Uber Doomed...

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ChimpMaster replied

4 January 2008, 09:30
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.
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sasguru replied

4 January 2008, 09:23
Originally posted by DimPrawn View Post

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!
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DimPrawn replied

4 January 2008, 09:21
Originally posted by sasguru View Post

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!
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sasguru replied

4 January 2008, 09:19
Is the 1000 a monthly or yearly amount? If monthly doomed if yearly boomed.

HTH
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MrRobin replied

4 January 2008, 09:10
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?
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DimPrawn replied

4 January 2008, 09:07
Originally posted by milanbenes View Post

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?
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milanbenes started a topic Uber Doomed...

4 January 2008, 08:58
Uber Doomed...

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.
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