Mortgage problems - all Browns fault? - fixed rate mortgage trends
I understand that G Brown has always been very interested in fixed rate and put much effort in promoting it.
In the past, a standard variable rate mortgages move with lenders, and probably never to their homes when they moved.
Now the trend mortgage fixed "G" Browns "(but is only a couple of years, determined with the economic rate at the end of the contract) means that millions of people new mortgage a few years together on the next agreement.
And this is mortgage refinancing, which looks like a complete game - no one can know the financial situation is triggered if the remortgage is required - if it is a credit crisis when it strikes, then met, because none give a new mortgage. ..
Is not that the fundamental problems that are about to strike?
Monday, January 11, 2010
Fixed Rate Mortgage Trends Mortgage Problems - All Browns Fault?
6 comments:
Mortgage Brown has a keen interest in long-term (25 years) states, so that a relatively smooth profile shown in payments and allow people to know what you have found every year. The recent tendency to catch, people with low fixed interest rate, to is the increase in variable interest rates after a short time (2 or 3 years) Conversely, an invention of the credit industry and achieved only if they ask, can the money borrowed cheaply in an others. The short time works well for the banks, because it means to be rid of them after two years received if his client is not a big or rely on you to be lazy and still high variable.
What the bet, he must plan for higher interest rates if you have a short-term, should you pay in a position anymore. If not, then you have a real problem. I must say that there are a lot of mortgages that are good, but we must ensure absolutely clean now that lenders assume that any risks in this.
The real problem is that the banks are happy to lend you an umbrella when the sun shines, but when it starts to rain later. Thereceive the same banks that are billions of credit, we are desperate to cut the grass now a little difficult. While progress RBS rights issue seen good news.
You own your own money, G Brown has given people a choice if you choose the option that is at your own risk or with poor advice?
Rescheduling Y? Speak with your mortgage company.
Was it greed that people are attracted to the oblique plane to? No one has to do something to no one.
Credit Crunch! We can speak of a recession, because they live does not give credit, if people choose to credit, while you win effort.
Baseline = If you do not have the credit.
Do not miss the problem.
You own your own money, G Brown has given people a choice if you choose the option that is at your own risk or with poor advice?
Rescheduling Y? Speak with your mortgage company.
Was it greed that people are attracted to the oblique plane to? No one has to do something to no one.
Credit Crunch! We can speak of a recession, because they live does not give credit, if people choose to credit, while you win effort.
Baseline = If you do not have the credit.
Do not miss the problem.
You own your own money, G Brown has given people a choice if you choose the option that is at your own risk or with poor advice?
Rescheduling Y? Speak with your mortgage company.
Was it greed that people are attracted to the oblique plane to? No one has to do something to no one.
Credit Crunch! We can speak of a recession, because they live does not give credit, if people choose to credit, while you win effort.
Baseline = If you do not have the credit.
Do not miss the problem.
My understanding is that people always tend to mortgage every five years, instead of with the same lender throughout their lives.
My understanding is that people always tend to mortgage every five years, instead of with the same lender throughout their lives.
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