bring it on

 

why you like that mate? got like 200k in savings?

 

no where near that but anything helps and i aint got a mortgauge yet

 

prob waing to get on housing ladder. so hoping that rate rises will bring house prices down

 

Yeah bring it on

There was one guy on the TV moaning as hes borrowed Ł1.5m to buy houses and let, now hes worried he wont be able to afford it. Presenters think it could lead to people/devlopers having to sell propertys as wont be as profitable in the buy to let etc. Which is fantastic news for people like me



Bring it on, i need house prices to come down or even stop freaking growing lol. But trouble is Interest rate rises dont hit people for a while after they have been brought in..... On we have had 4? rate rises over last few months. So hasnt 100% kicked into the housing market yet. So Will have wider impact on that and rest of economoy later.

 

5 rises since last august, think it was 4.5 now its 5.75 i think.

 

or not, if you own a house, and your payments go up loads

 

1/4% rise equates to another Ł16 per month on a repayment of Ł100k

so Ł16 x 23 = Ł386 so that don't make sense in the first place

i'm fixed for another 6 months and then i'll be a rate tart

 

in the same boat, fixed @ 5.04% till december then???

 

im fixed for another 2 years

 

I need to get fixed!

 

im fixed at 4.89% for 10yrs so ok at the minute

 

not good for us home owners.

have to get a fix rate one sorted.

 

me too

 

Thats a great rate Smiffy bet your pleased with that. I had five year fixed at 5.27 with two years to go.

 

HAHA! Aint got shit on me, mine are all fixed for a long time!

 

I have no mortgauge ( paid it off in jan ) But still bad news as people stop spending on things like cossie etc , so it does effect everyone in one way or another

 

thats a very good point, but my evening business is aimed towards boy racers and they can't afford a house and spend there money on shit so it don't matter.

 

From Monday RBS will be doing 4.99%

 

Not for me I'm at fixed for a couple of years


Luciano

 

I reckon a lot of the first time mortgage seekers will get offered good rates though (hopefully!!!)

 

Im still on a fixed rate for another 2 years

I just hope the interest rate comes back down when my fixed term finishes.

Steve.