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  1. Paulie Gualtieri

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

    To be fair people in arguments are not spending money
  2. Paulie Gualtieri

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

    The helps wages maybe? Also you could inform your neighbour that the charity status the school no doubt holds has indirectly helped him out financially already
  3. Paulie Gualtieri

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

    Popular West Country locations are often protected by S106 agreements where purchasers must be local (define) or not already be a homeowner. There are naturally various ways around this though
  4. Paulie Gualtieri

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

    Skipton have this product, hopefully others will follow suit https://www.skipton.co.uk/press-office/press-release-article?BlogID=%7B13A47958-66DB-4D1A-B686-F7BFCF3FD742%7D
  5. Paulie Gualtieri

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

    Thanks for highlighting the typo I meant to write £360! I’ve worked in the lending industry for 25 years and even back in 07/08 repossessions were an absolute last resort with the key de working with the borrower to restructure temporarily or permanently the mortgage be it rate, term, type...
  6. Paulie Gualtieri

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

    We come off of our very low fixed rate in November but have booked a new 5 year fixed rate which will cost £360 a month more We did have the foresight to plan our fixed rate maturity dates around life events. For example our energy fixed rate also ends in November but then equally our monthly...
  7. Paulie Gualtieri

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

    As to comments regarding repossessions, I worked in the sub prime sector during the 07/08 recession. The lender absolutely will also do all they can to prevent repos particularly in areas of high concentration as neither party will get back the equity which will significant erode in a forced...
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