The Woodlock Line

[duncan1_9_8_4]

Another nice day, so quite a few trains out and about on the railway!

 

[duncan1_9_8_4]

 

[duncan1_9_8_4]

 

[duncan1_9_8_4]

Another glorious day, clear my head with a few trains running around after being on the phone all morning to get a new fixed rate mortgage.

 

[viaEstrecha]

Another glorious day, clear my head with a few trains running around after being on the phone all morning to get a new fixed rate mortgage.
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Looking marvellous, though don't tire yourself too much or you'll need another holiday

 

[duncan1_9_8_4]

Looking marvellous, though don't tire yourself too much or you'll need another holiday

Nothing till October now Going to give Armenia a go.

 

[Rhinochugger]

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A quick loco swap - you don't get that one past me

 

[Rhinochugger]

Another glorious day, clear my head with a few trains running around after being on the phone all morning to get a new fixed rate mortgage.
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Our daughter is having to do the same (re-mortgage) and it's going to be painful - she's been on a bit of keen deal for the last few years

 

[duncan1_9_8_4]

Our daughter is having to do the same (re-mortgage) and it's going to be painful - she's been on a bit of keen deal for the last few years

Yeah, we've been on 1.6% fixed for the last 5 years. Now it's 5% ISH. Not helped by our orange friend over the pond......

 

[Rhinochugger]

Yeah, we've been on 1.6% fixed for the last 5 years. Now it's 5% ISH. Not helped by our orange friend over the pond......

He's not the main problem here. Two of my three children were buying property in the year after the pandemic, and I told them then to leave financial headroom with their mortgage arrangements as inflation was coming down the track.

Three big causes:

• Quantative Easing by the BoE and other international banks after the credit crunch.
• Support measures taken by our government (in common with many others) during the Pandemic/lockdowns.
• Ukraine conflict and our reliance on imported oil and especially gas.

The current fuel price fluctuations haven't really impacted hard on the BoE decisions on domestic interest rates - may have restricted movement a little, and may have made lenders a bit jittery, but not the main cause of your hike.