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  1. sparkie

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

    They'll need to send everyone some free beer vouchers though.
  2. sparkie

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

    With the (relatively minor) debts I still have to pay back I spend time on the moneysavingexpert forum. Here's links to the mortgage forum : https://forums.moneysavingexpert.com/categories/mortgages-homes and, more generally, the debt forum ...
  3. sparkie

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

    Absolutely. But instead they fiddle while the country burns. They'll see it in the end - after everyone else does. No leadership.
  4. sparkie

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

    Things won't be any better in November as there is nothing in the pipeline to make things better.
  5. sparkie

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

    Mandatory automatic approval for switching to interest-only does seem a sensible policy to ease the current crisis.
  6. sparkie

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

    What is a pay rise ? I think I've vague memories of one in the distant past but it seems such a fantastical phenomenon that I was probably dreaming.
  7. sparkie

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

    OK, so it seems clear a solution is needed but it can't involve tax payer money - or if it does the money should be dished out to the whole population to be fair. So perhaps a cap on mortgage rate rises with anything over the cap automatically added onto the mortgage term ? Or making mortgage...
  8. sparkie

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

    It's a mess and going to get worse. I really feel for anyone involved. I've been hit badly by all the recent financial hikes - first vehicle fuel prices then household gas and electric bills. But I sigh with relief that I don't have a mortgage or pay rent and this particular misery will swerve...
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