Wednesday, Mar 14, 2007
FTBs worried about IRs look for fixed rate deals
Guardian: First-time buyers snap up fixed rate deals
85% of first time buyers chose a fixed rate deal in January, the Council of Money Lenders has revealed. Spooked by recent rises in IR rises, borrowers concerned about the prospect of future rises are looking for fixed rate deals so they can plan ahead.
Posted by jellycaster @ 10:23 AM (194 views) Add Comment
3 Comments
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1. waitingfor hpc said...
what FTB's??? where?
i have been trying to find one for ages!
2. Sam said...
yeah, makes sense. but will they be saving for the crunch time when they come off those rates and are paying 2% higher rates?
3. dohousescrashinthewoods said...
FTBs: that'll be all the divorcees, plus "hordes of illegal immigrants earning more on benefits than hard working white families" (sic: paraphrasing the Daily Mail) and probably everyone else buying a house without selling one, presumably including Russian oil-barron-money-laundering-mafia and Middle-Eastern uber-rich earning a tax-free fortune in Dubai (aka about 60% more than Brits on the same salary) as well as tax-haven refugees who disagree with Mr Brown about the majority stake he wants to claim on their incomes.