Buying your first home will almost always make better sense than renting. That is unless you live with five other flatties, eat baked beans, and have a communal shower. Those are hard economics to beat under any scenario!
Mortgage rates will increase, but to a lesser extent than wholesale rates. Long-term mortgage rates are 1.00% higher than they should be and are not good value. Short-term fixed rates offer the best value for money.
Is your glass half full or half empty? With commentators lining up to predict the gloomiest possible scenarios for our economy we thought we’d put some water back in the glass. The media pundits are quick to take the chicken little point of view: “Help! The sky is falling!” And sure, we have high interest
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