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  1. nicko31

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

    But these are not people in government or the opposition. Maybe we'll get a grip when Poland cruise past us
  2. nicko31

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

    https://www.lbc.co.uk/news/lord-hammond-brexit-uk-economy-not-better-off/ Spreadsheet Phil reckons we have two choices. “The labour market in the UK is very tight. So, inflation is being driven by rising wages. “And there are two ways we can tackle this, you can either dampen down the...
  3. nicko31

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

    Markets seem to pricing on a 6% base rate now, fixing in the 7's look a real possiblity. Labour's idea of forcing banks to allow mortgage holidays to interest only seems reasonably sensible if certain criteria are met, we don't want mass defaults
  4. nicko31

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

    If it seems too good to be true, it probably.... These look like rates of 2 years ago, I'd be amazed if these were offered today
  5. nicko31

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

    I would restrict the number of AirBNB's in places like West Cornwall via some kind of licencing scheme, they destroy local communities. The worse offenders of all are the rich who want their "country bolt hole" and use it for just a few weeks a year. As for the mortgage market, I'd be...
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