stumpjumper

For me I have no family or ties but pay more in rent than a mortgage of said amount (100K). Does anyone know if theres an equation which shows what the relationship Vs rate rises would be ie rates rise by x amount what would house price falls have to be to cover that. Im sure ive seen a calculation once showing that but can't remember where..........obviously maths is not my strong point

Hi guys, Sorry for Hi- jacking the thread but didn't think it deserved a new one of its own. Heres the story......been looking to buy for the past 3 years and have held out but want a place to hang my hat after some really crappy rentals (im not getting any younger). Im lucky enough to have amased a deposit of £50K and think I can secure a house that id want to live in for the next 10 + years with a 100K mortgage. Im in two minds whether to wait longer still for the fall which some of us have been speculating will happen or whether to get in early before rates rise removing the benefits of any falls. I know in my heart that this puppy has to burst but feel Im not moving on with my life (how I want to live it) until I can settle down and just can't see when this will end. Thanks