Tuesday, December 9, 2014

1000’s could be underwater in their mortgages when rates rise

Bank of England warns thousands more households will struggle as rates rise

The Bank of England has estimated that a sudden rise in interest rates could make as many as 660,000 UK families 'vulnerable', but added that household debt levels were now below long-term averages.

Posted by hpwatcher @ 01:25 PM (2163 views)
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6 thoughts on “1000’s could be underwater in their mortgages when rates rise

  • It can’t happen before the election, and not for years if the Fed (Goldman & Co) have anything to do with it.

    Settle down with a nice mince pie. I’ve found the co-op “speciality” variety are excellent!

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  • It can’t happen before the election, and not for years if the Fed (Goldman & Co) have anything to do with it.

    Events dear boy, events.

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  • I hope I’m not being disrespectful, but….If IRs rise more than 0.25% before the election, I’ll meet you in London and buy you enough beers to make you legless 🙂

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  • I hope I’m not being disrespectful, but….If IRs rise more than 0.25% before the election, I’ll meet you in London and buy you enough beers to make you legless 🙂

    Hahahaha we shall see.

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  • On the contrary, I am expecting a 0.25% interest rate DECREASE before the eMay 2015 election. Didn’t you hear Osborne is a miracle worker? Oh, and the Bank always puts out disinformation, to keep the plebians guessing.

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