you're not....

the "price of rental" is not the same as the "cost of rental" - as while one guy may pay exactly the same to rent a place as his neighbour pays in mortgage, the owners value is increasing as his debt decreases (repayment mortgage) OR his property increases in value as he pays his monthly interest, whilst his endownment payment per month "should" cover the actual loan at the end of its term.

I prefer "repayment" as there no guarantee with an interest only mortage paying enough to pay off the loan at the end of the term. Downside is, a repayment mortgage costs far more a month on he same property as an interest only mortgage.

Posted By: Cheltenham_Canary on September 11th 2013 at 11:48:52

Message Thread

How much is YOUR mortgage? (General Chat) - Charles21, Sep 11, 10:25:40
- fuck off (n/m) (General Chat) - Pit, Sep 11, 11:37:06
- ?630 for a 3 bed detached. (General Chat) - MortgageGuru, Sep 11, 10:55:19
- ?0 (n/m) (General Chat) - Darren Eadie, Sep 11, 10:46:38
- touchy! (n/m) (General Chat) - CROMAGZ, Sep 11, 10:37:47
  - Don't see you disclosing yours! (n/m) (General Chat) - Kirrie, Sep 11, 10:46:17
- Mind your own business - and that's me being polite! (n/m) (General Chat) - Kirrie, Sep 11, 10:34:36
  - ^vmt (n/m) (General Chat) - Cheltenham_Canary, Sep 11, 10:35:55
- On which property? (n/m) (General Chat) - fleckmatic, Sep 11, 10:31:29
  - the cheapest (n/m) (General Chat) - Charles21, Sep 11, 10:37:46
- ?0, zilch, nada (n/m) (General Chat) - CB41, Sep 11, 10:30:18
  - Nice work (General Chat) - Charles21, Sep 11, 10:38:20
    - No idea. Wasn't my work either. (General Chat) - CB41, Sep 11, 10:53:06
      - oh (n/m) (General Chat) - Charles21, Sep 11, 11:41:49
- vulgar question.... (General Chat) - Cheltenham_Canary, Sep 11, 10:28:26
  - Bit different to asking for salary (General Chat) - duke of york, Sep 11, 10:32:35
    - not really..... (General Chat) - Cheltenham_Canary, Sep 11, 10:35:04
      - Well I feel bad about my mortgage being so fucking high (General Chat) - duke of york, Sep 11, 10:36:13
        
        dookey..... (General Chat) - Cheltenham_Canary, Sep 11, 10:38:44
        
        I've not helped on that front have I. As I said to Chaz, I only have no mortgage because (General Chat) - CB41, Sep 11, 10:54:33
        
        nope.... (General Chat) - Cheltenham_Canary, Sep 11, 11:24:26
        
        Spot on Chelts! (n/m) (General Chat) - Kirrie, Sep 11, 10:47:57
        
        haha, ah, I see (n/m) (General Chat) - duke of york, Sep 11, 10:39:28
  - Personal preference init. Personally, I don't give a shit what anyone knows about me. (n/m) (General Chat) - CB41, Sep 11, 10:31:19
    - i only care... (General Chat) - Cheltenham_Canary, Sep 11, 10:33:24
      - I'm curious to compare to rental prices (General Chat) - Charles21, Sep 11, 10:39:22
        
        Charles, they costs are roughly comparable for similar properties.... (General Chat) - Kirrie, Sep 11, 10:56:32
        
        I thought renting was now much more expensive (General Chat) - Charles21, Sep 11, 11:44:29
        
        you're not.... (General Chat) - Cheltenham_Canary, Sep 11, 11:48:52
        
        but don't forget costs of ownership (General Chat) - CWC, Sep 11, 11:57:32
        
        yes.... true.... (General Chat) - Cheltenham_Canary, Sep 11, 12:24:09
        
        its pretty much given.... (General Chat) - Cheltenham_Canary, Sep 11, 10:42:54
        
        Chaz lives in London though. He'd not get a shed for that. (n/m) (General Chat) - CB41, Sep 11, 10:52:12
        
        fwiw my interest element is lower than the rent on an equivalent property. HTH (n/m) (General Chat) - CWC, Sep 11, 10:42:08
      - Fair enough. Can't say I've ever been in that position but I'm sure there are folk who do. (n/m) (General Chat) - CB41, Sep 11, 10:34:42
- ?835 (n/m) (General Chat) - duke of york, Sep 11, 10:25:53
  - Bargain! Mine is way way more than that!!! (n/m) (General Chat) - admckechnie, Sep 11, 11:23:15
  - That's pretyy low tbh. I was paying over ?600 10 years ago and that was in (General Chat) - CB41, Sep 11, 10:55:52
  - Blimey (General Chat) - Charles21, Sep 11, 10:37:22
    - hmm, you wont want to pay mine then as it's even higher (n/m) (General Chat) - CWC, Sep 11, 10:40:47
    - People pay more than that for rent these days though (n/m) (General Chat) - duke of york, Sep 11, 10:38:30
      - true (General Chat) - Charles21, Sep 11, 10:40:05
        
        Mortgages are dirt cheap right now though (General Chat) - duke of york, Sep 11, 10:51:26
        
        I paid 16% for a while on mine at some stage. 70's, 80's? can't remember (n/m) (General Chat) - CB41, Sep 11, 11:01:09
        
        My highest was 12.5% in 1989 (n/m) (General Chat) - duke of york, Sep 11, 11:01:53

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