Prakhonchai Nick
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Most folk in the UK are panicking that they cannot afford their mortgage payments. BoE base rate up to 5%!!!!!!!!
These are the people who took out mortgages in the past 12-15 years when interest rates were very low. They should have had the foresight to realise such low rates would not last forever.
Taken over the past 40-45 years, todays rates are low. Back in the 70's 80's and 90's when I and many other expats here were paying a motgage, rates were more than double todays rates.
Folk have only themselves to blame for not doing their homework! Som Nom Na!
These are the people who took out mortgages in the past 12-15 years when interest rates were very low. They should have had the foresight to realise such low rates would not last forever.
Taken over the past 40-45 years, todays rates are low. Back in the 70's 80's and 90's when I and many other expats here were paying a motgage, rates were more than double todays rates.
Folk have only themselves to blame for not doing their homework! Som Nom Na!
Bank Rate history and data | Bank of England Database
www.bankofengland.co.uk