Mortgage Rate Rises

dLockers said:
I really don't understand how this is an effective measure of anything. Of course prices go up if there is a one off event constraining supply (salad items referenced in that article).

I wager the private sector perpetual growth fantasy is becoming too difficult to achieve in the traditional way, so they are incentivised to just keep inflation as high as possible as a means to increase prices. It'd explain the record profits!
Click to expand...
Where ****** basically
 
Governments have let (helped) the wealth move towards the 1% of the 1%. There is no scenario where this is ever a good thing.

There needs to be a huge tax on the mega rich, and I don't mean those who have 1m or even 10m but those with hundreds of millions.
 
Last edited:
TheOracle said:
Governments have let (helped) the wealth move towards the 1% of the 1%. There is no scenario where this is ever a good thing.

There needs to be a huge tax on the mega rich, and I don't mean those who have 1m or even 10m but those with hundreds of millions.
Click to expand...
Agreed but you can see on this very forum that folk think the "very rich" are those on 100k lol. The media has done its job perfectly as the Tory mouth piece
 
TheOracle said:
There needs to be a huge tax on the mega rich, and I don't mean those who have 1m or even 10m but those with hundreds of millions.
Click to expand...
It sounds so simple... But how does it actually work? A few years ago Musk doubled his money - but he wasn't paid. His shared doubled in value - I doubt there is a country in the world that taxes that. When you sell them sure... but again, that will all be done via a "legal" network of companies in a tax haven. Then you get people like (IIRC) Diane Cotes - gets a massive bonus, pays a huge amount of tax and still gets ripped a new one.

I think everyone agrees more tax needs to be paid by the filthy rich. Thats the easy part. Do you have a workable solution? I thought not...
 
TheOracle said:
Governments have let (helped) the wealth move towards the 1% of the 1%. There is no scenario where this is ever a good thing.

There needs to be a huge tax on the mega rich, and I don't mean those who have 1m or even 10m but those with hundreds of millions.
Click to expand...

A personal windfall tax/asset taxation or much much higher inheritance tax and closure of loopholes like companies owning assets like houses really should be super easy to get support for.

But then you'll find idiots on QT etc going on about how it's against strivers even though you could strive for several lifetimes and get nowhere near being super wealthy.

I think part of the problem is the scale of it is hard to comprehend, like if you were asked to pick someone who was mega rich most would go for a celebrity or a footballer and fair play they are and I'm not suggesting they should be exempt but many mid level celebs are in the 10s of millions. Then you get to the mega rich, the billionaires.. and each billion is a thousand million pounds.

Personally I see no reason why anyone should be a billionaire tbh, nobody sets out with that as an ambition.
 
TheOracle said:
Governments have let (helped) the wealth move towards the 1% of the 1%. There is no scenario where this is ever a good thing.

There needs to be a huge tax on the mega rich, and I don't mean those who have 1m or even 10m but those with hundreds of millions.
Click to expand...

Things will never change unless the youth which includes our 30-40 cohort of OCUK vote in GE's. I have never voted in a GE in my entire life so am entirely to blame.
 
Last edited:
adam cool dude said:
Things will never change unless the youth which includes our 30-40 cohort of OCUK vote in GE's. I have never voted in a GE in my entire life so am entirely to blame.
Click to expand...

The trouble is the choice you have is between the devil and the deep blue sea. Vote one party out that's ****** the country to vote another in, wait a few years and rinse and repeat ad infinitum.

We need a change but we the people are just too corrupt, selfish and self-centred.
 
Mysterae_ said:
The trouble is the choice you have is between the devil and the deep blue sea. Vote one party out that's ****** the country to vote another in, wait a few years and rinse and repeat ad infinitum.

We need a change but we the people are just too corrupt, selfish and self-centred.
Click to expand...
Personally I don't think it's as much an issue as you think. The issue is more the amount of time a party spends in power, and you end up having politicians that take their position for granted (so don't perhaps do what's right for the People), but also, they end up going too far in 1 direction for too long and then the cracks appear and then if it continues, things start to really fall apart.

Labour had it from 13 years in power. The Conservatives have it from currently 12 years and growing in power. It needs to go back the other way for a bit and for the first x years will (hopefully) run better.

You also have it where one party can be too powerful. 387 MPs for Boris Johnson was a mistake and gave him too much control. I always wanted conservatives to win as many seats as possible when I was younger, but now I see why that is not good and a strong opposition is also really important, regardless of which party is in power/opposition
 
In the process of securing a new mortgage for a new extension. I have just been presented with the following options. Sucks as my current mortgage is 1.09%

£187,000 borrow amount

3.99% 5 year fixed, free valuation and legal service, arrangement fee £999 (can be added to the loan)
= £1132 a month over 20 years
= £986 a month over 25 years
= £892 a month over 30 years

Or

4.36% 2 year fixed with same fees as above
= £1169 a month over 20 years
= £1025 a month over 25 years
= £932 a month over 30 years
 
I sent off my filled in remortgage deed form and mortgage Questionaire form yesterday on the offer i had via L&c brokers , lender Barclays and solicitors intergrar, the broker search was done about 3 weeks ago.

Apparently the rates have gone up for Barclays which is at something like 4.35%. So the deal I had picked on 4.15% is less


Very volatile market at the moment! News reporting some lenders are taking the cheaper rates off the shelves, some saying it's falling, some say it's rising

What a time to be sorting out a mortgage in the UK
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom