Thread: housing crash 'could happen'
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Old 24-05-2004, 09:04   #4
Scarlett
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Re: housing crash 'could happen'
What I'm concerned about here is the proposed 'cure'.

The repayment figures quoted for a 80k mortgage are to go from £200 odd quid / month to £700 Go knows what that's going to do to my 106k mortgage (although not for another 2.5 years due to taking out a fixed rate mortgage

I hate to be the cynical one here but what's being proposed is a hike in the money that you pay to the banks for the money that you borrowed. There is no increase in the level of serveice or ANY benefit to yourself but your paying an extra £500 each month (going on the values provided) to you mortgage provided, And who's giving this advice ?
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