Land Registry data for September 2022

I'm in the process of uploading the latest house price data to the website. It looks like house prices are on the way up again, although they are still negative on an annual basis. I would guess that increasing interest rates and the cost of living crisis will likely cause prices to fall in the coming months.

One thing I haven't seen mentioned about increasing mortgage rates is how the effect of them is very different depending on where you are in your mortgage life. For example, compare the increasing payments for someone with a 25 year mortgage compared to someone with 5 years remaining on their £100,000 mortgage

Number of years	Mortgage rate		Percentage increase in payment
	2%	6%
25	£424	£644	52%
5	£1,753	£1,933	10%

The person with 5 years left on their mortgage is mostly paying down the loan whilst the person with 25 years left is mostly paying interest so their payments increase much more. Once again the younger generation are getting walloped, this time by maths rather than their government.