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Thread: Interest rates up 0.5%!

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  1. #1
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by Colin'sReversibleHat View Post
    *the Tory people did
    It was a mixture, some torries, some labour some of the monster raving loony party.

  2. #2

    Re: Interest rates up 0.5%!

    Quote Originally Posted by North Cardiff Blue View Post
    It was a mixture, some torries, some labour some of the monster raving loony party.
    https://lordashcroftpolls.com/2016/0...voted-and-why/

    The right mostly voted to leave while the left mostly voted to remain, though I suspect you knew that anyway

  3. #3

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Colin'sReversibleHat View Post
    https://lordashcroftpolls.com/2016/0...voted-and-why/

    The right mostly voted to leave while the left mostly voted to remain, though I suspect you knew that anyway
    The demographic maps of what people voted for were quite revealing, places like London, Bristol, cardiff Birmingham etc all voted to remain, the more rural areas voted to leave like most of Wales for ie….obv plenty of oldies in the cities mentioned voted to leave also

  4. #4

    Re: Interest rates up 0.5%!

    Quote Originally Posted by goats View Post
    The demographic maps of what people voted for were quite revealing, places like London, Bristol, cardiff Birmingham etc all voted to remain, the more rural areas voted to leave like most of Wales for ie….obv plenty of oldies in the cities mentioned voted to leave also
    The thing that wrecked me most about the breakdown by locales were places like Blaenau Gwent and Merthyr Tydfil voting quite heavily in favour of leaving, you can't drive a couple of hundred yards in Merthyr without passing a European Regional Development Fund plaque! Absolutely mental, talk about biting the hand that feeds

  5. #5

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Colin'sReversibleHat View Post
    The thing that wrecked me most about the breakdown by locales were places like Blaenau Gwent and Merthyr Tydfil voting quite heavily in favour of leaving, you can't drive a couple of hundred yards in Merthyr without passing a European Regional Development Fund plaque! Absolutely mental, talk about biting the hand that feeds
    And these ERD funds will in no way be replicated through the "levelling up" monies from this government, despite assurances from brexiteers at the time. More lies that fooled the gullible.

    Good to see Mr. Sunak being honest about how his party do "levelling up" in his speech in Tonbridge Wells today. One can only hope that voters finally wake up to the dishonesty of the Conservative Party although I wont hold my breath.

  6. #6
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    Re: Interest rates up 0.5%!

    Bad news for Landlords, but great news for first time buyers, it might not be 20% but a lot of people will start to panic and sell while the market is high and before their mortgage payments go up.

    Mortgage valuations are already being down valued a strong indicator that they are worried that values will drop and they don't want to be sued in the near future for overvaluations.

    So first time buyers, keep saving and get ready for when prices drop, it's almost your time!


    https://www.dailymail.co.uk/news/art...ords-sell.html


    Is Britain's buy-to-let and second homes bubble about to BURST? How rising mortgages and falling property prices are set to push up to 20% of landlords into selling... as building society limits lending for those who already have a house
    New figures show as many as 20 percent of landlords are considering selling up some or all of their properties
    They are being persuaded due to rising borrowing costs sparked by recent rises in interest rates, say experts
    Landlords also face increases in the cost of their insurance and maintenance fees, according to lettings chiefs
    It comes as new figures released today show how property prices fell month-on-month for first time in a year
    Experts say landlords and second home owners may to look to sell while homes are 'at the top of the market'

  7. #7

    Re: Interest rates up 0.5%!

    Quote Originally Posted by North Cardiff Blue View Post
    Bad news for Landlords, but great news for first time buyers, it might not be 20% but a lot of people will start to panic and sell while the market is high and before their mortgage payments go up.

    Mortgage valuations are already being down valued a strong indicator that they are worried that values will drop and they don't want to be sued in the near future for overvaluations.

