Tories say they would keep rates low when they win General Election

geoffky

Read my lips....no more tax rises on my watch.......remember????

Heyman_2

jenner wrote: »

how would rates rising, get properties cheaper though?? is it because there would be less people wanting to buy so the prices go down?

Not quite, higher rates would lead to the banks putting up their interest rates on their SVR and Tracker products, which would put pressure on homeowners with these kinds of mortgages, which in turn might lead them to put their house on the market.

Increased supply (in theory) = lower demand ratio (in theory) = cheaper prices (in theory)

At least that's what some of the bears here are hoping

All depends on what the banks do when rates start to go up. If they try to preserve their current margins then there is the potential for this kind of scenario.

pickles110564

Out,_Vile_Jelly wrote: »

I wonder how many years down the line they'll continue to blame the outgoing goverment? I could only blame the temp before me for a couple of months.

No different to Broon's lot. They still blame the Tories now.

Heyman_2

Dan: wrote: »

I have been trying to say that the Tories agree with the low interest rates for months. For some reason, some folk (on this baord) are hoping that a Tory Government will significantly increase rates.

Well at least we now have a reference point when that little gem pops up.

My other personal favourite is that Gordon Brown personally set rates at a low level to prolong the housing boom :rolleyes:

lemonjelly

inspector_monkfish wrote: »

... and we'll be in an even worse situation if labour carry on....

We've a lib-dem voter in our midst folks....

inspector_monkfish

lemonjelly wrote: »

We've a lib-dem voter in our midst folks....

:eek::D no chance matey

tory through and through old bean....

lemonjelly

inspector_monkfish wrote: »

:eek::D no chance matey

tory through and through old bean....

:eek:not sure what is worse....

Degenerate

Pete111 wrote: »

I very much doubt we would have spunked anything like as much (largely wasted) cash on the public sector....as such I disagree as I suspect we would be running far less debt.

Instead they would have been busily implementing the policy of less regulation of the city that they were advocating through the boom years, resulting in an even bigger boom and bust, requiring even more cash to shore up the banks (that's if they didn't let them fail for ideological reasons and hang the consequences.)

Mr_Mumble

Heyman wrote: »

My other personal favourite is that Gordon Brown personally set rates at a low level to prolong the housing boom :rolleyes:

Are you saying Gordon Brown is a thickie for not realising his actions would prolong the housing boom? :eek: ...fair enough, the person in charge of excluding housing costs from the inflation target has to be very dim to then blame others for the property bubble.

Graham_Devon

chucky wrote: »

tha's because those wanting a cheap house are expecting the tories to increase rates dramatically and get them that cheap as chips property.

sorry, it's not going to happen - chin up though :money:

Blimey, you can find a way to attack a group of people whatever the subject.

At this stage, all this is bluff and bluster.

What any party does AFTER they have got in, is a completely different matter.