A question to any FTB's who have purchased within the last 6 months or who are closing soon. Have recent rising interest rates, and the prospect of further increases (another in May/Jume, 3-3.5 by year end) had any impact on your outlook or indeed your pocket?
I'm in the process of becoming a fully fledged FTB and there seems to be a huge sense of bravado at the moment with regard to property prices and the prospects for 'guaranteed' price increases in the future. The prospect of taking on 300K, 400K, even 500K mortgages, is seen as a badge of honour rather than a milestone.
I'm in the process of becoming a fully fledged FTB and there seems to be a huge sense of bravado at the moment with regard to property prices and the prospects for 'guaranteed' price increases in the future. The prospect of taking on 300K, 400K, even 500K mortgages, is seen as a badge of honour rather than a milestone.