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Carney warns house buyers: can you afford the mortgage?
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=20681		 Page 1 of 1
Author:  pcernie [ Fri Nov 29, 2013 9:06 pm ]
Post subject:  Carney warns house buyers: can you afford the mortgage?
http://www.theguardian.com/business/201 ... er-warning

:lol: :oops:
Author:  Spreadie [ Fri Nov 29, 2013 9:23 pm ]
Post subject:  Re: Carney warns house buyers: can you afford the mortgage?
pcernie wrote:
http://www.theguardian.com/business/2013/nov/29/mark-carney-bank-of-england-home-buyer-warning

:lol: :oops:

I could before those tw@ts ensured that I had my wages frozen for five straight years.
Author:  Amnesia10 [ Sat Nov 30, 2013 1:28 am ]
Post subject:  Re: Carney warns house buyers: can you afford the mortgage?
You will not be the only one. Median wages have been stagnant since 2003.


Sent from my iPad using Tapatalk HD
Author:  MrStevenRogers [ Sun Dec 01, 2013 1:06 pm ]
Post subject:  Re: Carney warns house buyers: can you afford the mortgage?
i believe that is called a warning shot
get ready for BoE interest rate rises

the bank(ster's) will make a meal of it ...
Author:  Amnesia10 [ Sun Dec 01, 2013 6:01 pm ]
Post subject:  Re: Carney warns house buyers: can you afford the mortgage?
MrStevenRogers wrote:
i believe that is called a warning shot.

It is, but I doubt that it will be immediate. Banks already assess peoples ability to pay based on much higher rates already. Apparently it is something like 5%. It is those that already have a mortgage and are struggling that will be impacted first.

MrStevenRogers wrote:
get ready for BoE interest rate rises

I think rates will be low for a long time. It will be an external shock that will kickstart the rise in rates.

MrStevenRogers wrote:
the bank(ster's) will make a meal of it ...

As always.
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