Business UK
Mortgage rates ‘causing PAIN’ for younger couples as interest reaches 6.01%
GB News’ Economics and Business Editor Liam Halligan discusses the latest mortgage rates as they rise to 6.01%.
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BREAKING: Donald Trump answers questions at G7 Summit and hits back at “the dumbest deal” he’s ever seen.
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Beat the system with TallyMoney. Gold you can spend. Discover more by clicking here: https://tinyurl.com/tallymoney #ad The …
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Business UK
‘Kremlin propaganda’ | Starmer BLASTED for ‘rolling over’ to Russia after Channel firing incident
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‘Starmer has just rolled over and had his belly tickled by the big Vlad.’
GB News Presenter Patrick Christys blasts Keir Starmer’s government for its response to a retired couple who came under Russian fire in the Channel, after the pair claimed the Ministry of Defence had shut down their story.
#ukpolitics #defence #labour #keirstarmer #russia #gbnews
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GB News’ Chris Hope can confirm that Keir Starmer was NOT snubbed by President Trump at the G7 Summit, despite multiple reports and photographs suggesting otherwise.
Hope relayed that Sir Keir Starmer and Trump were seated next to each other at last night’s dinner and during a two-hour session.
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BREAKING: Watch as AL Carns delivers a ruthless speech about his resignation to The House Of Commons.
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@cashkitty3472
January 1, 2024 at 9:43 pm
You don't pay tax on £7400 you get from a lodger in a year so you can already do that
@louisbassamson9198
January 1, 2024 at 9:43 pm
We needed edit crazy crash houses market it went far far than we think it's only criminal Greediness of the banks and landlord robberies become aware of this mafia market 100 million and 170 million for a flat in 1 one and everywhere minimum house 700 to 1 million pounds it's crazy leta it crash houses market. you want people to get back to work, u need to crash houses i our salary, not enough for rent. we don't live in proper property. We share a house every single house in London become bad and breakfast hotel what the hell is that no body paying tax on rental lettings room sharing in houses or you have to increase the price of salary to 50 pound an hour yes this is the reality in London it's nothing we can't afford to have proper Ceiling Above our had it's crazy crash crash crash! Yes
@louisbassamson9198
January 1, 2024 at 9:43 pm
3to 500 5:50 extra a month it's nothing
@louisbassamson9198
January 1, 2024 at 9:43 pm
Can you please tell me where the prices of going to minimum house in 1 million pounds the house prices went farfar and far end we can't afford to rent Proper property for me and my kids the rent went up Thousand percent let the houses prices market to crash we need crazy crash houses market its went 1 million percent it's not ture it's crazy
@shirleyswaine4701
January 1, 2024 at 9:43 pm
6.01% – shock horror! – Try the 15.9% mortgage rate of the early 1980's, when there was NO personal allowance and basic income tax was over 30%.
@derekwhyle1884
January 1, 2024 at 9:43 pm
Successive governments have exploited, and encouraged, a runaway housing market. Stamp duty holidays, unwarranted low interest rates and B of E monetary policy have all contributed to an out of control market that encouraged speculators. It’s time for capital gains tax on property sales.
@jenkins09031983
January 1, 2024 at 9:43 pm
All this inflation is because of the government and corporations lining each other's pockets it's a disgrace There goes my mortgage
@stevec6232
January 1, 2024 at 9:43 pm
We are all screwed thanks to Tories
@romelmadray6706
January 1, 2024 at 9:43 pm
Life is pain
@jamiekenleyuk
January 1, 2024 at 9:43 pm
This is how they milk a generation of sheep. Get them to overleverage on houses, cars and credit cards to keep up with the jones.
Then boom, milk them until they die. Its sad, but true. Goos luck. Mortgages are not a problem for anyone. Overleveraging is.
@Rebellion1
January 1, 2024 at 9:43 pm
That’s what happens keeping up with the Jones’s
@davideunbekannt7726
January 1, 2024 at 9:43 pm
Get rid of all the imports legal and illegal and British youngsters would stand a chance
@lylejohnston4125
January 1, 2024 at 9:43 pm
6% is the rate I got my loan at and still paid it off in 10 years, by myself, with job where they cut everyone,s wages by about 20%. But, that's OK, the company owner went around showing everybody a picture of the million dollars worth of rock he had put on the front of his house with our wages that he didn't pay us.
@Gods_Real
January 1, 2024 at 9:43 pm
Just sell drugs and steal other peoples money like the terrorist governments do. 😆 Seriously fu** any side or one you pick idiots. Fu*** liars gonna lie, and idiots and young, impressionable kids will believe them. So glad I'm not a teacher too. AKA kid diddlers and groomers. Pick a religion too. All guilty. Isn't war fun.
@johnpublic168
January 1, 2024 at 9:43 pm
5 percent looks bad, but regan 16% when i bought my first house.
@erdevon3257
January 1, 2024 at 9:43 pm
Perhaps now people are realising that the house they got a mortgage for wasnt actually affordable. Big rise in repossessions coming and companies will snap them up to rent to serco to fill with all the immigrants🤢
@tm89ufu51
January 1, 2024 at 9:43 pm
Pain for younger couples over mortgage rates?? When we were "young couples" the rates were 18 to 21% on mortgages. These reporters are into sensation.