    So first time buyers, keep saving and get ready for when prices drop, it's almost your time!


    https://www.dailymail.co.uk/news/art...ords-sell.html


    Is Britain's buy-to-let and second homes bubble about to BURST? How rising mortgages and falling property prices are set to push up to 20% of landlords into selling... as building society limits lending for those who already have a house
    New figures show as many as 20 percent of landlords are considering selling up some or all of their properties
    They are being persuaded due to rising borrowing costs sparked by recent rises in interest rates, say experts
    Landlords also face increases in the cost of their insurance and maintenance fees, according to lettings chiefs
    It comes as new figures released today show how property prices fell month-on-month for first time in a year
    Experts say landlords and second home owners may to look to sell while homes are 'at the top of the market'
    Hardly anything on the market at the moment so it hasn’t started yet, although it has for the holiday let’s out west and up north after Drakefords latest wonder like policy. The slow death of Pembrokeshire has begun……having been involved in property for 30 years now I was always advised by people with far more knowledge than me to pay off mortgages as soon as possible as things can fluctuate very quickly….had a great piss up about 3 years ago when I paid the last bugger off.

  8. #8

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Claude Blue View Post
    And these ERD funds will in no way be replicated through the "levelling up" monies from this government, despite assurances from brexiteers at the time. More lies that fooled the gullible.

    Good to see Mr. Sunak being honest about how his party do "levelling up" in his speech in Tonbridge Wells today. One can only hope that voters finally wake up to the dishonesty of the Conservative Party although I wont hold my breath.
    It's worth a link this because it really does sum up their attitude

    https://twitter.com/BeardedGenius/st...OdSujVMrEnPvxg

    You'd hope that they never get another vote from a poor or deprived area but turkeys will insist on voting for Christmas

  9. #9

    Re: Interest rates up 0.5%!

    Quote Originally Posted by delmbox View Post
    It's worth a link this because it really does sum up their attitude

    https://twitter.com/BeardedGenius/st...OdSujVMrEnPvxg

    You'd hope that they never get another vote from a poor or deprived area but turkeys will insist on voting for Christmas
    Cheers. I must learn to do links!!

  10. #10

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Colin'sReversibleHat View Post
    The thing that wrecked me most about the breakdown by locales were places like Blaenau Gwent and Merthyr Tydfil voting quite heavily in favour of leaving, you can't drive a couple of hundred yards in Merthyr without passing a European Regional Development Fund plaque! Absolutely mental, talk about biting the hand that feeds
    Yes and Caerphilly centre too, yet they voted leave without a clue who paid for it as seen on sky news at the time….

  11. #11

    Re: Interest rates up 0.5%!

    Quote Originally Posted by goats View Post
    Yes and Caerphilly centre too, yet they voted leave without a clue who paid for it as seen on sky news at the time….
    I spent 8 years driving all over Europe. Every few miles there were signs saying the development was supported with finance from the ERDF. So Blaenau Gwent, Merthyr et al were not the only beneficiaries of European money. However, the money was not European money; it was partly ours. The system worked like this: The Government contributed into the ERDF each year but received far less back from the EU for ERDF projects. Decisions on allocations were made by the EU in consultation with Member States.

    All I know is that the roads and rail links in Europe are far better than those in the UK. It seemed to me that we were getting short changed and when I went to one of the rail tunnel openings (in Benicassim on the main rail link between Valencia and Barcelona) the Mayor welcomed those of us from the UK and jokingly thanked us for our generous contribution..

  12. #12
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    Re: Interest rates up 0.5%!

    Doucas was saying Brexit was the governments fault, I explained no it's the voters which is correct.

  13. #13
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by Colin'sReversibleHat View Post
    https://lordashcroftpolls.com/2016/0...voted-and-why/

    The right mostly voted to leave while the left mostly voted to remain, though I suspect you knew that anyway
    Doucas was saying Brexit was the governments fault, I explained no it's the voters which is correct.

  14. #14

    Re: Interest rates up 0.5%!

    Quote Originally Posted by North Cardiff Blue View Post
    Doucas was saying Brexit was the governments fault, I explained no it's the voters which is correct.
    Who are these Torries that you keep mentioning? Are they involved anywhere

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