Mortgages

[Broccers]

In summary, rates should've been much higher over the last 15 years (and better taking into account house prices into inflation figures) and much lower now. The end.

You're on the money.

Unfortunately people squealing are about to lose their comfy credit based life. Cunts.

[Rich B]

Broccers, you sound like you're 5 minutes away from tweeting about how great hitler was, are you actually ok?!

[Broccers]

Broccers, you sound like you're 5 minutes away from tweeting about how great hitler was, are you actually ok?!

Is this mortgage related? Put me on ignore and get on with your life.

[Rich B]

We're allowed to deviate off topic mate, it's a car forum, not your self assessment form!

[Broccers]

We're allowed to deviate off topic mate, it's a car forum, not your self assessment form!

Are we ? Do you make them rules? Seriously though fuck off and annoy someone else. Cheers, mate.

Ps your fixed rate ends soon, yeah?

[MikeHunt]

Unfortunately people squealing are about to lose their comfy credit based life. Cunts.

I’m still relatively new here so I’m guessing the trolling is over my head. We have a slightly senile relative in their early 80s who comes out with similar views and it’s cute that you are so dedicated to bringing a balance to the forum.

[Rich B]

We're allowed to deviate off topic mate, it's a car forum, not your self assessment form!

Are we ? Do you make them rules? Seriously though fuck off and annoy someone else. Cheers, mate.

Ps your fixed rate ends soon, yeah?

1.39% until June 2027 thanks!

Yep, I got lucky and managed to fix it last January. However, just because my situation worked out, I'm not wishing others to have crap rates.

[Broccers]

Unfortunately people squealing are about to lose their comfy credit based life. Cunts.

I’m still relatively new here so I’m guessing the trolling is over my head. We have a slightly senile relative in their early 80s who comes out with similar views and it’s cute that you are so dedicated to bringing a balance to the forum.

Cute.

[Broccers]

We're allowed to deviate off topic mate, it's a car forum, not your self assessment form!

Are we ? Do you make them rules? Seriously though fuck off and annoy someone else. Cheers, mate.

Ps your fixed rate ends soon, yeah?

1.39% until June 2027 thanks!

Yep, I got lucky and managed to fix it last January. However, just because my situation worked out, I'm not wishing others to have crap rates.

Add me to ignore fella. It's for your own good .

[Rich B]

Are we ? Do you make them rules? Seriously though fuck off and annoy someone else. Cheers, mate.

Ps your fixed rate ends soon, yeah?

1.39% until June 2027 thanks!

Yep, I got lucky and managed to fix it last January. However, just because my situation worked out, I'm not wishing others to have crap rates.

Add me to ignore fella. It's for your own good .

But you keep responding!

I'm always fascinated by your opinions, you're so forceful about the statements, yet you never want to back them up with any actual discussions or facts! You are very entertaining because of it - how could I possibly ignore!?

[Broccers]

1.39% until June 2027 thanks!

Yep, I got lucky and managed to fix it last January. However, just because my situation worked out, I'm not wishing others to have crap rates.

Add me to ignore fella. It's for your own good .

But you keep responding!

I'm always fascinated by your opinions, you're so forceful about the statements, yet you never want to back them up with any actual discussions or facts! You are very entertaining because of it - how could I possibly ignore!?

Drop me a pm and ask . It'll be the first since I actually for the first time ever apologised about something. DMS open.

[V8Granite]

Personally I hope that interest rates rise in a slow manner and this helps the price of houses relative to income come down.

Unless particularly successful I would like to think my kids could own their own home solely off their own wage.

My cheap house has doubled in price in 10 years which is ridiculous for a 3 bed ex council semi.

Dave!

[Jobbo]

Inflation isn't high now because people are flush with cash and the economy is overheating, it's because of food prices, energy costs, etc, which are not being demand led. How they think raising interest rates now will bring down the cost of leccy or a weekly grocery shop when huge swathes of the population are living paycheck to paycheck is beyond me.

That’s my view, though since the Bank of England has only one lever to pull and its remit is to keep inflation under control, it’s not as if they could do anything else. I agree with you, and Broccers, that they’ve been a bit too low, but if they’d been higher I assume there’d have been more quantitative easing.

Being higher now keeps us in line with the rest of the world and makes us look a decent place for foreign investors to park money. And lord knows we need that when Brexit means foreign money isn’t coming in through exports as it was. Shame it’s now mainly to buy property rather than into the general economy.

[Holley]

Part of me agrees that house prices are too high because it's difficult for first time buyers. Problem is though if house prices continue to fall, those FTB that have bought over the last few years (whether by shared ownership, help to buy or fully) will not only be landed with a much higher mortgage payment when their deal comes to an end, but potential negative equity that prevents them from moving on. This has an effect upwards as it's these same people that perhaps are the beginning of the chain when people like us want to move. (un?)Fortunately there's still plenty of BTL investors swallowing up property (more so now that pensions and investments aren't great). I do think to help regulate the market there should be some sort of limit on the number of properties someone or even a limited company should be able to own.

[dinny_g]

This has an effect upwards as it's these same people that perhaps are the beginning of the chain when people like us want to move.

This is happening (albeit for different reason) in Ireland at the moment - massive shortage in affordable homes for first time buyers (due to the negative equity thing you mention) and rents extortionate as landlords capitalise on supply and demand.

[Broccers]

And lord knows we need that when Brexit means foreign money isn’t coming in through exports as it was.

Wheres you facts on this one? The pound / $ is very low so buying shit from the UK is cheap. I swear I read some crap on here. As you were.

[ZedLeg]

Just one example but our international volume from the UK has dropped from about 40% of total to around 2.5% of total since brexit.

[Broccers]

Just one example but our international volume from the UK has dropped from about 40% of total to around 2.5% of total since brexit.

Ok I have other things to do today other than argue the toss with lefties. We've all been locked in our homes for the best part of 2 years - why does noone realise its cos of covid not brexit. As you were.

[ZedLeg]

Nope, our sales in general went up over lockdown. It was customs legislation and uncertainty about deliveries that killed our international volume.

Enjoying your latest spiral though mate.

[dinny_g]

Just one example but our international volume from the UK has dropped from about 40% of total to around 2.5% of total since brexit.

This report from the ONS suggests your figurers are somewhat overstated Zed..

https://www.ons.gov.uk/economy/national ... /april2022

About 1/3 down - annual trends.