Mortgage Rate Rises

Freakbro said:
Err, have you seen the amount of fat ******** around? :p



Yea, they should! For ghe sake of themselves and the NHS!
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Crazy when you look at the statistics, between smoking and illness related to eating they make up a huge percentage of NHS care.

Basically if looked after ourselves the NHS would have significantly more money and there would be a very low waiting list for operations
 
PIPPI said:
I guess I can kiss goodbye to having a second child and moving house now

Housing market is crashing, we have only had one house viewing since our house went up for sale 6 weeks ago

Even if my house does sell I won't be able to afford a bigger mortgage on a larger house at this rate..........
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I know it may not be possible, but as your situation is not unique by any means are you able to borrow more/use savings to extend? Everybody in your situtation will be considering this soon and the prices will go northwards and that will be if you can even find a builder to do it (I have no idea, this ship may have already sailed).
 
Sadly I live next to a listed building so I am not allowed to extend

My next option is to sell my car which I own outright to pay off a £20k chunk if my mortgage and share my partner's car

I already cycle to work to save money
 
I think it's time for a pause at 5pc.
5pc is enough to seriously screw those who it's going to screw.
6pc is would be devastating. The people this is hitting will be shafted. Shafting those same people more is just detrimental.

All of us on long fixes for example will not be hurt.

The only reason to raise rates even more is to deliberately cause job losses. And cripple those not hit by rates. I also am aware this is part of the aim.
 
Thinking out loud here but rather than progressively keep rising, what if they were to go hardcore all in at say 8% now, for a short time period of say a month, with the aim of then coming back down to 5% quickly after? I'm not suggesting they do.
 
jaybee said:
Thinking out loud here but rather than progressively keep rising, what if they were to go hardcore all in at say 8% now, for a short time period of say a month, with the aim of then coming back down to 5% quickly after? I'm not suggesting they do.
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Think that's the opposite of what needs to be done myself.
Fix at this point for longer. Inflation takes a long time to feel the effects of rate rises
 
413x said:
Jesus!
I'd be browning my trousers with our mortgage at that rate!
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Don't worry, I only owe ~10k so it's not making that much difference. I just cba to get round to paying it off.

Plus I'm currently renting it out, on permission from the bank, as its on a personal mortgage.
 
Freakbro said:
Don't worry, I only owe ~10k so it's not making that much difference. I just cba to get round to paying it off.

Plus I'm currently renting it out, on permission from the bank, as its on a personal mortgage.
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Ah yeah I'd just carry on as you are too.
I keyed in 7pc for us.. About 600 a month extra!
 
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