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So will it rise at lunchtime what you think?

£0.00 @
rate rise?hold? Read More
archer1204 Avatar
6y, 4m agoPosted 6 years, 4 months ago
rate rise?hold?
archer1204 Avatar
6y, 4m agoPosted 6 years, 4 months ago
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#1
Afternoon delight??
1 Like #2
oO well it rose this morning and i held
#3
Depends who else is in the office at the time ;)
banned#4
up 0.25 I reckon
#5
up to 10 would be nice
#6
splatsplatsplat
up to 10 would be nice

mine was at 12 ( o'clock )
#7
No doubt the media will try and make the worst out of it if it does go up........

I believe the media are a big reason for all the doom and gloom with their headlines being every bad thing they can think of and they never mention anything else
#8
The media pretty much make the country what it is in some way

Alot of hatred towards things is often fueled by untruthful media reports. Daily Mail for example. Some people just read a headline and then don't read a full story
#9
Surprisingly no.
#10
yay! has kept my mortgage low :)
#11
caz1cool
yay! has kept my mortgage low :)

for one month at least, enjoy it while you can!!!
#12
luckily ive had a good run with very, very low mortgage payments, just happened to go on a tracker a month before the rates dropped. Its been great but i know we're coming to the end of it now, even so my payments will still be low for a good while yet :)
banned 2 Likes #13
Hopefully people are preparing for a future rise and not **** that extra money up the wall.

Once the rates do go up I sense lots of crying in misc.

I'll get my violin ready.
1 Like #14
I'm more than prepared for the future rises but it's quite nice that it will last a little longer, I certainly will not be crying in misc
banned#15
bykergrove
Hopefully people are preparing for a future rise and not **** that extra money up the wall.Once the rates do go up I sense lots of crying in misc.I'll get my violin ready.

It could meaning people losing their homes, it's hardly getting fleeced on eBay for a fiver.
#16
Tesco made nearly £200million from selling 7year bonds @ 5.2%

They are gambling that in 4/5/6 years rates will be well and above 5% so they can they can pocket the difference.

The question you should be asking, if one of the biggest companies in the UK believes this then why isn't everyone, with a mortgagage scrambling to make as many advance payments as humanly possible?
We're addicted to consumerism instead of being responsible to ourselves and our families

Rate holding today is no surprised, you wait until Q3/Q4 though.

All those with loans on equity sill suffer.

TV showed someone on south coast with over 100 properties all chain together in a mortgage.
When the rate properly goes up he won't be able to afford, a huge domino effect will happen and he's screwed.

I couldn't care less about him, just hope he had proper insurance so the tenants don't become all homeless, but then they should of checked the insurance details upon moving in.

I can see a second mini crash coming when rates return to normal because of people like him and just people generally overstretched on their mortgage, lifestyle etc.

It seem people are incapable of saving in this country and living within their means.
#17
master_chief
bykergrove
Hopefully people are preparing for a future rise and not **** that extra money up the wall.Once the rates do go up I sense lots of crying in misc.I'll get my violin ready.


It could meaning people losing their homes, it's hardly getting fleeced on eBay for a fiver.


+,1
i say again, sod that holiday, big tv etc, make an advance payment on your mortgage already.
#18
I have no idea what everyone is talking about
#19
Were trying to sell our house but the market is just not there as first time buyers are putting off to see what the rates do.
#20
schizoboy
Tesco made nearly £200million from selling 7year bonds @ 5.2%They are gambling that in 4/5/6 years rates will be well and above 5% so they can they can pocket the difference.The question you should be asking, if one of the biggest companies in the UK believes this then why isn't everyone, with a mortgagage scrambling to make as many advance payments as humanly possible?We're addicted to consumerism instead of being responsible to ourselves and our familiesRate holding today is no surprised, you wait until Q3/Q4 though.All those with loans on equity sill suffer.TV showed someone on south coast with over 100 properties all chain together in a mortgage.When the rate properly goes up he won't be able to afford, a huge domino effect will happen and he's screwed.I couldn't care less about him, just hope he had proper insurance so the tenants don't become all homeless, but then they should of checked the insurance details upon moving in.I can see a second mini crash coming when rates return to normal because of people like him and just people generally overstretched on their mortgage, lifestyle etc.It seem people are incapable of saving in this country and living within their means.

