How is anyone supposed to be able to afford this? Constant below inflation pay increases coupled with freezing of tax rates mean we’re already far worse off. Something has got to give.
“In a report, the Bank said mortgage holders “may struggle with repayments” on loans.
But it said lenders are strong enough to withstand a rise in customers defaulting on repayments.”
Some of you may become homeless, but I’m confident the banks will be safe.
Good god! Can’t anything go right under this government? Well, no from the look of it.
The UK is such a fucking brutal hell scape right now
Relentless scary headlines about mortgages going up *for some people between now and 2026*.
The papers talk more about this than the prospect of housing affordability for all those unfortunate enough to be nowhere near affording their own home.
Well, we voted for this, because broadcasters, politicians and newspapers lied to us.
Will the banks remember we stopped them going bust a few years back and help us.
In all honesty, I fear these rate rises will continue well past 2026 to hit buyers who bought at the peak during covid.
The absolute mental thing about this is, the housing market isn’t even barely correcting itself.
Property prices should be plummeting but they’re not, it should technically, be a buyers market right now.
Weird.
Yeah fuck them home owners, the whole system needs to crash and burn
All I can say is that finding another £6000 per year, to give to our friendly loving bank, will be a huge ask for many us, especially given how fast the cost of every other necessity is rising.
so that is 500 million a month. or 6 billion a year, straight out of the economy into banks pockets.
Good we got that brexit dividend though.
I’m assuming this will negatively affect renters too who will have their rents increased to cover the jump in mortgage cost?
But remember kids, as per our billionaire PM, who probably spends £500 per week on his lunch, you just need to hold your nerve
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How is anyone supposed to be able to afford this? Constant below inflation pay increases coupled with freezing of tax rates mean we’re already far worse off. Something has got to give.
“In a report, the Bank said mortgage holders “may struggle with repayments” on loans.
But it said lenders are strong enough to withstand a rise in customers defaulting on repayments.”
Some of you may become homeless, but I’m confident the banks will be safe.
Good god! Can’t anything go right under this government? Well, no from the look of it.
The UK is such a fucking brutal hell scape right now
Relentless scary headlines about mortgages going up *for some people between now and 2026*.
The papers talk more about this than the prospect of housing affordability for all those unfortunate enough to be nowhere near affording their own home.
Well, we voted for this, because broadcasters, politicians and newspapers lied to us.
Will the banks remember we stopped them going bust a few years back and help us.
In all honesty, I fear these rate rises will continue well past 2026 to hit buyers who bought at the peak during covid.
The absolute mental thing about this is, the housing market isn’t even barely correcting itself.
Property prices should be plummeting but they’re not, it should technically, be a buyers market right now.
Weird.
Yeah fuck them home owners, the whole system needs to crash and burn
All I can say is that finding another £6000 per year, to give to our friendly loving bank, will be a huge ask for many us, especially given how fast the cost of every other necessity is rising.
so that is 500 million a month. or 6 billion a year, straight out of the economy into banks pockets.
Good we got that brexit dividend though.
I’m assuming this will negatively affect renters too who will have their rents increased to cover the jump in mortgage cost?
But remember kids, as per our billionaire PM, who probably spends £500 per week on his lunch, you just need to hold your nerve