UK Landlord Forum / Life

Just as everyone thought rates would drop to get the market back on its feet...

The fall in major financial institutes only means that rates will keep on rising. This has led to some lenders starting to push up interest rates and others putting their rates under review.

It comes after two months of falling mortgage costs, but brokers expect further volatility ahead.

The Yorkshire Building Society changed a number of deals earlier this week. From Friday, Abbey is cutting its two-year fixed-rate deals for people with a 15% deposit and adding to the number of three and five-year deals.

HSBC is increasing fixed-rate deals for new borrowers with a 10% deposit by 0.3 percentage points to 6.27%.

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We have money from the government, we have money from the punter we have money coming in from everywhere, whats wrong with these people. um greed thats it and the inability to carry out simple trading techs.
If Jonny had four apples and Mary took two from him how many apples would Jonny have to give Chris and Ann.

However each interest rate change involves a new recalculation of the monthly fee which anticipates the true term of the mortgage. This means that despite several interest rate increases I'm still paying the same amount per month which I suppose is a benefit but I'm not achieving my aim in reducing the term of the mortgage.

The worst could be yet to come. If, as predicted, utility prices rise by as much as 40% later this year and interest rates are increased to control rising inflation, consumers and consumer facing businesses will face even bleaker times,"Jason Gordon, director of retail at Ernst & Young, said: "Many UK consumer segments are clearly feeling the pinch as big rises in household costs are far outstripping relatively modest wage inflation."

We have money from the government, we have money from the punter we have money coming in from everywhere, whats wrong with these people. um greed thats it and the inability to carry out simple trading techs.

Soaring fuel costs are now considered the biggest stress on the family budget, despite a looming rise in home loan interest rates for nearly half of all mortgagees, a survey has found.

Of the 1500 home owners questioned in a survey commissioned by Wizard Home Loans, only 17 per cent said the official interest rate rise in December has had a greater impact on their wallets than the cost of gas. In December a "bubble" of two-year fixed term mortgages ? worth $36.5 billion or 42 per cent of the market ? is expected to expire. The bubble was the result of a 2004 price war ? which saw the two-year fixed rate fall to 6.9 per cent.