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    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Cumbria - just outside the Lake District (walking distance of the boundary).
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    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Because in general hotels aren't empty for c.10 months of the year - as the houses around me are. My neighbours are actually here for five days right now. Only their second trip up here in 2023 - so for the rest of the time the house has been empty.
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    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Or ban second/third homes and holiday homes. In my avenue of 14 houses - when I moved here 20 years ago 13 were lived in full-time. Now only seven are. That's six houses that could have been bought by people to live in taken out of the market. So, those that are available in the area to...
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    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Moved north in 1997. Entirely my choice. Thanks.
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    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    https://www.avtrinity.com/news/house-prices-vs-income-how-affordable-are-uk-homes#:~:text=Therefore%2C%20it%20would%20take%206.1,only%20risen%20to%20%C2%A333%2C000. "The history of house price affordability UK over the past 40 years. House price affordability is simply the number of times the...
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    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Yes - because mortgage repayments were a mix of interest and capital, my parents mortgage payments as a percentage of their income dropped quite rapidly, as wage rises outstripped mortgage rises. And of course, the actual amounts owed in the first place were far lower in relation to income as...
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