@derf9465
January 1, 2024 at 9:43 pm
When i bought a few years ago i asked my mortgage advisor what repayments would be fron the uk average of 8% to 12% and beyond . She informed me, she had hardly been asked that. It meant that i only took a smaller amount , not the full amount. But now i can afford silly rate rises and keep the roof over my head.
@derf9465
January 1, 2024 at 9:43 pm
How did people in the 80's get mortgages will silly rates in double figures?
@jaaguitar
January 1, 2024 at 9:43 pm
Exaggerating a bit. Like nobody knows the rates will change.
@ibidi9710
January 1, 2024 at 9:43 pm
Funny how the raise in mortgage interest rates has gone electric since the restrictions on Banker's Bonuses was removed. Funny that..
@mikedennington8856
January 1, 2024 at 9:43 pm
In 1989 I was paying 960 a month mortgage with an income of 980 net……I took a lodger and of course did not declare it why the hell should I, my rate was 18%. It was not about the value of the house and the mortgage it was about the salary I had, salaries now are MUCH higher, hence they should be able to afford the higher payments, why can't they?
@christopherhall-xj9nf
January 1, 2024 at 9:43 pm
At least they got one!🤷♂️i can’t even get a council place🤦♂️
@chrishammond7079
January 1, 2024 at 9:43 pm
The days of cheap money are over if you decided to over committed your borrowing to buy a house outside your budget , did you not realise that interest rates would rise at some point in the future.
You can not expect the government to prop you up with mortgage support consider financial discipline
@oilyrag7429
January 1, 2024 at 9:43 pm
The great reset is in full effect and the banks and governments are coming for your homes fact! Wake up everybody we are being robbed!.
@johnfkennedy261
January 1, 2024 at 9:43 pm
Lost the plot completely I thought Peter baker & co was as bad as it could get then we got today's economic managers
@flourishdietitian
January 1, 2024 at 9:43 pm
O I pay 10,5% on my mortgage here in South Africa.
@80sknightrider
January 1, 2024 at 9:43 pm
This is what happens when you waste billions and print money. The hidden tax called inflation that decimates the poor and destroys the middle class. Joke
@valleysofneptune
January 1, 2024 at 9:43 pm
Head of BoE needs sacking, totally inept . Supply side inflation will not come down by taxing consumers …basic economics. They caused inflation by pumping over 400 billion into the uk economy over Covid, any economist will tell you this causes inflation…..this was done by design to push up interest rates and make banks lots of money…..no wonder they’ve been slow to pass on interest rates to savers
@paulb3243
January 1, 2024 at 9:43 pm
"Couples"?! Now half that income and add 25% back to all of your costs, be straight, white, male, a tax payer and childless – yeah we in last place…
@dfluke3698
January 1, 2024 at 9:43 pm
Did these house buyers ever think that that interest rates would stay near enough zero for ever !!!!!!! ???????
@matthewcook9404
January 1, 2024 at 9:43 pm
The next election is the opportunity for all young people to send a clear message that they’ve had enough of the disastrous, financially incompetent, economic disaster that the last 13 years of Jeremy Corbyn led government have inflicted on the nation. Oh. Hang on ……
@coldworld5
January 1, 2024 at 9:43 pm
Pain for younger couple and growing families like me who have outgrown our current house but can’t move because the money we will make on our house still doesn’t give us enough deposit to outweigh the mortgage payment hikes.
@bigpants6121
January 1, 2024 at 9:43 pm
11 months in a row with increases. Something is wrong with this country.
@connormcleod9595
January 1, 2024 at 9:43 pm
No sympathy. Happy to get 10-20% gains, now crying things are going the other way.
@glakiteejit1718
January 1, 2024 at 9:43 pm
Young couples?!! Wtf it affects anyone who has a mortgage !!
I am sick and tired of the constant this group that group !!!
How about everyone !!
@user-ub4pl6tz2e
January 1, 2024 at 9:43 pm
I don't have a mortgage
Last 19 years
I have a mortgage now
Council tax😂
But seriously it true
No wonder UK sinking like the Titanic
Street wise TAL………
@theresadoll5374
January 1, 2024 at 9:43 pm
It’s not the percentage that’s the problem … my first mortgage was at 11.75% back in late ‘80s. It’s the amount of the principal borrowed that’s the real issue! Anyone could afford 6% if borrowing £50,000 – but if borrowing £500,000 … sheesh. Strap in everyone.
@user-ub4pl6tz2e
January 1, 2024 at 9:43 pm
Very odd…..
Banks didn't want to give you morgage when it was almost 0 percent
Last 14 years
I remember Bank was asking me back then
How many coffee you drink a week
Part of expenses buget
Any way I was given my house morgage
Today 6 percent interest rates
I need more than coffee
Alcohol I think…..😂
But seriously
Government spend billions billions billions
COVID
Government wants their money back
Every penny
Street wise TAL……
@MariAnKenobi
January 1, 2024 at 9:43 pm
My parents were paying 24% in the 80s. People forget how bad it can really get.