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Where I am there are no fixed-for-the-life-of-the-loan mortgages, so I will have to remortgage at a higher rate in 2025. I expect by then things will have calmed down a little from the worst this year, but will still be significantly more expensive than they are now. However, I will have had five years paying very low interest rates (about 1.6%) and am overpaying. It makes more sense than renting and the place I bought has been a great place to live during the pandemic. I don't know how much the value has increased since I bought it - despite small falls though the wider area has seen average property prices go up about 25% over this time so I'm not in any danger of being stuck unable to move. Even if prices collapsed I would likely be safe from negative equity due to having had a large deposit.