular savers is you only get a whole year at the full rate on the first month's savings. You're then forced to wait a month, then in effect that deposit only gets 11/12 months on the advertised rate. 3rd month you get 10/12 etc. Over the year the rate equates to 50% of the advertised rate. If you have a large lump sum to save they're not great, but if you do just want to save a small chunk each month they're ok.

Yeah it is! I've got chase, tandem and zopa on my phone... Move money around to get the best rate. Still only peanuts (only got 10k waiting to pay off my 0% credit card when the promo period ends), but it's a state of mind for me - a few quid interest is better than nothing.

I've had my mortgage for 18 months (5 year fixed, FTB), and dip into the comparison websites every few months to see how prices are changing. I saw this on there... Is it any better than an SVR?

How does it work - does the chancellor not have to get his budget approved by the PM before releasing?

Still people desperate to buy! (38, single, minimum wage, in london)

It takes a few months for accepted offers to become a sale and feed into the ONS ... have patience my friend!