READ THIS ARTICLE PLEASE

[bigpaul]

(22 May 2012, 14:06)NorthernRaider Wrote: If they do that it will cripple the UK economy for DECADES, Its the mortgage payers who are holding many of the banks up, if they attack the mortgage payers it will totally destroy all business confidence as people will struggle to pay the extra mortgage costs.

the trouble is, because rates are so low, there is only one way for mortgage rates to go and that is...UP, in the early 70's i was paying 10% on the 1 and only house i ever bought, in 1998 OH was paying 15.8% on hers.