Discuss Mortgage Rates.... There are going to be some serious tears. in the Electricians Chat - Off Topic Chat area at ElectriciansForums.net
Yep... We are planning on buying soon. The lowering of property value wont be of much use when we could be asked to pay double monthly payments So we see a huge shift in the market .Some will HAVE to downsize etc .As they are too exposed financially etc .I know MY sister in law finishes their fixed term in June and due to her Husband been off work with parkinson's . She wont be able to deal with 2% raise in her payment . And this is someone who shops at markets and goes to supermarkets to get discounted food. They dont have sky or a car etc . .Even landlords are selling up etc .I was reading the other day that for every 1% increase the average mortgage repayment in England will rise by £250 per month
I can see ALOT of repossessions in the coming years
Reply to Mortgage Rates.... There are going to be some serious tears. in the Electricians Chat - Off Topic Chat area at ElectriciansForums.net
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