For someone who supports a party that all about personal responsibility it always amazes me how little personal responsibility people like them actually take.
2022 mini-budget discussion
- Thread starter Harlequin
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Also..
Mortgage lending statistics - December 2024
We collect mortgage lending data via the Mortgage Lending and Administration Return (MLAR) which is submitted to the FCA by firms carrying out mortgage lending and mortgage administration.
Soldato
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That is new mortgages, not all mortgages. Try again
Also..
Mortgage lending statistics - December 2024
We collect mortgage lending data via the Mortgage Lending and Administration Return (MLAR) which is submitted to the FCA by firms carrying out mortgage lending and mortgage administration.www.fca.org.uk
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Look at the MLAR stats on the FCA page
Why? You're wrong
Even though we are going through a pretty terrible time as a country at least you've all given me a good laugh, so thank you
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More like 75% are fixed
I've not worded it right. There's a chart on sky news I think.
If that's all mortgages. And let's say the danger period for being unaffordable is from q4 2022. A year after that you're looking at a good 1.5mln mortgages directly in high risk of default.
Of course many will be near end term or small. So it's probably well under a million maybe even 0.5mln.
That is still a lot of people.
Would be about 2 percent of homes
Laugh and you might choke!Even though we are going through a pretty terrible time as a country at least you've all given me a good laugh, so thank you
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Oh dear, that's going a bit too farLaugh and you might choke!
.Perfectly proving my point, if as you seem to be implying there was no better alternative then it leads one to ask: Is this the best they've got? Clearly you think the same as me, that there was no better alternative so maybe we should throw the whole lot out.
Why? You're wrong
Ahh i put 'all', my mistake. Reading the UKFinance website on the stats, 74% in total are fixed. But 50% of variables are locked for 5 years. A very small percent of people will be affected by the changes of interest rate. And 0.15% bank rate increase means a £10 increase in mortgage payment
Ignoring the rest of your post which makes zero sense, this depends on the mortgage amount.
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Soldato
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You mean £15 per month per what, 100k owed
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Mine is for a start. Nuts!
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Yea? It's just the article i read. https://www.ukfinance.org.uk/news-and-insight/blogs/how-the-bank-rate-affects-mortgage-rates
Yeah? It depends on the size of the mortgage like I said.Yea? It's just the article i read. https://www.ukfinance.org.uk/news-and-insight/blogs/how-the-bank-rate-affects-mortgage-rates
0.15% increase will be totally different on a 100k or 300k mortgage and we are talking people coming off fixes have rates 2, 3 or 4% higher. Orders of magnitude higher than 0.15%.
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You'll be reet with 6-7% yeah.
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