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fivemice
Posts: 251 Forumite
And it's :j :beer: :rotfl: :T :cool: from me 
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Comments
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how do you know that, they've not updated the site yetMoney, Money, Money ..... Banks/Casinos/Bookies give me all you money its a poor mans world....0
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ashcarrot wrote:how do you know that, they've not updated the site yet
http://news.bbc.co.uk/1/hi/business/6430013.stmRegards,
Dave
If only I had a pound for every time I used the thanks button
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It's on BBC News
http://news.bbc.co.uk/1/hi/business/6430013.stm0 -
thanks,
though i would have liked a rise... Money, Money, Money ..... Banks/Casinos/Bookies give me all you money its a poor mans world....0 -
It's not so good news for people who've got Fixed rate deals coming up for renewal. Many will find they'll be stung for a 40% increase in their mortgage payments. Add that to increases in Council Tax and utility bills, many will have increased debt problems.
http://www.creditaction.org.uk/debtstats.htm0 -
But surely people who took out fixed rate deals two/three years ago would have been expecting these rate rises?
It's good news for me as we'll be applying for a mortgage the first week in April, so a rate rise now would have been bad news for us.
I would have loved a fall but I didn't think that was very likely.0 -
fivemice wrote:But surely people who took out fixed rate deals two/three years ago would have been expecting these rate rises?
A few of those who bought when rates were really low, late 2003 early 2004 may have budgeted for the first few IR rises, but I doubt if many have budgeted for the last three i.e. another 20% increase. Those mainly effected will have been FTB's, most of whom are on a tight budget.
Good luck with your mortgage, hope you get a good deal!0
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