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Ologhai Jones

B O E Has Room To Raise Interest Rates

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True.

HTB mortgage rate is coming out at about 5%-6%

Assuming the spread over base rates stays under 3% then they can go to 3% to 4%.

The BoE are making a problem with low rates - banks cost of funding is way above the current base rate.

All banks with BoE trackers with a spread of less then 3% have a problem.

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The Bank of England could raise interest rates a "fair amount" without hurting homeowners taking up the government's Help to Buy scheme, according to one of its policymakers.

That's 100% definite.

The mortgage owners will be *****ed though.

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All banks with BoE trackers with a spread of less then 3% have a problem.

Yet HSBC are still offering lifetime trackers for base +1.89% (no fees)

I don't know why they do it, maybe it's to get people hooked and then make a fortune when base rates go up.

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Yet HSBC are still offering lifetime trackers for base +1.89% (no fees)

I don't know why they do it, maybe it's to get people hooked and then make a fortune when base rates go up.

Playing the same game as the banks did/do with zero percent credit cards - although offset somewhat by retailer charges.

Well they though it would work last time, except when it came to the crunch at lot of what they issued was unserviceable, then they were bailed out.

Seeing how the banks have saved and rewarded for failure I wonder how many this time around have set about taking them to the cleaners - borrowing as much as they can from all sources ready to throw it back.

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