Hehe...

This country is going down!! Sooner or later people are going to pay the price for all their wreckless overborrowing on mortgages etc, and everyone will realise how weak our economy really is.

I still say it will be 6.00% by the end of the year.



BBC News Report

it will probably be matty, thank god i'm on a fixed rate for 2 yrs

Yeah man, you got your head screwed on. I bet your glad its a fixed rate now, even if it is only for a couple of years, every penny is better in your pocket then the banks!

aint that the truth dude !

Just listening to a financial and markets analyst atm and it sounds like the industry are predicting a further interest rise is imminent before the end of the year.

Also, interestingly, the London housing market has seen the first drop in average prices in over a decade.

It's only 0.1% drop, but its significant because the rest of the country will follow.

Also, given all the recent problems within the markets, and the UK housing market seemingly going to hit 6.00% base rates and the fact that it looks like house prices are starting to drop because the market in general is slowing down fast, he said the general feeling within the industry is that a recession isnt too far away, maybe 3 - 4 years...

I really hope so tbh, cant wait lol