Tuesday, Mar 16, 2010
Exposure of UK mortgages to increase in interest rates
Ftalphaville: Interest Rate Shock
In a report published on Monday the rating agency (Moody's) discusses interest rate shock for a select few European economies — the UK, Spain and Holland to be specific.
The UK features the most prominently in our Interest Rate Shock Map due to the combined impact of the potential number of borrowers affected and the associated size of such a rate shock
Posted by katalan1 @ 11:15 AM (411 views) Add Comment
3 Comments
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1. mr g said...
You can't blame the baby boomers for the stupidity of people maxing out on their credit cards.
2. landofconfusion said...
"You can't blame the baby boomers for the stupidity of people maxing out on their credit cards."
But wasn't there a report recently about the record number of retirees going bankrupt?
Oh yes:
"The number of pensioners going bankrupt has more than doubled in the past five years as they take out loans they cannot handle."
Source:
http://www.dailymail.co.uk/news/article-484869/Number-bankrupt-pensioners-doubles-debt-crisis-deepens.html
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