EvilScotsman Posted May 18, 2018 Share Posted May 18, 2018 14 minutes ago, Inanimate Carbon Rod said: Ok so we got our mortgage in May 2016 -£900 p/m, in the aftermath of the banking crisis, go to remortgage at the end of fixed term £1000 p/m for the same mortgage, no significant change in interest rates, ask mortgage advisor why, response - ‘lenders are predicting cost of living rise due to impact of brexit and are being stricter with mortgages jumping on the chance to fleece you for more money while blaming something outwith their control'. FTFY, although your point still stands. 3 Quote Link to comment Share on other sites More sharing options...
strichener Posted May 18, 2018 Share Posted May 18, 2018 (edited) 5 hours ago, Inanimate Carbon Rod said: Ok so we got our mortgage in May 2016 -£900 p/m, in the aftermath of the banking crisis, go to remortgage at the end of fixed term £1000 p/m for the same mortgage, no significant change in interest rates, ask mortgage advisor why, response - ‘lenders are predicting cost of living rise due to impact of brexit and are being stricter with mortgages’. Mortgage costs are a direct result of the interest charged on your borrowing and nothing to do with the cost of living. The only way your bill could go up by 11% is you are either borrowing more , paying it off quicker or the interest rate has increased. Edited May 18, 2018 by strichener 0 Quote Link to comment Share on other sites More sharing options...
Inanimate Carbon Rod Posted May 18, 2018 Share Posted May 18, 2018 Mortgage costs are a direct result of the interest charged on your borrowing and nothing to do with the cost of living. The only way your bill could go up by 11% is you are either borrowing more , paying it off quicker or the interest rate has increased. We are borrowing less, its the equivalent term mortgage and the interest rate has only gone up whatever it did between May 2016-May 2018.Im only going on what we’ve been told by the financial advisor that since Brexit result people are finding mortgages more expensive or harder to get. 0 Quote Link to comment Share on other sites More sharing options...
Boghead ranter Posted May 18, 2018 Share Posted May 18, 2018 1 minute ago, Inanimate Carbon Rod said: We are borrowing less, its the equivalent term mortgage and the interest rate has only gone up whatever it did between May 2016-May 2018. Im only going on what we’ve been told by the financial advisor that since Brexit result people are finding mortgages more expensive or harder to get. Harder to get and cost of them are completely separate, unless the applicant feels that they can't afford the repayments. It does sound like your FA is telling you a load of crap. 1 Quote Link to comment Share on other sites More sharing options...
strichener Posted May 18, 2018 Share Posted May 18, 2018 (edited) 6 minutes ago, Inanimate Carbon Rod said: We are borrowing less, its the equivalent term mortgage and the interest rate has only gone up whatever it did between May 2016-May 2018. Im only going on what we’ve been told by the financial advisor that since Brexit result people are finding mortgages more expensive or harder to get. Every 1/4 percent increase in the rate is 20.84 per month onto a £100k mortgage, so even relatively small changes do make a difference. According to the mortgage tables, they are actually easier to get (lower deposits required) now that they were a couple of years ago. I think I even saw that some companies have returned to 100% or even higher LTVs although these often come at the expense of higher interest rates. Probably best to get a different financial advisor. Edited May 18, 2018 by strichener 1 Quote Link to comment Share on other sites More sharing options...
Cerberus Posted May 18, 2018 Share Posted May 18, 2018 These fellas love a bit of Brexit- 0 Quote Link to comment Share on other sites More sharing options...
John Lambies Doos Posted May 18, 2018 Author Share Posted May 18, 2018 Ok so we got our mortgage in May 2016 -£900 p/m, in the aftermath of the banking crisis, go to remortgage at the end of fixed term £1000 p/m for the same mortgage, no significant change in interest rates, ask mortgage advisor why, response - ‘lenders are predicting cost of living rise due to impact of brexit and are being stricter with mortgages’. With all due respect, you're a good poster, what a load of shite mate. You're being taken for a ride... 1 Quote Link to comment Share on other sites More sharing options...
