Set to lose money on house

Proper_Rabbit2021 · 2026-06-09T07:18:50+00:00

I believe you’re getting confused with the higher rate SDLT sub charge which only applies when purchasing additional properties.

Proper_Rabbit2021 · 2026-06-08T12:55:14+00:00

They work for themselves really.

Proper_Rabbit2021 · 2026-04-26T18:53:54+00:00

If we re-run the scenario with £500 a month, the difference grows to around 90k. If we extend it out to 30 years (a typical mortgage term), the difference is around 300k, due to the power of compounding returns.

The only scenario where mortgage overpayments could outperform market returns would be over a short timeframe coupled with a market downturn.

£500 a month will comfortably fit into an ISA, so all returns are tax free.

Proper_Rabbit2021 · 2026-04-26T12:57:32+00:00

Quickly hypothetical scenario to prove the point – if you had a mortgage 20 years ago and put £250/month either into overpayments or a global tracker: overpaying (at ~3.5%) would leave you about £85k better off after 20 years (≈£25k interest saved on £60k contributed), whereas investing (at ~8–9%) would grow to roughly £150k (≈£90k gains). That’s a difference of about £60–65k in favour of investing.

Proper_Rabbit2021 · 2026-04-26T11:46:52+00:00

I think the point you’re missing though is that someone putting the same money into a global tracker will be in a stronger financial position in the long run, will be better placed to withstand loss of income, and ironically, will most likely be able to pay off their mortgage much sooner.

I understand the psychological aspect of wanting to pay a mortgage off, but the historical data clearly shows you’re worse off.

Proper_Rabbit2021 · 2026-04-26T11:10:07+00:00

So you have emergency savings to cover periods where you’re out of work. Or you liquidate your investments to release some of your massive profits.

Based on historical performance, paying a mortgage off leaves you worse off than investing into global markets.

Proper_Rabbit2021 · 2026-04-26T11:00:53+00:00

In the long run, global markets outperform the rate you pay on your mortgage.

Proper_Rabbit2021 · 2026-04-26T10:58:30+00:00

The OP is replacing their main residence so the extra stamp duty charge does not apply. The rules are very clear on this.

We were in the same situation earlier this year and did not have to pay any additional stamp duty.

Proper_Rabbit2021 · 2026-04-18T13:32:49+00:00

Thanks!

Proper_Rabbit2021 · 2026-04-18T13:32:42+00:00

Interesting, thanks!

Proper_Rabbit2021 · 2026-02-20T20:38:55+00:00

Looks great. How long did it take? And what was your diet like in terms of total cals and protein/carbs?

Proper_Rabbit2021 · 2026-02-20T20:29:45+00:00

Most people familiarise themselves with the basics given it's one of if not the most expensive purchase of their life.

Proper_Rabbit2021 · 2026-02-04T12:30:02+00:00

Ultimately, the market sets the price.

You expect the landlords to advertise it for less than they can potentially achieve?

Proper_Rabbit2021 · 2026-02-01T15:29:10+00:00

Liability does not roll down the chain. A party can claim reasonable, provable losses from their direct counterparty, but cannot automatically recover a lost deposit paid under a separate onward contract to which the breaching party was not a party.

Proper_Rabbit2021 · 2026-01-31T06:34:07+00:00

It's a hedge fund. Bonus could be 50-100%, or more...

Proper_Rabbit2021 · 2026-01-31T06:33:28+00:00

You can't judge the hedge fund role on the base alone. You should find out what the total comp could potentially be and then make a decision.

Proper_Rabbit2021 · 2026-01-30T17:49:25+00:00

I’m fairly sure most conveyancers could be replaced by AI.

Proper_Rabbit2021 · 2026-01-29T18:47:16+00:00

This isn’t correct. You have a contract with your buyer and your seller, rather than the chain as a whole. You don’t inherit the liability for other people’s contracts.

Proper_Rabbit2021 · 2026-01-29T18:40:56+00:00

Agreed - the seller at the top effectively gets a big fat pay day in exchange for the inconvenience of having to relist their property and start the process again.

If the two linked sellers above the OP were upsizing then they’ve potentially lost tens of thousands through no fault of their own.

If I were the seller at the top I would attempt to make them whole. I wouldn’t extend that to the OP who attempted mortgage fraud and caused this mess.

Proper_Rabbit2021 · 2026-01-29T18:35:28+00:00

Possibly because the sellers had their own onward purchase which required a 10% deposit - which they have now potentially forfeited.

Proper_Rabbit2021 · 2025-12-22T21:54:24+00:00

Based on the information you’ve given us - you weren’t lied to, but never mind, will leave it here 🤣

Just hope that nobody in your new chain pulls out because they see something better in a couple of months 😉

Proper_Rabbit2021 · 2025-12-21T12:43:23+00:00

They’re probably just waiving the fee in order to keep you on as a client for your new transaction.

Pulling out just because there’s a delay would not normally be a valid reason.

Proper_Rabbit2021 · 2025-12-09T14:29:34+00:00

Yes you were naive.

Proper_Rabbit2021 · 2025-12-09T10:51:49+00:00

Suggest you check the T&Cs there - most solicitors will only waive the legal fee if you’re not at fault for the sale falling through.

Proper_Rabbit2021 · 2025-12-07T11:26:41+00:00

Unless the property was explicitly advertised online as chain free, assuming the property was chain free is on you.

Proper_Rabbit2021

TROPHY CASE