Mortgage Rate Rises

jonneymendoza said:
@Mercenary Keyboard Warrior i guess you are a big fan of traditional system boilers and hate combi?
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No very much not.
I am a fan of pressurised non vented cylinders with system boilers.

Traditional vented are garbage generally. Although thats mainly to do with how old they are and not the tech specifically.

I would take combi over vented, but unvented over combi.

Although now with solar and time of use tariffs becoming more available the benefit of unvented is increasing.

Eg I could buy in elec at 7.5p a unit last winter, vs 12p roughly for gas. I could heat my tank via direct heating for less per kwh than gas ;) And that excludes all the inefficiencies of gas as well.
 
Mercenary Keyboard Warrior said:
No very much not.
I am a fan of pressurised non vented cylinders with system boilers.

Traditional vented are garbage generally. Although thats mainly to do with how old they are and not the tech specifically.

I would take combi over vented, but unvented over combi.

Although now with solar and time of use tariffs becoming more available the benefit of unvented is increasing.

Eg I could buy in elec at 7.5p a unit last winter, vs 12p roughly for gas. I could heat my tank via direct heating for less per kwh than gas ;) And that excludes all the inefficiencies of gas as well.
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Nice.

Maybe a combi boiler can be powered electrically in the future?

I like gas for cooking though. Is it true that they will phase out gas in 15 years ish?
 
jonneymendoza said:
Nice.

Maybe a combi boiler can be powered electrically in the future?

I like gas for cooking though. Is it true that they will phase out gas in 15 years ish?
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You can get electric boilers now. Like a giant shower heater in effect. Would bankrupt most in the UK to run one however!

Gas boilers are currently banned for new installations post 2035 iirc. I believe banned for new builds from 2024/5 type time.

Gas for cooking will be very expensive once you switch in effect since for many that would be the only usage. And infrastructure will still need to be maintained.
We also like gas for cooking (hob). Although the top end elec stuff is supposed to be very good.
 
Mercenary Keyboard Warrior said:
You can get electric boilers now. Like a giant shower heater in effect. Would bankrupt most in the UK to run one however!

Gas boilers are currently banned for new installations post 2035 iirc. I believe banned for new builds from 2024/5 type time.

Gas for cooking will be very expensive once you switch in effect since for many that would be the only usage. And infrastructure will still need to be maintained.
We also like gas for cooking (hob). Although the top end elec stuff is supposed to be very good.
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gas for cooking will never go away .. i can't see my company refurbing 100 kitchens with up to date electric hobs .. tho we do have 3 rational ovens 2 electric 1 gas .. but hobs are a different story
 
flea.rider said:
gas for cooking will never go away .. i can't see my company refurbing 100 kitchens with up to date electric hobs .. tho we do have 3 rational ovens 2 electric 1 gas .. but hobs are a different story
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Commercial and domestic are likely to be different.
The volume used in commerical settings may well tip the point for gas still being economic.

I 100% dont think they will make sense in domestic though. (Once you move away from a gas boiler).

Of course the government could easily make gas 100% economically suicide in any setting should they so choose.
 
Mercenary Keyboard Warrior said:
You can get electric boilers now. Like a giant shower heater in effect. Would bankrupt most in the UK to run one however!

Gas boilers are currently banned for new installations post 2035 iirc. I believe banned for new builds from 2024/5 type time.

Gas for cooking will be very expensive once you switch in effect since for many that would be the only usage. And infrastructure will still need to be maintained.
We also like gas for cooking (hob). Although the top end elec stuff is supposed to be very good.
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I cook many high heat stir fry stuff and love gas hobs.

I would like to get air source heat pump but I need to insulate outside walls of my house, get larger radiators and get solar panels
 
Slight relevance to this thread, but important: uk pensions triple lock has september CPI as one of its trigger points.

The governmemt may be keen to see that number as low as possible, as pension cost increases are substantial in terms of public spending.

Giving a solid signal by raising rates in the short term would help with that.
 
potatolord said:
Slight relevance to this thread, but important: uk pensions triple lock has september CPI as one of its trigger points.

The governmemt may be keen to see that number as low as possible, as pension cost increases are substantial in terms of public spending.

Giving a solid signal by raising rates in the short term would help with that.
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So are benefits and NMW. If these increase and inflation is still around 7% for Sept, it will be a driver in wage negotiations everywhere.

As it stands, NMW has outpaced increases in non-NMW positions over the last 2 year period. If it does it again, some people wont be happy.
 
Confuzz said:
A 5 year fix I took out at the end of may at 4.11% which at the time I was worried I had fixed at the peak and at the worse possible time is currently at 6.14% with the same lender.
That's a crazy increase in such a short time.
I feel sorry for people who need to fix now or in the near future.
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Aye while the commandeers of the economy, previous chancellor now Pm said
'to help with mortgage payments, extend your mortgage by 5 or ten years'
while the MPs who have second London home mortgages for somewhere in London we pay for, under their claimable expenses
they claim the interest, so the rate changes do not affect them
 
Richie said:
So are benefits and NMW. If these increase and inflation is still around 7% for Sept, it will be a driver in wage negotiations everywhere.

