mortgages

[spasm]

just when things were looking ok, i get a letter telling me my mortgage is going up £200 per month,
this is it we're all doomed, by the middle of next year itll go up again. CHOKED,

[Bianchi]

Why is that then .have the interest rates went up

[Itchy]

It's quite simple, if you have a Tracker ( thanfully I have) they cant touch you, if its variable then you're screwed, coz they can

[appleby]

Speak for yourself mate, my offset tracker at 0.48% for the life of the mortgage is chuntering along niceley thankyou! B)

[Itchy]

Hmmn, think I just said that

[NKL990]

Poor banks have got to make some money somehow, you gotta feel sorry for them.

[pubsinger]

I agree , if you cant afford it then dont buy it , too many people living out with their means is what got the country in to this mess

[Barcelona Pat]

Two sides to that coin. Both responsible borrowing and responsible lending - those involved in the latter should help guide those in the former.

I agree, however, it could well be tricky if costs jump notably - I've been there - so feel for those who are now finding things tight.

It is said, "never a lender or borrower be" and luckly that now applies to me - but most often it is a load of tosh, as real world practicalities take precidence.
Pat

[GOG 007]

just when things were looking ok, i get a letter telling me my mortgage is going up £200 per month,
this is it we're all doomed, by the middle of next year itll go up again. CHOKED,

Pm sent if you want my help