Comments on: Repossessions on the increase http://www.debtnation.co.uk/blog/debt-news/repossessions-on-the-increase/ Tue, 06 Jan 2009 03:59:39 +0000 http://wordpress.org/?v=2.5.1 By: Tony http://www.debtnation.co.uk/blog/debt-news/repossessions-on-the-increase/#comment-4456 Tony Mon, 16 Jul 2007 20:04:21 +0000 http://www.debtnation.co.uk/debt-news/repossessions-on-the-increase/#comment-4456 To say we have a problem with repossessions is only the tip of the iceburg. The real problem is the continued increase in house prices and the increase in the bank of England base rate meaning that for many some time soon something is going to snap. Many people are already bending over backwards to get onto the property ladder and are facing increased monthly payments as the interest rates go up. At the end if this year, the first of the fixed rate mortgages from two years ago ends and with many coming out of the fixed period into an economy with a much higher base rate could add hundreds to our mortgage repayments, this could spell disaster for many who simply wont be able to afford to keep up. I think it is wise to try and get as many debts in order before the end of the year when another rate increase is expected. I have a website designed to help like minded people get debt advice. <a href="http://www.atozofhairloss.com/debtAdvice" rel="nofollow">My debt advice website</a> To say we have a problem with repossessions is only the tip of the iceburg.
The real problem is the continued increase in house prices and the increase in the bank of England base rate meaning that for many some time soon something is going to snap.
Many people are already bending over backwards to get onto the property ladder and are facing increased monthly payments as the interest rates go up.
At the end if this year, the first of the fixed rate mortgages from two years ago ends and with many coming out of the fixed period into an economy with a much higher base rate could add hundreds to our mortgage repayments, this could spell disaster for many who simply wont be able to afford to keep up.
I think it is wise to try and get as many debts in order before the end of the year when another rate increase is expected.
I have a website designed to help like minded people get debt advice.

My debt advice website

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