Debate House Prices


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Now, for some GOOD news....

http://www.telegraph.co.uk/finance/economics/8229465/Homeowners-cut-mortgage-debt-by-the-most-in-over-a-year.html
British homeowner cut the outstanding mortgage debt by £6.1bn in the three months to the end of September, encouraged by record low interest rates and fears of tough times ahead.

Anyone think the gypsies warnings dished out by the BOE are FINALLY having an effect? I bet this increases significantly over the next few months. We have personally paid down 10K of our mortgage capital in the past 6 months, and are on track to pay down an additional 37K over the next 2 years.

About bl00dy time.

Be interesting to see how much of a rate rise equates to current overpayments, think its a 2.4% rise, not much, and certainly not the 5% that was spouted by the BOE of late.
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