To feel rather bored with mortgage payment every mth

[blagaaw99]

Just that really, it's such a lot of money per month. When you think what else that money could be spent on. Can't wait til it's paid off. Anyone else feel like this?

When I see the TV showing people living in awful rented accommodation full of damp or other problems, or worse, life in camps abroad, I feel so lucky to have a mortgage on my tiny 2 bed house. It's a nice house and yes the kitchen needs updating, but is clean, nicely decorated and warm. I don't mean this in a preachy way - I get feelings of dissatisfaction too but sometimes a reality check on how lucky I am in the grand scheme of things helps.

@Cadent

I think what’s harder is knowing your neighbours paid £300k less for a house in the same street.

We used to live in an ex-council house that had been sold under right to buy and paid £1k a month in rent. Our next door neighbours were council tenants and paid £400 a month for exactly the same sized house. I was gobsmacked when I found that one out!

@nevermorelenore that must have been hard! Do you think they were worse off than you? Probably difficult to say.

Something like 40% of properties bought under rtb are now owned by landlords and rented out privately, aren't they? Agree that it's crap. Pay more money to have less control and no security.

@Enrico

Something like 40% of properties bought under rtb are now owned by landlords and rented out privately, aren't they? Agree that it's crap. Pay more money to have less control and no security.

That should just not be allowed - RTB properties should have been sold with covenants preventing them being rented out. It’s disgraceful.

Awful isn't it. There are restrictions for the first few years but after that it's open season.

Just to make things even worse, in areas where house prices are low (yes these do exist) pretty much everyone who is renting is doing so because they are either without work or working limited hours, so their rent is paid largely through public funds. Even in other areas, a lot of long term private renters would have previously eventually been allocated public housing and paid the rent through their wages, so putting money into public funds. But now they rent privately which is more expensive and a fairly large portion of them get top up benefits to cover it which ofc goes to the landlords.

So you have people who previously would have been in public housing either paying rent to the state or being of neutral cost to the state (if not working) now being the middle men with the state passing money through them to their landlords, in order that they are housed. In a house that they would previously have been allocated.

It's not only wrong but fiscally stupid.

@Enrico

Something like 40% of properties bought under rtb are now owned by landlords and rented out privately, aren't they? Agree that it's crap. Pay more money to have less control and no security.

I really, really hate this. Two houses next door to one another, identical in every way, one rented via a HA for £390 pcm. one through a bloodsucking private landlord for £975 pcm. It's disgusting. It genuinely appals me that anyone would think it was OK. People exercising RTB to make a profit are morally flawed and I feel real ill will towards them.

I don’t think you can blame the individual landlord for doing what’s legal and charging a market rent.

Blame the useless government that set up the system without putting in place enough long term claw backs for the tax payer and compelling the councils to replace the housing stock, and the subsequent useless governments who have failed to correct it

I don’t think you can blame the individual landlord for doing what’s legal and charging a market rent.

Of course I can, and I do. No one put a gun to their head and forced them to buy a house to let out in order to make a profit, did they? Just because something is legal and possible does not make it right.

I think everyone has the right to moan about money going out of their bank every month on living costs. I get it. Its dissatisfaction.

You signed up for the monthly mortgage amount, surely you only have yourself to blame for that if it's alot of money every month?

I actually really enjoy seeing our mortgage balance go down each month. One step closer to being mortgage free and owning the house!

@jimmyjammy001

You signed up for the monthly mortgage amount, surely you only have yourself to blame for that if it's alot of money every month?

because people have a choice do they? It's only a whim if people sign up to pay a mortgage or rent every month?

If you can tell us a way to not pay bills, utilities, housing of any kind, please do let us know.