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Bank of England raises interest rate to 5.75%
Comments
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What benefit is that to me.If I sell it I have to live somewhere else.
Agree with your point, but the benefits are
1) You can sell up and downsize and release the extra equity.
2) You could sell and rent somewhere (which may or may not be sensible depending on your cirumstances and point of view).
3) You can borrow against the equity. (In many cases this is a BAD idea as many people have MEWed just to buy 4X4s and plasma TVS which I think will ultimately be bad for the economy).0 -
Well point one,were i am now was the product of downsizing.Point 2,can`t really,with due respect,see the point of that,and as for point three,no way do I see my house as a atm machine.I have seen people do just that,MEW!Crazy idea!Agree with your point, but the benefits are
1) You can sell up and downsize and release the extra equity.
2) You could sell and rent somewhere (which may or may not be sensible depending on your cirumstances and point of view).
3) You can borrow against the equity. (In many cases this is a BAD idea as many people have MEWed just to buy 4X4s and plasma TVS which I think will ultimately be bad for the economy).0 -
Well point one,were i am now was the product of downsizing.Point 2,can`t really,with due respect,see the point of that,and as for point three,no way do I see my house as a atm machine.I have seen people do just that,MEW!Crazy idea!
If there's any *benefit* from HPI as an owner Occupier, I think you'll agree with this:
That you do own and do not have to take on the financial burden that todays prices command. That is a benefit.I can take no responsibility for the use of any free comments given, any actions taken are the sole decision of the individual in question after consideration of my free comments.
That also means I cannot share in any profits from any decisions made!;)0 -
If Nationwide put up their rates, I will be paying another £6'ish a month on my home mortgage, no more Fish and chips on a Friday for me :mad:Well life is harsh, hug me don't reject me.0
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