Originally Posted by
Chip
If we ever got to 15% again, the effect would be utterly devestating, I dont believe that the BOE would ever decide again that was the correct policy, the world is a different place now to then.
Id have to agree!!! something like that could seriously fuck up a lot of people and actually hamper the economic recovery!!!
Originally Posted by
TurboShed
I have no equity, more than likely in negative equity already. If base rates went up high, I would happily be reposessed, walk away with my furniture and my Cossie.
If the cossies in your name and you were massively in debt then i doubt youd get to keep it once the courts get in on the act when your bank goes for bankruptcy proceedings against you.