Business UK
Mortgage owners could see annual increase of £588 | Sally Mitchell explains more
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Martin Daubney | Monday 13th July
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France holds annual Bastille Day parade with different military regiments with foreign troops included. President Emmanuel Macron has invited leaders from The Coalition of The Willing to watch parade.
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@erdevon3257
January 6, 2024 at 4:53 am
Find it amusing when average person claims to have "made money" from house price rises or claim to "own" a house when they have a mortgage
@edenbreckhouse
January 6, 2024 at 4:53 am
Gosh, you mean rates can go up and down?
@jawatazi5054
January 6, 2024 at 4:53 am
mortgage interest is fraud on the people we should all stop paying it .including some taxes
@danielxu9
January 6, 2024 at 4:53 am
You women of the house
It’s your time to shine. Time to stand up and fight the good fight for your country!
Judges 4. The whole house was ran to the ground by men and there is one woman standing in front of the coward.
@lumpyfishgravy
January 6, 2024 at 4:53 am
Historically, 4% is on the low side.
@michaelplank8966
January 6, 2024 at 4:53 am
There can't afford it just to many people disaster
@sutty8526
January 6, 2024 at 4:53 am
Still in a better position then private rents
@aerotus888
January 6, 2024 at 4:53 am
Why aren't my saving rates going up anywhere near as fast? Why????
@saberbo89
January 6, 2024 at 4:53 am
Mature British white women are beautiful.
@bobcatbanzai275
January 6, 2024 at 4:53 am
Try having a mortgage when we had to pay upwards of 13/14 percent. Easy money for too long and now will have to pay that price.
@graememackay1152
January 6, 2024 at 4:53 am
Anyone in a position to have a mortgage should be intelligent enough to know that interest rates go up and down. People have to take responsibility for themselves and decisions they make. If these people had agreed to a fixed rate 2 years ago they'd be fine now. I didn't hear them complaining when interest rates were 0.5% and they were paying very little. Nothing lasts forever and you can't expect a bailout just because you've made a bad choice.
@bbbf09
January 6, 2024 at 4:53 am
Well done Liz Truss, well done Tories. 12 years and we got here.
Probably the donkeys that makeup British electrorate will continue to support you for next election though.
@sparkz56
January 6, 2024 at 4:53 am
I think house owners have had it lucky these last 10 years. Money has been too cheap and it's encouraged people to borrow beyond their means. At no time in the past have we had a period like we have in the last 10 years or so. These sort of rates we are getting now are what I would call back to normal.
@simplyme2299
January 6, 2024 at 4:53 am
My mortgage is going up £2,400 a year.
@firstknight6057
January 6, 2024 at 4:53 am
Banks and building societies are coining it in charging 2/3% above the base rate……all part of the “you’ll own nothing and be happy” agenda
@stevejwilliams61
January 6, 2024 at 4:53 am
What's the all the fuss, Mortgage rates are historically still very low.
@terryj50
January 6, 2024 at 4:53 am
Issue here is the rates should never of gone to 0 in the first place. It forced people to borrow beyond their means, whoever thought the rates were never going to go back up are stupid, you really only should borrow what you can afford to many people borrowed to the top of what they could afford.
@andys1333
January 6, 2024 at 4:53 am
This increase is great news, we'll all be feeling richer now! Oh sorry, I forgot, it's only an increase in the price of the house we cheer on, all other price rises are bad, I still struggle with that one.
@best7best711
January 6, 2024 at 4:53 am
I wonder how many of these people voted for the worst and least talented government in our history???? 12 chaotic and shambolic years….embarrassing
@middleman9183
January 6, 2024 at 4:53 am
No sympathy from me. 4% is a 'normal' rate of interest – money's been far too cheap for too long.
@francescostello1377
January 6, 2024 at 4:53 am
Seems the agenda is going nicely, you will own nothing and be happy,. Increased unaffordable energy, food etc, costs all engineered of course, now it's your homes? Time to wake up and smell the coffee, MSM, GB won't delve into the real causes fgs. As for the banking sector?
The corrupt Global central banking system has been on a cliff edge since the Bank heist of 2008, never recovered, followed by decades of printing worthless fiat money to cover the cracks, which is now unsustainable, a perfect time to collapse the lot, and have a one nation Digital banking system.
@naxis5000
January 6, 2024 at 4:53 am
Financial Education – Everything I see shows that the UK must introduce financial education in schools. The whole thing could be created as a computer program to avoid teacher meddling.
As example: I have seen multiple people increase their mortgages to buy new cars and have a nice holiday….and are playing the victim now interest rates have gone up.
While we are at it, perhaps 'success' should be taught as a subject? What success can be? How success is normally multifaceted. What getting good grades might mean for your future? The influence of obesity of success? What might dressing for success mean? Being an entrepreneur. Owning property, etc.
Probably 'Financial Education and Success' should be a combined subject.
@paulslater9061
January 6, 2024 at 4:53 am
How are they justifying it it's rubbing salt in the wound as far as I can see
@chrisosullivan6965
January 6, 2024 at 4:53 am
Just to illustrate how dumb the media are….
The "owners" of the mortgage are the banks…
If the borrowers owned the mortgage they'd be making payments to themselves…
The bank owns the mortgage, hence they own your house, and your soul..
@thetruth1167
January 6, 2024 at 4:53 am
It's only going to get worse and worse for mortgages
@angrybrit129
January 6, 2024 at 4:53 am
Fantastic news for all these middle class kids buying multiple properties and air BnB and splitting them into multi occupancy disgrace
@TheWiseJames
January 6, 2024 at 4:53 am
This is what happens with an aporophobic government and politicians with aporophobia
@nobodybelievesme
January 6, 2024 at 4:53 am
Been there and done that and survived. But then took on a ortgage we could survive. Our budget planned for higher interest rates. This generation are simpy having to learn a lesson about budgeting
@johnburrows3385
January 6, 2024 at 4:53 am
An arsehole decision from the Bof E that'll force yet more into foodbank useage. Once again the wealthy will benefit…….which is a bit of a theme, especially since the Covid debacle.
@jonathanpaske2739
January 6, 2024 at 4:53 am
I'm in the opposite corner I've had nothing to reward me for saving for over 10yrs because money has been so cheap. Now for looking after my money I am finally getting a decent interest rate
@happyslappy5203
January 6, 2024 at 4:53 am
"England has the smallest average home in Europe. "New research from Cambridge University has found that the UK has the smallest homes by floor space area of any European country." ..
"Switzerland and the UK have more expensive housing than other European countries according to Eurostat." Housing in the UK was 56.5% higher than the EU's average." Overpriced rabbit huts.. what's not to like? 🐰🛖
@2aph0d_b33blebr0x
January 6, 2024 at 4:53 am
Incompetent BOE and Chancellor.
@deco2132
January 6, 2024 at 4:53 am
This is called boohoo cry me a river – people have been enjoying record low interest rates for a decade – now they are getting what the interest rate should be. My parents were paying 10% on their mortgage working multiple jobs, as did most during those times – people these days expect everything for nothing – terrible attitudes.
@ballshippin3809
January 6, 2024 at 4:53 am
At least we can still eat ze bugs when we own nothing. And be happy