4 ms·
If you have a fixed-rate mortgage, you will never experience an increase in your payment, so I'm not sure why you think there will be arbitrary increases. Also
by hnal943 11y ago
If you have a fixed-rate mortgage, you will never experience an increase in your payment, so I'm not sure why you think there will be arbitrary increases. Also, while the payment will be higher on a mortgage, you also have an asset. The only part of a mortgage payment comparable to rent is the interest. Do you really mean to say that the interest on a flat is more than rent?
- tomp 11y agoUnfortunately, there are no fixed rate mortgages available in the UK. The second part I agree with, the interest is cheaper than rent, but the mortgage isn't.