What's the size of your mortgage?

[Moscow Mule]

Pop that interest rate up to 5 again and I think you'd see mass defaulting.

There are already a lot of people on the edge of default. Banks have been waiting for their reputations to recover a bit before exciting the defaults.

Tin hat brigade might speculate that the the current crop of scandal is designed to prop up the market (again).

[AtW]

Zero.

I rent...

[Old Hack]

There are already a lot of people on the edge of default. Banks have been waiting for their reputations to recover a bit before exciting the defaults.

Tin hat brigade might speculate that the the current crop of scandal is designed to prop up the market (again).

I think the sentiment regarding banks is a good point. Can't see the Gov kow towing to banks wanting mass evictions either.

Game changer coming up me thinks.

[escapeUK]

There are already a lot of people on the edge of default. Banks have been waiting for their reputations to recover a bit before exciting the defaults.

Tin hat brigade might speculate that the the current crop of scandal is designed to prop up the market (again).

This links into my thread re "Is now the right time to buy a house?" Id love a repo

[bobspud]

This links into my thread re "Is now the right time to buy a house?" Id love a repo

Interesting way to put it...

Personally I'd rather do well enough to buy a property fairly rather than wish someone else hardship and sorrow. We have a 230k mortgage but after I have finished the renovation work I hope to get it paid in about five years.