Soldato
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Never? Or maybe 2026.
Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Never? Or maybe 2026.
Soldato
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- 4 Aug 2007
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- Wilds of suffolk
The raws already have come down post COVID, but most of the falls are being masked by other costs going up now.
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Media play king makers in this country. Starmers bended the knee so what youre currently seeing in the press is a changing of the guard, a change you wouldnt see if the opposition leader wasnt a continuity player. I don't think the media are calling for a revolution, they've just stop protecting this sitting duck government.Just as an aside - I wonder how close posters sentiment in this thread compares to the actual population.
If posts here + dailymaily + BBC comments were representative of the wider population surely we'd have had an uprising and civil war by now, and all the posh rich people would have been eaten...
You mean finance, all the UK is known for now is finance. That's it.
Soldato
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not sure this is true but if it is that is on us (as a country not individually). we used to punch hugely above our weight but "small man syndrome " imo as well as ineptitude and corruption has put us where we are.
Permabanned
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well my daughters just moved out of her rented house .. landlord wanted an extra £200 a month moved in with her boyfriend .. that would have took it to £850 in blackpool .. small 3 bed .. crazy .. bout time they have been seeing each other 2 yrs but she's highly independent .. he pays £450 a month on his mortgage ..
Soldato
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sounds like a good fair bloke. keep his details and more importantly reccomend him. when you find the good eggs who don't take the p... it's important they get the reccomendation.
after 2 lame ducks (we had an appalling extension and conservatory) we finally found a good builder...... he has since done 3 jobs for us in total and I think has gotten 3 major jobs from my mates. same story with our kitchen and bathroom fitter.
(our reroof -,3 bed semi) cost 5k but that was with marley tile not slate )
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Caporegime
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- 1 Dec 2010
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Panic over, Rishi’s just said all we have to do is hold our nerve, stick to the plan and we’ll get all get through it.
I‘m just trying to work out how holding my nerve will help pay for our spiralling mortgage costs. Any ideas?
I‘m just trying to work out how holding my nerve will help pay for our spiralling mortgage costs. Any ideas?
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Soldato
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- 22 Dec 2006
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He won't tell you for how long A billionaire completely detached from reality
Rumour has it Asda instant noodles are inflation resistance.
You need to hold it harder..
I know what you mean though, i had to escape a long term job last year and took a slight pay cut to be where i am now. (I know, terrible timing..
) Its a great place to work and a great team but if i don't get a pay rise soon i may have to move on as we've already trimmed everything we can from our budgeting.
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Fishi Rishi's the one with some nerve telling the public to do that.
For the last 5 years we've sacrificed quite a bit and targeted the mortgage throwing an extra £1k at it every month on top of the regular payments. We've gone without holidays and "nice things" etc but It's down under £30k now and so we are somewhat shielded from this fiasco. I feel for all those about to get hammered by this on the back of everything else.
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I just hate the absurd contradictions of our economic system.
If you are poor or struggling, you are told you aren't applying yourself and you should try harder to earn more and be successful.
Then in the same breath, wanting higher wages and more money is the opposite of what you should be doing "B3cause 0f InFlatI0nz!!!".
The whole system is complete clown show.
If you are poor or struggling, you are told you aren't applying yourself and you should try harder to earn more and be successful.
Then in the same breath, wanting higher wages and more money is the opposite of what you should be doing "B3cause 0f InFlatI0nz!!!".
The whole system is complete clown show.
Permabanned
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- by the tower the one up north ..
it's the system they built to keep you down .. it does work for them .. sadly not for us
I think some of it depends on what rate you took the mortgage on at and how much that strained you. Sadly there'll be those who spent right to their limit and had an interest rate sub 1%. These are the people that will have the huge hikes.
Myself, I still have £146k mortgage and recently re-mortgaged. My interest rate climbed from 2% up to 4.39% on one mortgage and my small 2nd mortgage was running at 2.6% I think. Nationwide let me combine to pay just one payment at 4.39%. Overall my monthly payment has risen only £112. So I can only assume some have huge mortgages and are jumping from sub 1% to up over 5% maybe? or they're stuck not being able to negotiate a fixed and having to go onto SVR which is up around 8% I think with Nationwide now.
I too have been overpaying however not to the extent you have. Managed to knock 1 year off of term time so far. 17 years left now....ugh.
Still, knocking away with overpayments helps but with the rising costs it can seem pointless. Everything else is rising apart from people wages.
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You're not allowed to earn more peasant. You have to make the banks richer instead
I wanna see Rishi at a roulette table putting all his money on red whilst the peasants chant hold your nerve, even better Russian roulette.
Only way he's going to know what it feels like for everyone with a mortgage whos in real danger of losing their home and everything they wasted their life working for.
in a few days he will probably be handing another few billion to his pal zelensky, he should get the same advice "hold your nerve"
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