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Debate House Prices
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The Last 5 Major Uk Recessions
Comments
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Lower redundancies is not the same as NO redundancies. Do you understand that? If you are one of the unlucky s*ods who lose their jobs, then you won't be able to take advantage of low interest rates to pay off your mortgage. Why are some of you finding that so difficult to understand.
Are some of you so up to your neck in debt that you don't want to think about job loses perhaps and just want to think that you can now pay off your mortgage debts quickly?
Let me get this right, you are saying that people who lose their jobs are not bothered that their mortgage payments will be half what they were before, because every person who loses their job will also lose their house.
What about the people who lose their jobs and say receive redundancy payments or have money saved up, don't you think they will be quite happy to have lower mortgage payments?
In addition, redundancies are not restricted to recessions.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
PS the idea is to retain jobs not lose them so a rate cut is the only way of lowering business outgoings at the moment other than laying people off.:rolleyes:
You are just ignoring the point or perhaps you really don't understand what is being said. I'll repeat what was said again. Low interest rates will not help everyone as losing a job will stop people servicing their mortgage debts.
There are jobs being lost in finance and building every day and they have a knock on effect to other businesses. People who lose their jobs are not going to be helped by low interest rates to pay off their mortgages. Is that so hard to understand?0 -
Let me get this right, you are saying that people who lose their jobs are not bothered that their mortgage payments will be half what they were before, because every person who loses their job will also lose their house.
What about the people who lose their jobs and say receive redundancy payments or have money saved up, don;t you think they will be quite happy to have lower mortgage payments.
Actually, the rules have just been been changed so that the welfare state starts paying the interest relatively soon after someone becomes unemployed (13 weeks) so interest rates are the least of an unemployed person's worries......--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
You are just ignoring the point or perhaps you really don't understand what is being said. I'll repeat what was said again. Low interest rates will not help everyone as losing a job will stop people servicing their mortgage debts.
There are jobs being lost in finance and building every day and they have a knock on effect to other businesses. People who lose their jobs are not going to be helped by low interest rates to pay off their mortgages. Is that so hard to understand?
I think that people that lose their jobs will be helped if rates are lower.
if i am out of work i'd rather be paying £200 a month on my mortgage instead of £400 when rates were higher.0 -
There are jobs being lost in finance and building every day and they have a knock on effect to other businesses. People who lose their jobs are not going to be helped by low interest rates to pay off their mortgages. Is that so hard to understand?
yes but low interest rates will help out companies who therefore should not need to make as many people redundant0 -
Actually, the rules have just been been changed so that the welfare state starts paying the interest relatively soon after someone becomes unemployed (13 weeks) so interest rates are the least of an unemployed person's worries......
Not if they have redundancy payments or savings.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
Let me get this right, you are saying that people who lose their jobs are not bothered that their mortgage payments will be half what they were before, because every person who loses their job will also lose their house.
What about the people who lose their jobs and say receive redundancy payments or have money saved up, don;t you think they will be quite happy to have lower mortgage payments.
Those that get redundancy money will be lucky, if they can make it stretch until they get another job. Mortgage benefits will kick in for the interest payments but they have bills to pay too.
I've run my business through a few recessions and judging by the attitude on here from some like you, you are going to be in for one h*ll of wake up call. This not going to be the bed of sweet smelling roses you seem to think it is.0 -
You are just ignoring the point or perhaps you really don't understand what is being said. I'll repeat what was said again. Low interest rates will not help everyone as losing a job will stop people servicing their mortgage debts.
There are jobs being lost in finance and building every day and they have a knock on effect to other businesses. People who lose their jobs are not going to be helped by low interest rates to pay off their mortgages. Is that so hard to understand?
Are you deliberatly not reading my posts and making stupid points?
OK lose job have 3 months savings and income protection.
Who is better off and who can survive the best untill they get a job.
A) rates reduced to 2.5% IO Mortgage
Rates at 4.99% IO Mortgage
C) Rates 10% IO Mortgage.
Given that lowere rates should hopefully stop some reundancys.
I think you need a mirror as it is not me who does not understand. 0 -
You are just ignoring the point or perhaps you really don't understand what is being said. I'll repeat what was said again. Low interest rates will not help everyone as losing a job will stop people servicing their mortgage debts.
There are jobs being lost in finance and building every day and they have a knock on effect to other businesses. People who lose their jobs are not going to be helped by low interest rates to pay off their mortgages. Is that so hard to understand?
Yup, very hard.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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