Owning a £400,000 house with a £350,000 mortgage in the UK in 2026 means signing a 25-year contract to give the bank around £2,050 a month, in exchange for the right to maintain a building you'll spend another £4,000 a year keeping dry, warm and structurally sound.
At a 5% fixed rate, the total interest over the life of the mortgage is around £264,000. The total mortgage cost ends up at roughly £614,000.
The price tag on the front door says £400K. The actual cost of living in it for 25 years is closer to £750K, before council tax, repairs, insurance and the new boiler.
This is what the country has been calling 'getting on the ladder.'
@cn_ebere As per current rules. You can take the pension even when you move out of the uk as long as you maintain a uk bank account and occasionary pop in now and again
Somali referee Omar Artan, who was denied entry into the USA ahead of the World Cup, has now been appointed by UEFA to officiate PSG vs. Aston Villa in the Super Cup final.