Mortgage Rate Rises

fez said:
From a brief read, if it’s not feasible or cost effective you can get a waiver. That should cover a huge amount of housing stock. If I had cavity walls I would happily stick insulation in there. Anything we did to our house to increase the EPC rating by any serious amount would probably cost north of £20k and devalue the house by a similar amount if not more.
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I don’t have cavity walls and have applied external wall insulation.
 
BBC's economics correspondent on the news this evening, Faisal Islam, predicting a rise in intrest rates this week.
 
I see no reason why to rent out a house, it should not be up to a reasonable standard. EPC C rating is not too onerous and provides the tenant with insulation and double glazing with a proper heating system. Unlikely to suffer from mould, damp etc.
 
neocon said:
Public sector workers going to need to strike for even higher wages now
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and they should, well certain ones should. My sector has only had 1% payrises over the last 10 years.....and not every year I might add. Workers are getting sick of being paid peanuts because it all goes on tax (which is then wasted).

I wouldn't mind if public services were good, but when you pay hundreds and hundreds of pounds each month and get crap service back in return somethings got to give. You can blame the war in ukraine, but someone decided to import energy from abroad. If energy is so risky, why spend billions on HS2 and not more nuclear plants at home? Can of worms that one :cry: but you get my point.
 
TheOracle said:
and they should, well certain ones should. My sector has only had 1% payrises over the last 10 years.....and not every year I might add. Workers are getting sick of being paid peanuts because it all goes on tax (which is then wasted).

I wouldn't mind if public services were good, but when you pay hundreds and hundreds of pounds each month and get crap service back in return somethings got to give. You can blame the war in ukraine, but someone decided to import energy from abroad. If energy is so risky, why spend billions on HS2 and not more nuclear plants at home? Can of worms that one :cry: but you get my point.
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Vanity projects
 
int TheOraclesWorkrate = 100%

Do Until Retirement (
TheOraclesWorkrate = TheOraclesWorkrate ++ (Payrise - Inflation)
)

If TheOraclesWorkrate > 100% {
chrome.exe -forums.overclockers.co.uk} else {chrome.exe -forums.overclockers.co.uk}

:cool:
 
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Going to start struggling now at 4%, this is a big number compared to what it was.

People tend to buy the biggest and best house they can afford and it's usually based on the interest at the time.

The rise to 4% is pretty huge tbh and it will hurt me, I don't know how long I can sustain this tbh but it has increased my payments to a lever I never expected to see.
 
Surprises me a little as swap rates are only just over that now.

Be interested to see if it goes up even higher.

But historical 4% is nothing too crazy.
 
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