Jump to content
House Price Crash Forum
Sign in to follow this  
The Masked Tulip

Three-Quarters Of Homebuyers Fear Interest Rate Hike That Could 'push Them Over The Edge'

Recommended Posts

Three quarters of home buyers are concerned about mortgage rates, fearing it would take only a small hike to send them over the edge, a new report shows.

The research by consumer watchdog Which? shows one in seven cash-strapped buyers are already struggling to make their repayments.

But despite their problems only a third of people affected are approaching their lenders for help.

Options available to those with difficulties include moving from a repayment to interest-only mortgage, taking a payment holiday or allowing them to switch to a different deal.

Read more: http://www.dailymail.co.uk/news/article-2024429/Three-quarters-homebuyers-fear-rate-hike-push-edge.html#ixzz1UcSsADkc

Share this post


Link to post
Share on other sites

It's shame they won't be rising anytime soon.

I suspect the banks and building societies will continue to raise their mortgage interest rates, interest on savings accounts however, are unlikely to rise.

Share this post


Link to post
Share on other sites

I suspect the banks and building societies will continue to raise their mortgage interest rates, interest on savings accounts however, are unlikely to rise.

What do you mean continue? They are still dropping.

Share this post


Link to post
Share on other sites

It's so funny to think that a fair portion of these debt slaves will have you believe the only scroungers you'll see are down the dole office or on telly stoving in a foot locker window. These so called "home owners" should be made to sit on street corners at weekends with plackards round their necks saying "Taxes for next months mortgage please".

The kids on the telly were perhaps too lazy to study enough to get wgaes. That's their penalty. What penalty are these "home owners" paying for being too lazy / arrogant to make the biggest investment of their lives w/o a little study beforehand?

Clearly none. Savers have to pay for them. But nevermind. Good ol Charle Bean told us we could make up for the shortfall by putting money in the stockmarket. So how's that working out for all you savers?

Edited by Sledgehead

Share this post


Link to post
Share on other sites

What do you mean continue? They are still dropping.

no, only as advertised. Large deposits and top credit criteria are taking the place of whats on the headlines.

Share this post


Link to post
Share on other sites

It's so funny to think that a fair portion of these debt slaves will have you believe the only scroungers you'll see are down the dole office or on telly stoving in a foot locker window. These so called "home owners" should be made to sit on street corners at weekends with plackards round their necks saying "Taxes for next months mortgage please".

The kids on the telly were perhaps too lazy to study enough to get wgaes. That's their penalty. What penalty are these "home owners" paying for being too lazy / arrogant to make the biggest investment of their lives w/o a little study beforehand?

Clearly none. Savers have to pay for them. But nevermind. Good ol Charle Bean told us we could make up for the shortfall by putting money in the stockmarket. So how's that working out for all you savers?

+1

Share this post


Link to post
Share on other sites

no, only as advertised. Large deposits and top credit criteria are taking the place of whats on the headlines.

And so it should be. Small deposits and poor credit shouldn't be getting mortgages anyway.

Share this post


Link to post
Share on other sites

What do you mean continue? They are still dropping.

no, only as advertised. Large deposits and top credit criteria are taking the place of whats on the headlines.

+1 to Bloo Loo's comment.

In addition, I understand some unfortunates, whose teaser rates have expired, may be facing difficulty in remortgaging and are being stiffed by rising SVR's.

Share this post


Link to post
Share on other sites

+1 to Bloo Loo's comment.

In addition, I understand some unfortunates, whose teaser rates have expired, may be facing difficulty in remortgaging and are being stiffed by rising SVR's.

Also falling property prices make for higher loan to value = higher interest rates.

More BTLers on residential rates, being switched to BTL mortgages = higher interest rates. ;)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 338 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.