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bubbleturbo

Why Uk Interest Rates Will Rise

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http://www.moneyweek.com/file/13114/why-uk...-will-rise.html

The markets now expect the next move in UK rates to be up. In short, as the boom in asset and commodity prices continues, it is difficult to see the tide of personal insolvencies and corporate liquidations ebbing.
For more humble households, there are serious strains on their domestic finances. In the first quarter of this year an all-time high of 23,351 people sought individual insolvency through the courts, a 73.4% increase on the corresponding period last year and 12.9% higher than the previous three months. Individual Voluntary Arrangements (IVAs) accounted for two-thirds of insolvencies, the rest were bankruptcies.
Edited by BubbleTurbo

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As this 'minority' grows over the coming years it will be interesting to see what new financial services spawn up to capture the market

IIRC one of the BS/banks has recently launched a mortgage aimed at people who have had financial problems

Edited by dnd

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IIRC one of the BS/banks has recently launched a mortgage aimed at people who have had financial problems

Really, how does it work? Do you pay a massive interest rate to cover the chance of defaulting? Or do you just get regular interest rates and have the people that will actually repay their debt sub you by paying over the odds themselves?

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Really, how does it work? Do you pay a massive interest rate to cover the chance of defaulting? Or do you just get regular interest rates and have the people that will actually repay their debt sub you by paying over the odds themselves?

I'd imagine the 'responsible' customers (read: suckers) pay for defaulters

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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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