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crash 2005

Homes Go In Struggle Over Mortgage Cash

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click the following:

http://www.prestontoday.net/ViewArticle2.a...ticleid=1102791

the Conservative party believes the statistics are evidence that the Government's economic policy is failing.

A shadow Treasury spokesman said: "More and more people are struggling to pay their bill in Blair's Britain."

but here's the best bit

But interest rates and unemployment are low, so we are not facing another financial crash."

Hello... if this is happening with historically low interest rates, then what do you think is going to happen when rates rise later this year and unemployment increases as it has been for the last several consecutive months,

crash 2005 - it is happening now!!

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Low rates have been misused to danger point

Borrowing should be based on the affordabilty rate at long term average IR's

3.5-4x Salary is about right,

Banks should have thought about long term more after all 25 years is a long term,

Low interest rates should been seen a mortgage holiday, pay less for while it lasts. that money will be pumped back into economy hopefully keeping it low, but not a reason to borrow as much as you can.

IR will sooner or later creep up again and then.........

Crash!

trouble is looks like banks are only interested in short term profit. I bet their profits are looking slim now that bad debts are up, and IR's have hardly moved yet

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click the following:

http://www.prestontoday.net/ViewArticle2.a...ticleid=1102791

but here's the best bit

Hello... if this is happening with historically low interest rates, then what do you think is going to happen when rates rise later this year and unemployment increases as it has been for the last several consecutive  months,

crash 2005 - it is happening now!!

What about all the 2 year fixed term mortgages that have just ended 31 July 2005.

Somehow I don't think they'll get a rate anywhere near what they got 2 years ago.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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