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Makes a ?2.50 difference to me, but how does it effect you? And how would another few rises, say going up to 6% effect you?

Just interested really as I saw the BBC rporting people are going to have to lose their homes and I don't see how a 0.25% rise can hit them that hard, they must have over stretched in the first place? (Although they have gone up 0.75% in 6 months).

So what does the rise mean to you? Apparently ?16 extra for every ?100,000 owed.
 

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In the short term I am better off, in the long term if they keep rising and the economy collapses then, yup I will be affected.
 

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Not affected me, apart from my drinking habit, means I'll be 2 bottles of magners worse off a month, wow !
 

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Zero...also on a fixed deal.
Just interested really as I saw the BBC rporting people are going to have to lose their homes and I don't see how a 0.25% rise can hit them that hard
Typical media spin.?
 

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So what does the rise mean to you? Apparently ?16 extra for every ?100,000 owed.
Seeing as you posted this I'm not going to say, not letting you all work out what my mortgage is[;)]

Oh hang on fixed until next april so nothing [:D]

J.
 

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Fixed till 2008 but would have been an extra ?1.97 a month.As graeme said, cant see how the increase would break anyone pocket.
 
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