Glad to hear you’ve got it sorted Spuds.
We fixed for 10 years at < 2% in th run up to last election as it was all too obvious that Brexit was going to be a disaster.
If mortgage rates go up to 5 or 6% as widely predicted since the mini budget, a lot of people are going to really feel the squeeze of mortgage payments increasing.
Many on here will recall the time when mortgage rates were in high teens, but the actual loan figures were far lower. You could buy a property for just over 3x salary or 4x if lender prepared to include Wife’s earnings too.
Not much you can afford now for 3x average salary now.
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