As it stands, NMW has outpaced increases in non-NMW positions over the last 2 year period. If it does it again, some people wont be happy.
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The only thing that hasn't come close to any sort of inflationary increase, is anyone who is paid in a government class job, the vast majority being sub-inflation for almost 15 years now.
Its sensationally poor management by a government, at all levels, at the start they claimed there was no money, now seemingly there is less, yet they've ****** about 2 trident programme replacements worth of money (remember when that was claimed to be big amount we couldn't afford - 15 ******* years ago) out the window on completely non-auditable PPE and trace and trace Dido Harding ******** exercises.
People should hang, many people, I'd suggest the 1000 closest to the biggest wastage over the past 5 years, from the bridges in London, to deter 2 generations worth of fraud and negligence from future populations.
Likely side effects would be adequate government oversight, adequate spending, less hospitals deaths, and a drop in the crime rate in London.
If it saves the country, I'll hang each of them personally, and you can all jail me for life after if it heals the nation. (I'll appeal to the King for house arrest)
 
Destination said:
The only thing that hasn't come close to any sort of inflationary increase, is anyone who is paid in a government class job, the vast majority being sub-inflation for almost 15 years now.
Its sensationally poor management by a government, at all levels, at the start they claimed there was no money, now seemingly there is less, yet they've ****** about 2 trident programme replacements worth of money (remember when that was claimed to be big amount we couldn't afford - 15 ******* years ago) out the window on completely non-auditable PPE and trace and trace Dido Harding ******** exercises.
People should hang, many people, I'd suggest the 1000 closest to the biggest wastage over the past 5 years, from the bridges in London, to deter 2 generations worth of fraud and negligence from future populations.
Likely side effects would be adequate government oversight, adequate spending, less hospitals deaths, and a drop in the crime rate in London.
If it saves the country, I'll hang each of them personally, and you can all jail me for life after if it heals the nation. (I'll appeal to the King for house arrest)
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It is staggering when you hear Trident subs are considered one of the most complex man made machines ever made, yet one the other hand we seem to have spaffed away equal volumes of money of basically nothing. I still can't get my head around it.
 
Destination said:
The only thing that hasn't come close to any sort of inflationary increase, is anyone who is paid in a government class job, the vast majority being sub-inflation for almost 15 years now.
Its sensationally poor management by a government, at all levels, at the start they claimed there was no money, now seemingly there is less, yet they've ****** about 2 trident programme replacements worth of money (remember when that was claimed to be big amount we couldn't afford - 15 ******* years ago) out the window on completely non-auditable PPE and trace and trace Dido Harding ******** exercises.
People should hang, many people, I'd suggest the 1000 closest to the biggest wastage over the past 5 years, from the bridges in London, to deter 2 generations worth of fraud and negligence from future populations.
Likely side effects would be adequate government oversight, adequate spending, less hospitals deaths, and a drop in the crime rate in London.
If it saves the country, I'll hang each of them personally, and you can all jail me for life after if it heals the nation. (I'll appeal to the King for house arrest)
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We could certainly do with a french revolution/peasants revolt.

I'm ****** furious.

The rich have taken too much.


"Oh, because your food has gone up 50%, that means now your mortgage and rent has to go up 100%. But don't worry, that means the people with all the assets and money can make even more". Literally, **** them.

The whole system is a complete and utter con.
 
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Destination said:
Aye while the commandeers of the economy, previous chancellor now Pm said
'to help with mortgage payments, extend your mortgage by 5 or ten years'
while the MPs who have second London home mortgages for somewhere in London we pay for, under their claimable expenses
they claim the interest, so the rate changes do not affect them
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Pfft, the latest suggestion for those struggling with the CoL crisis....since we seemed to have moved from the high skill high wage workforce that was promised, to now...

www.theguardian.com

Over-50s could deliver takeaways, says work and pensions secretary

Mel Stride lauds flexible working at firms such as Deliveroo amid post-Covid rise in economic inactivity
www.theguardian.com www.theguardian.com

Over-50s looking for work should consider delivering takeaways and other flexible jobs typically occupied by younger people, the work and pensions secretary has said.
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In an interview with the Times during his visit to the food delivery company, Stride said these flexible jobs offered “great opportunities”
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The 2023 version of 'Get on yer bike!' :cry:
 
Freakbro said:
Pfft, the latest suggestion for those struggling with the CoL crisis....since we seemed to have moved from the high skill high wage workforce that was promised, to now...

www.theguardian.com

Over-50s could deliver takeaways, says work and pensions secretary

Mel Stride lauds flexible working at firms such as Deliveroo amid post-Covid rise in economic inactivity
www.theguardian.com www.theguardian.com





The 2023 version of 'Get on yer bike!' :cry:
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Why would anyone even say this.
Yes, if you're struggling, you could get a job. But why say it?
 
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