1 reason…greed. Somebody think of the poor bankers bonuses
> Anil and Jessica Jhamat, from Solihull, are having to find an extra £550 a month. They bought their home during the stamp duty holiday, which allowed them to purchase “a house we wouldn’t otherwise have been able to afford”.
> “We assumed interest rates would stay low, otherwise we’d have taken out a five-year fix,” Mr Jhamat said. “Hindsight is a wonderful thing.”
This the symptoms of decade of low rates. I actually blame low rates for not be problem in the U.K. more than lack of supply. Housing would have looked less appealing to those looking through investment eye.
I think We need rates to stay his level for next decade
It’s because much of the public are used to low rates and think short-term fixed rates are a good thing. Even if you pay slightly more, getting a full fixed rate, your current income can afford the term.
Christ the standard of journalism at the bbc really is in the toilet. People don’t need the bbc to tell them why higher interest rates on their mortgage are bringing them down, they know that already. What they need the bbc to do is hold the government to account for causing the problem in the first place.
The best part of being a pathological liar is having just scored the winning goal to stop Man City win the Champions League
Rather have a mortgage to pay than paying someone else’s off.
Daily Mash articles making their way on the BBC now. So happy I don’t fund this drivel.
7 comments
1 reason…greed. Somebody think of the poor bankers bonuses
> Anil and Jessica Jhamat, from Solihull, are having to find an extra £550 a month. They bought their home during the stamp duty holiday, which allowed them to purchase “a house we wouldn’t otherwise have been able to afford”.
> “We assumed interest rates would stay low, otherwise we’d have taken out a five-year fix,” Mr Jhamat said. “Hindsight is a wonderful thing.”
This the symptoms of decade of low rates. I actually blame low rates for not be problem in the U.K. more than lack of supply. Housing would have looked less appealing to those looking through investment eye.
I think We need rates to stay his level for next decade
It’s because much of the public are used to low rates and think short-term fixed rates are a good thing. Even if you pay slightly more, getting a full fixed rate, your current income can afford the term.
Christ the standard of journalism at the bbc really is in the toilet. People don’t need the bbc to tell them why higher interest rates on their mortgage are bringing them down, they know that already. What they need the bbc to do is hold the government to account for causing the problem in the first place.
The best part of being a pathological liar is having just scored the winning goal to stop Man City win the Champions League
Rather have a mortgage to pay than paying someone else’s off.
Daily Mash articles making their way on the BBC now. So happy I don’t fund this drivel.