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Close 275k but with a slightly larger than 10% deposit. 2% interest rate but the point that it is cheaper to pay a mortgage than rent is valid even if interest
by lhopki01 11y ago
Close 275k but with a slightly larger than 10% deposit. 2% interest rate but the point that it is cheaper to pay a mortgage than rent is valid even if interest rates go to 8 or 9%. Also you consider that in a vacuum. What do you think happens if interest rates go up? All the buy-to-let people that require the rental income to pay for the property will also raise their rental rates. There are enough of them that they will move the market.
- e12e 11y agoCertainly sounds like the difference between rental and mortage is much bigger where you live, than here. One obviously need to look at the concrete market one is buing/renting in.