Monday, May 07, 2007
Mortgage misery as rate rises bite
Sunday Observer: News Article
Maybe its because I'm a Londoner, that I love £2.1k extra mortgage payments, Blur the failed Barrister, the Gulper and his clear lack of understanding of Keynes and Fiscal drag (including inflation)... tooooooo,
Maybe its because I'm a Londoner ... that I love £400.00 per month congestion charges for my small business, parking at £4.00 per hour in Chelsea that my clients wont pay, tooooooooo,
Maybe its because I'm a Londoner ... that I love paying £9bn (probably soon to be £13bn) for property speculation in the East End (aka the Olympics) ... tooooo,
Maybe its because I'm a Londoner, that I love standing on the tube from Tooting to Old Street for 45 minutes (from 7.20am) ... tooooooo
+ when those 2m fixed rate mortgages have to be refinanced?
LOL as the internettys say!
1 Comment
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1. Cheekie Charlie said...
'If you are in financial difficulty and you want to try to sell your house instead of it being repossessed how do you afford to pay for a Hip?'
There's been alot of talk how these HIPs will effect the market, one possible side effect is there may be more repossessions if people can't even afford to put there house on the market! Although I've noticed a few more property's coming onto the market in the Leeds area to presumably escape the HIP(money for old rope) charge they still seem to be shifting at silly prices. Lets wait until Thursday to see if the trickle develops to a flow!