Inanimate Carbon Rod Posted May 18, 2018 Share Posted May 18, 2018 With all due respect, you're a good poster, what a load of shite mate. You're being taken for a ride... I went back to our original lender outwith the advisor off the back of other posters advice, think their explanations are probably fair but still cant get the rate we had!lol. Oh well brexits still shit but i guess its not directly at fault here and ive fallen for sales patter. Happy to accept ive been wrong i guess! 1 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted May 21, 2018 Share Posted May 21, 2018 https://www.theguardian.com/business/2018/may/21/brexit-blamed-for-dramatic-fall-in-uk-business-registrations Brexit blamed for dramatic fall in UK business registrations Collapse is mirrored by tumble in direct foreign investment into Britain of 90% This is all going swimmingly. 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted May 21, 2018 Share Posted May 21, 2018 Helpful info. 0 Quote Link to comment Share on other sites More sharing options...
Cerberus Posted May 21, 2018 Share Posted May 21, 2018 Your average Brexit voter- 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted May 22, 2018 Share Posted May 22, 2018 http://www.politics.co.uk/comment-analysis/2018/05/22/brexit-voting-pensioners-may-come-to-regret-their-choice Brexit-voting pensioners may come to regret their choice 0 Quote Link to comment Share on other sites More sharing options...
Peppino Impastato Posted May 22, 2018 Share Posted May 22, 2018 15 minutes ago, Baxter Parp said: http://www.politics.co.uk/comment-analysis/2018/05/22/brexit-voting-pensioners-may-come-to-regret-their-choice Brexit-voting pensioners may come to regret their choice It's time pensioners actually felt the consequences of the stupidity they inflict on the rest of us by voting Tory no and leave. Stupid b*****ds. 2 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted May 22, 2018 Share Posted May 22, 2018 https://www.theguardian.com/politics/2018/may/22/brexit-vote-cost-uk-mark-carney-bank-of-england Brexit vote has cost each UK household £900, says Mark Carney Bank of England governor says real incomes are significantly lower than forecast *sigh* 0 Quote Link to comment Share on other sites More sharing options...
Benjamin_Nevis Posted May 22, 2018 Share Posted May 22, 2018 http://www.politics.co.uk/comment-analysis/2018/05/22/brexit-voting-pensioners-may-come-to-regret-their-choice Brexit-voting pensioners may come to regret their choice Lol. 0 Quote Link to comment Share on other sites More sharing options...
John Lambies Doos Posted May 23, 2018 Author Share Posted May 23, 2018 Brexit won't happenNap 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted May 23, 2018 Share Posted May 23, 2018 7 hours ago, ancientnoise said: Just on that: Fishing has changed radically over the past few decades and is now the off-shore equivalent in many ways to chicken factories. We can exempt all those wee boats that set out from Crail and so on to catch shellfish. That's what's left. So.. 1) How many fishermen are there? 2) Why is this deemed so important? 1/ Not that many 2/They're very vocal 0 Quote Link to comment Share on other sites More sharing options...
Baxter Parp Posted May 23, 2018 Share Posted May 23, 2018 https://www.businessinsider.de/australia-and-new-zealand-start-trade-talks-with-eu-instead-of-britain-2018-5?r=UK&IR=T Britain left behind as Australia and New Zealand start trade talks with EU instead Beyond farce and out the other side. 0 Quote Link to comment Share on other sites More sharing options...
Cerberus Posted May 23, 2018 Share Posted May 23, 2018 No one gives a f**k about trading with the UK. Rangers levels of delusion from Johnston et al. 3 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted May 23, 2018 Share Posted May 23, 2018 The post Brexit customs system favoured by Boris and his pro-Brexit buddies could cost £20 billion each year; that’s £7 billion more that the UK’s current net contribution. http://www.bbc.com/news/uk-politics-44229606 0 Quote Link to comment Share on other sites More sharing options...
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