I'm terrifed! Like many!

Seraphi

deejaybee said:

Markets are panicking at the prospect of a Labour government in a couple of years, so if the Tories get their act togethor and the opinion polls get back to reality, then the markets should calm down..

This deserves the mockery that Andrew Pierce and Lord Ashcroft got for peddling the same deluded nonsense.

There were opinion polls showing a strong Labour lead prior to the (not so) mini-Budget as well as poll afterwards that made national news. There hasn't been a sudden shift there. There has however been a sudden shift in fiscal policy.

Stop looking for a bogeyman to explain sterling’s collapse

isadreamalie

deejaybee said:

Markets are panicking at the prospect of a Labour government in a couple of years, so if the Tories get their act togethor and the opinion polls get back to reality, then the markets should calm down..

Oh no a Labour Government that might actually address wealth inequality and the environment oh boo hoo

aylithuk

It’s always challenging not to panic when we’ve lived/living through so much turmoil (financial and health) 

to calm myself I read my mortgage paperwork from 2017 when I fixed a deal at 2 years at 4.4 as a FTB at 35 years old. 

Just helped me remember that these low rates were once upon a time not the norm. I am locked in until October 2023 at 1.69% and as my investments and savings are earning me more than that I am not overpaying my mortgage either 

Breathe as much can change within 6 months. 

tony3619

My deal is ending May 2023. I'm currently on 1.69% so I can renew end of march...I'm praying that base rates are only around 4% in march so I can get a new fix around 7% without paying the ERC. 

I'm confident I can save enough  in my remaining 8 months to cover the additional added payment on a new 2 year fix upto 9% as my mortgage is very low. It's all very scary...if you are lucky enough to have savings they will only soften the blow for so long .  ☹️