UK Landlord Forum / Life

My mate has just found out getting a mortgage is out the question for him as the payments are to high.  It seems that renting is returning to be the way to go untill property settles and wages catch up.  5yrs ago his 15k and his average wage would have got him what he wants, but today with 15k and a take home wage of only 1300pm he is screwed,  Ok he could get one but as he said how the fukc am i going to live/ have a life etc with mps at 8-900 quid.  I had to agree as the rent on the same house is only 650- 700pm.
From this evaluation you can see the whole market coming full circle and doing what it did 10 yrs ago when renting was the in thing.
Time to start buying people time to start buying.

Pfag get to see your Fadvisor buddy and start looking at a plan me old fruit

The Fat Badger

Yeah, if you can get a decent property below market value, and able to get a mortgage where the figures stack up, it's definately worth buying.

I'm holding out for a deal, though. I would never try to buy anything at market value.