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Realistbear

Recent I R Hike Has Not Affected The Sheeple's Buying Plans

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http://www.themovechannel.com/News/2006/September/5a.asp

05 September 2006

Britain’s homebuyers appear to have taken the MPC’s decision to raise interest rates by a quarter percent
in their stride,
according to Your Move Estate Agents’ up-to-date housing market activity data.

http://www.themovechannel.com/News/2006/September/6a.asp

06 September 2006

Consumer
confidence has fallen dramatically
after the Bank of England raised interest rates, a survey by mortgage lender Nationwide showed today.

:blink:

Baaa baah baaaah baaa BUH?

Edited by Realistbear

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They probably just realised the BoE are meeting this week, so quickly changed their tune!

Same old crap from the VI's trying to influence the BoE to hold or reduce rates.

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Britain’s homebuyers appear to have taken the MPC’s decision to raise interest rates by a quarter percent in their stride, according to Your Move Estate Agents’ up-to-date housing market activity data.

I suspect this is because those who are most vulnerable to rate rises, (ie, overstretched first-time buyers who bought at the top by borrowing silly multiples on interest only), are still on their three year introductory discounts or fixed rates. The crunch will arrive when these deals run out and they're suddenly faced with a higher base rate than there was when they took out their mortgage... that and a total absence of the wage inflation that they were banking on just to be able to cope with the SVR that they knew their mortgage would revert to after their introductory deal came to an end.

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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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