Chancellor warns homeowners mortgage payments could rise by more than £1,000 as interest rates increase to 2.5 per cent over the next year
Chancellor warns homeowners mortgage payments could rise by more than £1,000 as interest rates increase to 2.5 per cent over the next year
4 comments
It’s almost like this is entirely deliberate. Price everyone out of home ownership, including people who are current homeowners, bank vermin swoop in, buy them all up for peanuts, rent them back out.
It’s the only way I can make sense of this smug looking foppish cunt telling everyone how much more shit their lives are going to get while giving no indication of doing anything about it. Then there’s this talk of a windfall tax, which until there was an election coming up, they’d all opposed.
Time to call my mortgage broker and get fixed for the next 5 years again
Someone on a variable rate mortgage who doesn’t understand how they work, or took/ switched to one when interests were low now cry that payments are increasing alongside BoE’s rate increases can only blame themselves and don’t deserve any sympathy or special treatment. Just like with everything else: you can’t have your cake and eat it.
This reminds me of the people who claimed that government should pay for the damage the tornado did to their house few years ago in London because they didn’t have a home insurance.
Conditions for ordinary people just keep getting worse. It’s not a crisis or an emergency. It’s a long running trend. We don’t need one-off payments of a few hundred pounds or temporary changes. We need permanent structural change and that’s going to come from mass action by organisations like trade unions. I’d urge you to join one.