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Billy Ray Valentine

56% Of 'homeowners' Unprepared For Rate Rises

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http://www.ftadviser.com/2014/10/02/mortgages/mortgage-data/mas-of-mortgage-holders-unprepared-for-rate-rise-gfNHKXIpvBrL6AnZ09RMII/article.html

In a few years I imagine this percentage will increase a fair bit.

The Mas research revealed that 69 per cent of mortgage holders were financially stretched when they took out their mortgage, rising to 77 per cent for those under 35 years old. In addition, 13 per cent admitted they are currently living beyond their means.

Edited by Durch

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I guess when that proposition is supported by any real threat of action.

Neither is the other.

55% who have bet and lost about to get angry....might as well write the headline about Ladbrokes customers.

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I guess when that proposition is supported by any real threat of action.

Given that the banks don't actually need any savers at all to magic up more debt, I doubt we have much power.

In fact my bank just wrote to me saying - you're not getting much interest with us, how's about moving on - here are some comparison sites, and you might like TSB...

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The biggest debtor of them all the govt is ill prepared for rate increases and is living way beyond its means.

There won't be any rate rises, period until circumstances force it.

Cheap money is here and it's here to stay.

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The biggest debtor of them all the govt is ill prepared for rate increases and is living way beyond its means.

There won't be any rate rises, period until circumstances force it.

Cheap money is here and it's here to stay.

It is not cheap money if what you buy with it today will cost less tomorrow. ;)

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