Could my mortgage cost me more than I make from house price rises?

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A 30-year mortgage could see a ￡282,000 house cost a total of ￡445,000
But are house prices likely to rise enough to （不足などを）補う the difference??
We crunch the numbers on mortgage costs and house prices in coming １０年間s?

By Ed Magnus

Updated: 09:15 BST, 18 April 2024

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When people buy a home they tend to think they are making a sound 投資, as prices tend to rise in the long run.

But unless they are a cash 買い手, they 要求する a mortgage from a 貸す人ーするために購入（する） a 所有物／資産／財産.

They will then spend １０年間s 返すing that mortgage, with a large 部分 of their 月毎の支払い（額）s going on 利益／興味.

While it's 平易な to know how much they've made from house price growth when they come to sell, homeowners usually 支払う／賃金いっそう少なく attention to how much the mortgage has cost them in the 合間.

With mortgage 率s having risen over the past two years, it means the total 量 paid 支援する is more likely to have superseded any 伸び（る）s made by house price growth during that time.??

New 研究 from the comparison 場所／位置, Finder, has 明らかにする／漏らすd how much someone 現在／一般に buying the 普通の／平均（する） UK home would need it to rise in value ーするために相殺する mortgage costs

That doesn't mean buying a home is やむを得ず a bad idea, 特に if the 代案／選択肢 is 支払う／賃金ing ever-higher rents - but owners may be 利益／興味d to know how much they would need their 所有物／資産／財産 to rise by to fully 相殺する their mortgage costs.

Thanks to some new 研究株d 排他的に with This is Money by the personal 財政／金融 comparison 場所／位置 Finder, we are able to 明らかにする／漏らす just that.?

The 分析 is based on someone buying the 普通の／平均（する） UK home with a 25 per cent deposit on a 30-year mortgage 称する，呼ぶ／期間／用語, whilst?支払う／賃金ing the 普通の／平均（する） mortgage 率 over the last 30 years, which is 4.25 per cent when also factoring in typical 料金s associated with remortgaging.

The 普通の／平均（する） UK home 現在／一般に costs ￡281,913, and someone buying this with a 30-year mortgage would 結局最後にはーなる spending ￡445,000 on the house and mortgage, によれば Finder.

For the 所有物／資産／財産 to reach this valuation, the asking price would therefore need to rise by 58 per cent, equating to over ￡163,000 in 通貨の条件 over 30 years.

The good news for 可能性のある homebuyers, though, is that over the last 30 years, the UK's 普通の／平均（する） house price has risen by a 抱擁する 416 per cent.

Were this to happen again, a house 価値（がある）￡281,913 today would be 価値（がある）￡1,454,981 in 2054, によれば Finder.

What if mortgage 率s remain where they are?

Mortgage 率s are 現在／一般にわずかに above the 30-year 普通の／平均（する）.

At 現在の, the most popular mortgage 製品の中で borrowers are two-year 直す／買収する，八百長をするd 率s, によれば仲買人 L&C Mortgages.?

The 現在の普通の／平均（する） two-year 直す／買収する，八百長をするd mortgage 率 for someone buying with a 25 per cent deposit is 4.97 per cent, によれば Finder.

If this 率 were to stay the same for the next 30 years, the total 量 someone would need to 支払う／賃金 would rise to ￡477,900. This 作品 out as an extra ￡90.65 per month, and over ￡32,600 全体にわたる.

> What next for mortgage 率s and how long should you 直す／買収する，八百長をする for??

によれば Moneyfacts, the 普通の／平均（する） two-year 直す／買収する，八百長をするd 率 mortgage is 5.81%

によれば Moneyfacts, the 普通の／平均（する） two-year 直す／買収する，八百長をするd 率 mortgage across all deposit sizes is 現在／一般に higher at 5.81 per cent.

If this were the 普通の／平均（する）率 over the next 30 years, the total 量 someone would need to 支払う／賃金, when buying the 普通の／平均（する） home, would rise to ￡517,705, which equates to an extra ￡72,705 over the mortgage 称する，呼ぶ／期間／用語, albeit not taking into account 付加料金s.

For house prices to match the cost of the mortgage, they would need to rise by 概略で 84 per cent over the next 30 years.?

How much will your mortgage cost over its lifetime?

The difficulty with working out the cost of a mortgage over its 25, 30, 35-year or even longer lifetime is that 率s will almost certainly change.

Britain's system of shorter 称する，呼ぶ／期間／用語直す／買収する，八百長をするd 率取引，協定s - rather than 直す／買収する，八百長をするing a 率 for a mortgage's life - means that a borrower could have started off 支払う／賃金ing 5 per cent in the 中央の-2000s, 転換d to 率s of around 2 to 3 per cent after that, gone 負かす／撃墜する to a 直す／買収する，八百長をする in the 1 per cent bracket, and now be 支援する at 5 per cent.

