I’ve had a mortgage offer and just waiting for things to fall in place before signing. If I were to ask them to send a new offer after this news, what are the chances I’d get a better offer?
[deleted]
Now before everyone starts to think this is an absolute win, please go and checkout the OOH chart in the link to the CPI data below. Scroll down to figure 7, thats the one that you really want to see as this shows how expensive it is to keep the roof over your head.
Since April 2021 it has done nothing other than go up ! this is chart is directly linked to the biggest payment in most peoples lives and it’s still going up….. that headline figure of 1.7% means jack shit when your rent / mortage is 50% of your take home pay. Everything you buy is still expensive as fuck and has been made smaller / worse.
There are still shit tons of people coming off low interst mortage rates from a few years ago and these all feed into this data.
EDIT – I missed it off by mistake, but the actual rate for OOH is now running at 7.2%…….. 7.2% !!!!!
NatWest have lowered their remortgage deals in case anyone out there is remortgaging at the end of the month.
I think BoE are really behind in their rate cutting. Mortgage defaults are up for the 7th quarter in a row. Ordinary people are struggling and it’s the cost of accommodation, in whatever form, that’s really fucking us.
Someone needs to give the memo to the supermarkets, feels like there’s price rises on food almost every week I go.
Think this shows how beholden to petrol prices we are.
Right so almost everything is double the price it was from 2019 but inflation is “only 1.7%”? I can never understand these stupid figures. In the real world it’s fucking dire out there.
It owner occupier costs are rising 7.1% surely that must mean they only form a very small proportion of the average based if inflation as a whole is only 1.7%.
Is that right?
Waiting for the ‘nah bro the government is lying, [insert very specific item] was £2 last month now it’s £3’ comments.
10 comments
I’ve had a mortgage offer and just waiting for things to fall in place before signing. If I were to ask them to send a new offer after this news, what are the chances I’d get a better offer?
[deleted]
Now before everyone starts to think this is an absolute win, please go and checkout the OOH chart in the link to the CPI data below. Scroll down to figure 7, thats the one that you really want to see as this shows how expensive it is to keep the roof over your head.
Since April 2021 it has done nothing other than go up ! this is chart is directly linked to the biggest payment in most peoples lives and it’s still going up….. that headline figure of 1.7% means jack shit when your rent / mortage is 50% of your take home pay. Everything you buy is still expensive as fuck and has been made smaller / worse.
There are still shit tons of people coming off low interst mortage rates from a few years ago and these all feed into this data.
EDIT – I missed it off by mistake, but the actual rate for OOH is now running at 7.2%…….. 7.2% !!!!!
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/september2024
NatWest have lowered their remortgage deals in case anyone out there is remortgaging at the end of the month.
I think BoE are really behind in their rate cutting. Mortgage defaults are up for the 7th quarter in a row. Ordinary people are struggling and it’s the cost of accommodation, in whatever form, that’s really fucking us.
Someone needs to give the memo to the supermarkets, feels like there’s price rises on food almost every week I go.
Think this shows how beholden to petrol prices we are.
Right so almost everything is double the price it was from 2019 but inflation is “only 1.7%”? I can never understand these stupid figures. In the real world it’s fucking dire out there.
It owner occupier costs are rising 7.1% surely that must mean they only form a very small proportion of the average based if inflation as a whole is only 1.7%.
Is that right?
Waiting for the ‘nah bro the government is lying, [insert very specific item] was £2 last month now it’s £3’ comments.