Wednesday, February 26, 2014

Forget about the future, just buy UK property at an all time high

Borrowers warned of £600 'drastic scenario' mortgage repayments rise in 2015

Home owners could see their mortgage payments rise by £252 a year on average by the end of next year if interest rates start rising at a moderate pace, a report forecasts. It also forecast that a "drastic scenario" of Bank Rate at 1.75pc by the end of 2015, which it deemed feasible, would push up typical annual repayments by £576, or by £48 a month.

Posted by hpwatcher @ 01:22 PM (2064 views)
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11 thoughts on “Forget about the future, just buy UK property at an all time high

  • Who cares? Just borrow to the max and fill your boots…

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  • Has the world gone truly mad or what? If these people seriously couldn’t find 48 quid a month then what business do they have buying a house FFS. God I wish these people had been around when IR’s were 15%. I honestly hope there is another crisis of some sort and rates rise to 8%. I’m past giving a toss what the repercussions are – it needs to happen to make these idiots realise just what a waste of fresh air they are.

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  • All that matters now is that debt is created. Lots and lots and lots of it. Then a big bust to clean the system.

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  • @hpwatcher – Cameron is doing his bit for the debt expansion, he is worse than Brown but then he would have to be as is the exponential nature of the pyramid scheme.

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  • @hpwatcher – Cameron is doing his bit for the debt expansion, he is worse than Brown but then he would have to be as is the exponential nature of the pyramid scheme.

    He is, for completely selfish ends. UK debt now increasing massively, wages stagnant.

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  • The cretins are even on the One Show now. In a report about house prices, the reporter said “Good news for everybody, mortgage approvals are up”. What a moron – seriously, why do they have people reporting on things they clearly don’t understand. I don’t pay a TV licence for this sh1t.

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  • Somebody last week said that the ‘One Show’ was Blue Peter for adults, couldn’t agree more. Suggest you stop watching the TV till after 10PM, have stopped listening to the Radio in the car for exactly the same reasons, especially commercial radio where the adverts are so geared to morons you just end up cussing all the time.

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  • Debt, debt, debt.

    Just make sure you don’t get sucked into this calamity…

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  • Agree with Timmy T, what a moron making comments like mortgage approvals are up, they tell people all this rubbish to keep them stupid, remember we are the minority who are informed.

    Enuii agree stopped watching TV after 10pm and before 10pm and haven’t listened to the radio in the car for about 8 years, people find it strange that I don’t know the latest TV show or sickness epidemic that is sweeping the nation that just dissappears and nobody actually sees

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  • drastic is only 1.75%

    OMG WOW remember when rates where 6%

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