To get an idea of how much a mortgage would cost over a lifetime, you can use True Cost Mortgage Calculator, and put in different 率s for different time periods - or you could choose an 普通の／平均（する）率 that you 見積（る） for the 十分な称する，呼ぶ／期間／用語.??

Compare true mortgage costs

Work out mortgage costs and check what the real best 取引，協定 taking into account 率s and 料金s. You can either use one part to work out a 選び出す／独身 mortgage costs, or both to compare 貸付金s

Mortgage 1
Mortgage 2
Mortgage 量
￡
￡
協定料金s
￡
￡
称する，呼ぶ／期間／用語
years
years
利益／興味率 (actual 率 not APR)
%
%
初期の取引，協定 period
yrs
mths
yrs
mths
Mortgage type

Mortgage 1
Mortgage 2
Total mortgage 告発（する），告訴（する）／料金
Total 利益／興味告発（する），告訴（する）／料金
Total 月毎の支払い（額）
Cost over 取引，協定 period 含むing 料金s

Will house prices continue to rise like in the past?

For house prices to rise over the next 30 years as 急速な／放蕩な as they have over the past 30 years, they would on 普通の／平均（する） need to rise around 5.63 per cent every year, taking into account the 影響 of 年次の構内／化合物ing.

This might seem 完全に possible. However, many of the major house price 予測（する）s paint a more downbeat picture, over the next five years at least.

For example, the 広い地所スパイ／執行官, Savills, is 予報するing that 普通の／平均（する） UK house prices will rise by 17.9 per cent in the five years to 2028.

Savills is 予測（する）ing that UK house prices will rise by いっそう少なく than 18% over the next five years

一方／合間, Knight Frank is 予測（する）ing 普通の／平均（する） UK house prices to rise by 20.5 per cent over the same period.

The 所有物／資産／財産会社／堅い, JLL, is 予報するing an even flatter picture with 普通の／平均（する） house prices rising 14 per cent by 2028, 代表するing an 普通の／平均（する） rise of 2.7 per cent each year.

最終的に, house price 予測（する）s are to be taken with a pinch of salt. 予測（する）ing the next five years is hard enough, but 予測（する）ing the next 30 years 正確に is almost impossible.?

Is buying a home a sound 投資?

Owning one's own home is often 見解（をとる）d as more than just an 投資, it's a British obsession, and many 見解（をとる） 'getting on the ladder' as one of life's 広大な／多数の／重要な milestones.

Buying a 所有物／資産／財産 is often considered to be a 示す of independence, 安全 and success.

Owning is often also みなすd as a preferred 代案／選択肢 to renting, which often means 支払う／賃金ing ever-増加するing rents to a landlord who could ask tenants to leave at any time, with just two months' notice.?

What next? While house prices have tended to rise in the long run, they have been drifting sideways and even dipping over the past two years thanks to higher mortgage 率s

But in 純粋に財政上の条件, buying and owning a home carries more than just the cost of a mortgage.

Buying also comes with some 付加 costs such as 合法的な and surveyor 料金s and for those that move it will also 伴う／関わる広い地所スパイ／執行官料金s and in most 事例／患者s stamp 義務 costs on 未来購入（する）s.

Then there is the cost of 所有権, which 含むs 修理s and 維持／整備 or more often service 告発（する），告訴（する）／料金s and ground rents if a leasehold 所有物／資産／財産.

最終的に, while buying a 所有物／資産／財産 can be seen as an 投資, it should not be done for that 推論する／理由 alone.

Liz Edwards, personal 財政／金融専門家 at Finder said: 'Getting on the 住宅 ladder has typically been a sound 投資 for Britons but there are some 重要な things to 耐える in mind before you buy.

'Firstly, don't assume that previous house price rises will continue.?

'It's even possible that prices could go through a 長引かせるd 下落する - for example, prices 低迷d and didn't 回復する for almost eight years between July 1989 and April 1997.

'Secondly, it's 価値（がある） remembering that the price of a house isn't the only cost 伴う／関わるd. There are 付加料金s like stamp 義務, solicitors' 料金s and a mortgage 料金.

'And as this r esearch has shown, mortgage costs 追加する a 重要な量 to the 全体にわたる cost of a house - 特に if 利益／興味率s rise in the 未来.'

Some links in this article may be (v)提携させる(n)支部，加入者 links. If you click on them we may earn a small （売買）手数料，委託（する）／委員会／権限. That helps us 基金 This Is Money, and keep it 解放する／自由な to use. We do not 令状 articles to 促進する製品s. We do not 許す any 商業の関係 to 影響する／感情 our 編集（者）の independence.

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What if mortgage 率s remain where they are?

How much will your mortgage cost over its lifetime?

Compare true mortgage costs

Will house prices continue to rise like in the past?

Is buying a home a sound 投資?

株 or comment on this article: Could my mortgage cost me more than I make from house price rises?

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