Sadly I was right

[vetran]

https://www.thisismoney.co.uk/money/...899.1638289441

House repossessions start to climb amid cost of living crisis: Properties taken back by banks rise 15% in three months as mortgage rates shoot up

• There were 700 repossessions from homeowners between July and September
• Repossessions from landlords also rose 11%, according to UK Finance data
• Mortgage rates have climbed sharply adding hundreds to monthly payments

Its going to be rocky, keep your cash dry!

[Fraidycat]

So repos went from 600 to 700 (up 15%). Of course things are going to get much worse than that. But a 100 extra repos across 9 million mortgages is hardly worth of a 'i told you so' thread

[TestMangler]

Did you also predict that summer might be warmer than winter ?

[vetran]

So repos went from 600 to 700 (up 15%). Of course things are going to get much worse than that. But a 100 extra repos across 9 million mortgages is hardly worth of a 'i told you so' thread

first repossessions are quite hard to do, many banks don't like doing them and second the upward motion is just after the rules restricting repossessions have been relaxed.

If you offer to pay something that the court sees as reasonable (remember fines can be paid back at £1 a week) the repossession is pretty much stopped in its tracks.

https://england.shelter.org.uk/housi...ession_process

[WTFH]

Bloody Jeremy Corbyn & Remoaners, eh? Must be their fault.

[GregRickshaw]

Something something immigrants, immigration something something jobs something

[DealorNoDeal]

Something something immigrants, immigration something something jobs something

You missed out a few EUs.

[Whorty]

You missed out a few EUs.

Missed out the bit about automation too.

[NotAllThere]

Sadly I was right

Given the volume of posts you make, it was bound to happen sooner or later.

[Whorty]

Given the volume of posts you make, it was bound to happen sooner or later.

He is turning into Scooty .... posts a hundred times, and claims the 1 lucky guess makes him right, but ignores the 99 times he was wrong.