Tuesday, Sep 19, 2006

How obvious...

Morgagesforbusiness: Inflation to lead to rates hike

I'm just posting this for comedy value, it doesn't deserve to be thought of as a serious news article as it is so ridiculous:

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People with Buy to Let Mortgages are among a number of property owners who are concerned that a further interest rates increase would not help their investments, according to a survey by the Bank of England (BoE).

The Inflation Attitudes survey suggests that 51 per cent of investors with mortgages, including those with buy to let mortgages, believe that a cut in interest rates would benefit them, while 36 per cent of all respondents said a rise in interest rates would not be "best for them personally".
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If you want a more intelligent analysis of the BoE Inflation Attitude survey, try here:
http://today.reuters.co.uk/news/articlebusiness.aspx?type=businessNews&storyID=2006-09-18T105524Z_01_L18805322_RTRUKOC_0_UK-ECONOMY-BRITAIN-INFLATION.xml

Posted by little professor @ 11:17 AM (1814 views)
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2 Comments

1. Ukmortgagez said...

What's scary is that what did the other 49% think? A cut in the interest rate wouldn't benefit them?

Seems like a stupid survey..

Tuesday, September 19, 2006 01:11PM Report Comment
 

2. Music Man said...

No sh1t Sherlock.

Tuesday, September 19, 2006 04:20PM Report Comment
 

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