Monday, December 8, 2014

BoE Warning not to turn a blind eye to Interest Rates

Bank of England: half a million housebuyers face mortgage arrears

The Bank stressed the proportion of borrowers having trouble paying their home loans should remain well below the levels of the early 1990s – when Britain suffered its worst postwar property crash – provided incomes rose alongside interest rates. ..... The debt-to-income ratio held steady at about 80% during the 1990s, rose steadily in the 2000s to peak at just over 130% and has since dropped to just over 110%.

Posted by mountain goat @ 11:06 AM (2127 views)
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4 thoughts on “BoE Warning not to turn a blind eye to Interest Rates

  • Again, makes the assumption that rates are going to rise, despite inflation plunging due to STRUCTURAL issues that I have posted about infinitum.

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  • How on earth have renters coped? Their bills have gone up every year.

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  • Beds in sheds are a big issue in London and the home counties.

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  • Interest rates won’t rise substantially unless we hit a global reset, triggered by debt defaults.

    The 1% are keeping their funds on islands far away from tax collectors. They are ready to pounce once things go wrong and they can pick up good assets for pennies on the dollar.

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