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gruffydd

Cut Unnecessary Spending Now!

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"Now would be a good time for borrowers to review their financial commitments. Cutting unnecessary spending."

I detect a distinct feeling of unease.............

Think the Council of Mortgage Lenders (CML) be proven to be wildy out with their 12,000 repo predictions for 2006 and 2007. I'll track this one!

http://www.whatmortgageonline.co.uk/news1/...p?unqueid=16195

As for -

"The number of mortgages in arrears of three to six months rose to 59,700 - up 3 per cent compared with the end of the first half of the year, and up 11 per cent on the end of 2004.

The number of six to 12-month arrears cases rose to 32,470 – 3 per cent higher than in the first half of the year, and 21 per cent higher than at the end of 2004.

The number of mortgages more than 12 months in arrears rose to 13,820 – 10 per cent higher than in the first half of the year, and 23 per cent higher than at the end of 2004." ermmmmmmmmmmm :blink::unsure::blink:

What are these people on?

Gruff

Edited by gruffydd

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"Cutting unnecessary spending."

Gruff

Do you think they class ridiculous mortgage repayments as "unnecessary spending" ;)

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The British economy is now caught in a deadly embrace.

Consumers need to stop spending and start saving, which means jobs will have to go.

But of course people losing their jobs aren't going to be saving very much.

This country is now in very severe financial trouble.

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This reveals the CML to be the spokesmen for sheer parasites sucking the blood out of the wider economy.

Hmm, so people should take on huge mortgages and cut back on everything else?

Wouldn't it be better is housing was cheap and people could spread their money across a wide range of different things beyond simply buying and selling houses at evermore cripplings prices?

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Wouldn't it be better is housing was cheap and people could spread their money across a wide range of different things beyond simply buying and selling houses at evermore cripplings prices?

Not for mortgage lenders :).

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  • 335 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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