Some mortgage deals have been withdrawn by banks and building societies due to volatility in the pound following the government's mini-budget.
The bank said it would "not hesitate" to hike interest rates to curb inflation, after the pound fell to a record low against the US dollar. Overnight, the pound appeared to settle at $1.07. The plans will require a large increase in government borrowing and concerns among investors about the country's ability to repay that debt led to the value of the pound being pushed down. The cost of UK government borrowing also climbed.
The Bank of England said it would make a full assessment as to whether it should change interest rates at its next meeting on 3 November, following speculation it might have intervened earlier.
We have hit rock bottom.
And on BBC 2 just now as an example the ever in touch used a £200.000 mortgage as an example!! A mortgage amount double that available to those on the average wage!!
I hope the gnats are reading this just in case their shorter than short-term memories forgot what Johnson was promising them just a few short months ago...
Has Conservatives become Eastenders or what? There never seems to be any break from the Tory drama From David_Cameron theresa_may BorisJohnson and now trussliz It's been nothing but 12 years of ongoing melodrama Can we catch our breath please? LizTruss NoConfidence
Banks started buying up homes two years ago, so that when the planned destruction of the economy took place, they would be able to rent your home back to you, remember:
Energy crisis dampened!. Ukraine crisis petering out! Government giving WORKERS extra money in their pocket! So welcome to the MSM, particularly BBC's, new project fear! How dare the public start to feel relaxed. Let's hit them with this crap. Should be ashamed of yourselves!!
Vv