So don't you think they should be punished for it then? I live within my means so why can't everyone else? Oh I forgot its because we have a culture of keeping up with Jones' and people just general wanting to live like celebs on a scrimp of an income
#21
autolesbona
schizoboy
Tesco made nearly £200million from selling 7year bonds @ 5.2%They are gambling that in 4/5/6 years rates will be well and above 5% so they can they can pocket the difference.The question you should be asking, if one of the biggest companies in the UK believes this then why isn't everyone, with a mortgagage scrambling to make as many advance payments as humanly possible?We're addicted to consumerism instead of being responsible to ourselves and our familiesRate holding today is no surprised, you wait until Q3/Q4 though.All those with loans on equity sill suffer.TV showed someone on south coast with over 100 properties all chain together in a mortgage.When the rate properly goes up he won't be able to afford, a huge domino effect will happen and he's screwed.I couldn't care less about him, just hope he had proper insurance so the tenants don't become all homeless, but then they should of checked the insurance details upon moving in.I can see a second mini crash coming when rates return to normal because of people like him and just people generally overstretched on their mortgage, lifestyle etc.It seem people are incapable of saving in this country and living within their means.


So don't you think they should be punished for it then? I live within my means so why can't everyone else? Oh I forgot its because we have a culture of keeping up with Jones' and people just general wanting to live like celebs on a scrimp of an income


Bingo.

Too many people want to boast, nitpick on what they just brought, hoping for shallow empty kudos till fill the void their own insecurity has helped create.

Why make major advance payments on your mortgage when you can upgrade your car and guzzle the most expensive fuel in Britain for decades.

Why make major advance payments on your mortgage when you can take that nice holiday, topup that tan, talk about it as if it's the greatest thing since sliced bread in hope of making friends jealous or just to use an an excuse to talk about yourself.

Why make major advance payments on your mortgage when you can buy a TV too big for your living room?

Why make major advance payments on your mortgage
When you can spend stupid amounts on money on clothes

etc etc.

The punishment will be all those losing their homes
The result will be a REAL PEOPERTY MARKET CORRECTION, which has not occurred yet.

So with loads unable to afford their mortgage, the REAL homeowners step in, the banks right now are sitting on a time timbomb of property portfolio's, knowing within 5 years, just as Tesco knows they will cash in on all those mortgages that will implode
Those who are very liquid will buy up property the banks will sell up knowing full well how bad the housing crisis is in the UK so they'll sell eventually or come to deals with housing developments, letting agencies etc.

So all those who wanted those cars and holidays and shopping sprees they couldn't really afford as they were selfish and didn't pay off that mortgage knowing full well what is on the horizon will become homeless or lose alot of equity so becoming paper poor.

How many of those will go on benefits?
The Benefit culture is become worse
How many of those will just take what they canand emigrate?
All to the detriment of Britain.
and on and on it goes.
All completely and utterly separate to the credit crunch. imo as frankly it was inevitable given the huge boom of the noughties not to mention by NOT making advance payments you were saying I'll leave that until tomorrow, how is that not as bad as the bankers???
It is imo.

I'm not saying I'm perfect but our family have been making as many advance payments as possible knowing full well being in debt at this time is probably extremely stupid.

So the real market correction, the rate going up hurting alot of selfish & greedy mortgagers

All those with a nice low mortgage rate, how many made advance payments to stave off interest on their mortgage?
Not enough.
noooooooooooooooooooo Greed settled right in and the bankers knew it and they rubbed their hands knowing all that lovely property will be theirs.

Banking shares should have a nice boom in the years before the 2020's given they become the real property holders. instead of the delayed ones they are now.

I find the ignorance and self delusional of people i know and everyone else amazing to be honest all unwilling to lower their lifestyle standard to be prudent to be safe, to be cautious.

No you are right, they'll be punished, expect sympathy from others thenexpect hand outs, and not care what the cost is to future generations.
The punishment however won't just hurt them. there will be collateral damage.
banned#22
Holy ****. sounds like a movie.

I agree though there will probably be another crash in the housing market. It's funny that people still think their houses will never fall in value and then wonder why they don't sell.

When push comes to shove and they are forced to sell I guess they'll wish they had got rid when they could.

It's a sad state of affairs but I really hope people prepare for rate rises or our economy is going to nose dive once again.

Oh and don't forget that china is investing massively in uk real estate.

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