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100,000 could lose their homes if mortgages rise £20 a month

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker

    I don't get this constant need to have a go regardless, apart from you were all so bloody far out on your own predictions and thoughts you just despise articles such as this which are closer to others thoughts.
    Have you forgotten about the time you had to remove my prediction from your footer, you tried to make me look silly but it backfired ;)
    '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 Thatcher
  • Debt_Free_Chick
    Debt_Free_Chick Posts: 13,276 Forumite
    10,000 Posts Combo Breaker
    Pete111 wrote: »
    I simply don't believe that 100,000 homeowners are on that much of a knife edge that having to find an extra £240 annually will cause them to lose their home. ie there are no further savings they coudl make.

    Lets be honest now, that's an extra 65p a day....

    They'll be busy looking at Sky TV for PayDay Loan adverts ;)
    Warning ..... I'm a peri-menopausal axe-wielding maniac ;)
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    StevieJ wrote: »
    Have you forgotten about the time you had to remove my prediction from your footer, you tried to make me look silly but it backfired ;)

    Errr, you removed mine, so I removed yours. You didn't like it, remember.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    Have you forgotten about the time you had to remove my prediction from your footer, you tried to make me look silly but it backfired ;)
    If only he would listen and be allowed to be educated by the people that have been telling him he is wrong eac and every tme for so long but no he knows best and then complains when they question his posts. Some people are use beyond help.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    And a man from Devon was seen posting press releases for special interest groups on a message board.

    More details at six.

    And of course no Scot would ever be caught doing the same thing. On the same day. At about the same time.......
    So after the temporary pause in rent increases, normal service has resumed.

    A minor uptick in arrears of a few tenths of a percent, but still markedly lower than they were last year.
  • Jonee
    Jonee Posts: 54 Forumite
    Well...just my two penneth....I`m dreading an increase in the interest rate...it`s not that we can`t afford our mortgage, but with everything else going up we have had to totally restructure how we live....my son left school last year and has been out of work, not all his own doing before anyone slags me off, he was promised an apprenticeship and when it came to it, the company pulled out of the scheme which left us too late to go down an alternative route....so we now don`t get child benefit or tax credits...I had to have six months off work due to a back operation, so I wasn`t earning from June last year to January this year and can only go back part-time because the company have cut everyones hours.....so with all the extra squeezes we`ve done....an interest rate rise would not be welcome at the moment..... :(
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Jonee wrote: »
    Well...just my two penneth....I`m dreading an increase in the interest rate...it`s not that we can`t afford our mortgage, but with everything else going up we have had to totally restructure how we live....my son left school last year and has been out of work, not all his own doing before anyone slags me off, he was promised an apprenticeship and when it came to it, the company pulled out of the scheme which left us too late to go down an alternative route....so we now don`t get child benefit or tax credits...I had to have six months off work due to a back operation, so I wasn`t earning from June last year to January this year and can only go back part-time because the company have cut everyones hours.....so with all the extra squeezes we`ve done....an interest rate rise would not be welcome at the moment..... :(

    And there will be many many more in the same boat.

    This is the problem with interest rates at such low levels for so long. More people will get dragged down when they eventually do go up. This makes it difficult to put them up, and the vicious circle takes hold, with rates staying low even longer. The longer it goes on, the more painful it will be putting them up and the higher amount of people dragged under.

    And from this level, it's unknown teritory.
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Generali wrote: »
    And of course no Scot would ever be caught doing the same thing. On the same day. At about the same time.......

    :rotfl:

    Aye, fair enough.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”

    -- President John F. Kennedy”
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Errr, you removed mine, so I removed yours. You didn't like it, remember.

    Are you Joe King? Why wouldn't I like it when it was a virtually spot prediction ;)
    '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 Thatcher
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    StevieJ wrote: »
    Are you Joe King? Why wouldn't I like it when it was a virtually spot prediction ;)

    I have no idea.

    You decided to take the spot on prediction out of your sig as it was "immature" so I did the same. :)
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