Wednesday, May 9, 2007

a rise of 0.5% would spell doom – D.O.O.M.

One in seven could struggle with mortgage payments if interest rates increase by 0.25 per cent tomorrow

More than one in seven could struggle if the Bank of England decides to increase interest rates by 0.25 per cent tomorrow, new* research from online mortgage company shows. Around 6.5 million people - or 14 per cent - say they will struggle with monthly payments...And the numbers feeling the pain with their mortgage will rise to nearly one in five if rates rise by 0.5 per cent from the current 5.25 per cent to 5.75 per cent, the research says.

Posted by converted lurker @ 12:09 PM (437 views)
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5 thoughts on “a rise of 0.5% would spell doom – D.O.O.M.

  • Sorry folks, I know this is off topic but I would be very grateful to anyone who would like to donate to this very worthwhile cause. Even a few pennies will make all the difference.

    Thanks and here’s to the worlds most important commodity!

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  • doh!

    Here’s the link

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  • Oh and another thing. Anybody calling .5% on Thursday is way off the mark. The MPC stated that it would keep the city better informed only a couple of weeks ago. I know saying and doing are completely different things, but my call is a definate .25%

    Waste of bloody time though. HPI will keep spiralling upwards until summer 2008.

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  • MMMMMMMM better off going to the National Lottery… If it isn’t all being used up to pay for the proeprty speculation at present in the East End (AKA the Olympics).

    I think you owe me that £50.00 as a consultancy fee….

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