18-01-15, 11:48 AM
Hi paul .....yep , I think the rise in interest rates is coming soon, I remember when I took out my first mortage I was offered a lot more than I needed, was buying a one bedroom flat for £40,000, had a £6000 deposit so only needed £34,000.....bit different back then. :rolleyes.......building society offered me something like £60,000, based on my earnings, I knew that was way over the top and would struggle with the repayments whilst having a good standard of living....banks are out to make as much money as possible with no thought to the well being of the customer, they are still going to rake in the interest whatever happens, and who pays thd bailiffs ........ yep.another one for the customer.......end of the day, whatever you borrow you've got to pay back, dont live deyond your needs......
One, is never going to be enough.....