Thursday, August 3, 2006

Interest rate rises, you can’t please everyone all the time..

Yourmove and Assetz comment on interest rate rises

Assetz and Yourmove give very quick responses to the interest rate rise, these companies could be considered, by the cynical bunch on HPC, to have vested interests....

Posted by converted lurker @ 12:55 PM (489 views)
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12 thoughts on “Interest rate rises, you can’t please everyone all the time..

  • Favourite quotes “The 0.25% increase will put some potential buyers off making their purchasing decision” from Yourmove and “we expect the next move to be down in due course” from Assetz.

    Both of those companies are shaking their heads in disbelief that the party is coming to an end.

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  • Call me stupid but only a few days ago didn’t the Property Con Professionals (Sorry Estate Agents) and the “Daily Express Realtor” saying that property prices would increase forever no problems so what is so worrying about a tame little .25%. Maybe they are worried after all.

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  • Hard Cheese says:

    Bring it on, it is still to little and too late, how on earth can these muppets, sorry so called proffesionals expect house prices to keep going up and up? It is hard enough having our adult children living at home, our only saviour is that at last the BOE have come to there senses at long last.
    We have a forgotton generation out there who, for know fault of there own cannot purchase a property to live or raise a family. We also expect them to pay for our pensions later on in life.

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  • Hard Cheese says:

    Bring it on, it is still to little and too late, how on earth can these muppets, sorry so called proffesionals expect house prices to keep going up and up? It is hard enough having our adult children living at home, our only saviour is that at last the BOE have come to there senses at long last.
    We have a forgotton generation out there who, for know fault of there own cannot purchase a property to live or raise a family. We also expect them to pay for our pensions later on in life.

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  • Agree with all the comments here, they bleet on about how rock solid house prices are yet why are they so worried about a little interest rate raise?

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  • The Bald Man says:

    The comments of these “experts” follow no logic and change as it suits them to spin the situation to their advantage.

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  • waitingfor hpc says:

    early days yet. But the tide is turning. Lets hope that the inflation figures befin to show the true course of events.

    A little question for you guys, for years diesel has always been about 3p dearer than petrol….. how come now both petrol & diesel are 99.9p / litre at the pumps. The fuel companies have no heart so what has changed?

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  • Petrol and Diesal are at 99.9 pat many places as old equipment wont go any higher, A friend who does checks on that equipment told me. Soon when the norm is over £1 a litre at the newer big stations whos kit will go over 99.9 everyone will be flocking to the smaller stations with old equipment to get cheaper fuel!!

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  • Assetz : “net household creation continues at such a pace compared to housebuilding new-starts”.

    Perhaps they should ask why net household creation is so high? Could this be because of the increased divorces – caused by financial problems – caused by bad debt – caused by High House Prices ???

    Next time they sell an over-priced cupboard to a love-struck couple – perhaps they should share some of the blame when the couple get divorced in three years time when baby arrives and they can’t afford the 8.6 times average wage mortgage. If I were the love-struck couple I’d sue the lying ba#@ds. I remember in 1988 being told by the Halifax that “oh no interest rates never move up very quickly”, after I asked “are interest rates going to go much over 9%?” a couple of years later I was paying out 15% for the 40 year endowment mortgage.

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  • From what I understand Diesal is actually cheaper than Petrol they just decided to put more duty on Diesal to encourage people to use petrol…Can anyone confirm?

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  • I think the reason Diesel is more expensive is because of supply shortage – yes it cost’s less to produce and tax etc but everybody (including myself) moved over to Diesel cars so now the refineries cannot produce enough of it – hence the higher price – Typical

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  • Retiredbanker says:

    Diesel does cost more to refine than petrol (particularly the low-sulphur diesel now compulsory in Europe).

    This is not as surprising as it seems, because diesel has a higher energy content than petrol, hence the better mpg.

    Diesel 176,000 Btu/ Imp.gallon.
    Petrol 150,000 Btu/ Imp.gallon.

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