Tuesday, December 9, 2014

Final warning for an interest rate BOOM!

Higher interest rates are coming – it’s time to fix your mortgage

House prices (at least in London) seem to have hit a turning point. In spring, prices went wild as buyers lost their heads. In the summer, the market slowed down as new rules hit lending. Now prices are starting to fall. This is long overdue. London prices need to drop by at least 15-20% before they are approaching being affordable.

Posted by khards @ 10:39 AM (1769 views)
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5 thoughts on “Final warning for an interest rate BOOM!

  • The Moneyweek article is ridiculous. On one hand they argue that the Bank of England has created a housing boom with low interest rates and then they go on to say that when they raise interest rates that will pop the bubble! Why would they pop their own bubble? This isn’t explained. If the 15-20% reduction in London house prices (which they also mention) comes about then surely they will reverse course and cut interest rates?

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  • This is a sales pitch and PR release, because more and more people are realising that hype of rate rises are a scam, a smokescreen and a mortgage mis-selling scandal on a national scale, with the BOE as chief CRIMINAL instigator.

    There will be law-suits once those mis-sold to sue those who said that interest rates can only go up. No reputable financial advisor would give such “advice”. Truth is, they are sales people who want to lock you in.

    There will come a time, possibly sooner than I think to lock in on a long fix, but now is not that time.

    Rates will rise only when wages start to seriously inflate, at which point higher rates will not be harmful to house prices.

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  • @libby

    one word for you…deluded

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  • Higher rates follow confidence, not the other way around. Remember that the rate reduction in 2008 co-incided with a house price crash, all proceeded by collapsed confidence in the financial system due to the banking crisis and a breakdown of trust in the financial system. Yes, those lower rates set the seed for the subsequent boom, but it took a long period for confidence to return.

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  • Libertas, with respect is there any chance you could save your energy for your big new house, and piss off from HPC blog. Your bombardment of your ‘the only way is up’ opinions is beginning to be very tedious

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