Uber Doomed...

[milanbenes]

http://www.telegraph.co.uk/news/main...ncredit104.xml


'More than one million home owners face a £1,000 "credit crunch premium" on their mortgages this year after the Bank of England warned yesterday of a "significant and unanticipated increase" in the cost of borrowing.
'


Milan.

[DimPrawn]

http://www.telegraph.co.uk/news/main...ncredit104.xml


'More than one million home owners face a £1,000 "credit crunch premium" on their mortgages this year after the Bank of England warned yesterday of a "significant and unanticipated increase" in the cost of borrowing.
'


Milan.

Simple, stick the £1000 on the mortgage. When people are borrowing half a million for a bedsit above a kebab shop, do you think a lousy grand is a problem?

[MrRobin]

I might be being thick here but why can't these people just remortgage to another 2 year introductory deal when their fixed rate runs out and get converted to a variable?

[sasguru]

Is the 1000 a monthly or yearly amount? If monthly doomed if yearly boomed.

HTH

[DimPrawn]

Is the 1000 a monthly or yearly amount? If monthly doomed if yearly boomed.

HTH

By November, the average mark-up had increased to 0.6 per cent. This means a typical family remortgaging with a £200,000 mortgage will have to pay £1,000 more a year.


Boomed!

[sasguru]

By November, the average mark-up had increased to 0.6 per cent. This means a typical family remortgaging with a £200,000 mortgage will have to pay £1,000 more a year.


Boomed!

Less than £100 extra a month? And how does that affect the price of fish?
Boomed I tell yer!

[ChimpMaster]

I'm guessing there are people out there who are already operating on the red line. What will fuel bills about to go through the roof (again...) and mortgages rising even just a £100 a month, there will be millions unable to afford this.

Fortunately for them, we have a government prepared to pay for t heir livelihoods once they go onto benefits.