{"id":137479,"date":"2023-06-22T00:30:46","date_gmt":"2023-06-21T17:30:46","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-mortgages-the-crunch-is-coming-editorial\/"},"modified":"2023-06-22T00:38:35","modified_gmt":"2023-06-21T17:38:35","slug":"the-guardian-view-on-mortgages-the-crunch-is-coming-editorial","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-guardian-view-on-mortgages-the-crunch-is-coming-editorial\/","title":{"rendered":"The Guardian view on mortgages: the crunch is coming | Editorial"},"content":{"rendered":"


\nWestminster is forever blowing property bubbles. What happens when they burst?Last October, the then-chair of the Conservative party, Jake Berry, declared the solution to rising energy prices was simple: \u201cPeople know that when their bills arrive, they can either cut their consumption or they can \u2026 go out there and get that new job.\u201d This week, Mr Berry disclosed his worries about rising mortgage bills, or what he termed \u201cthe mortgage bomb about to go off\u201d, and called on the government to spend many millions in public money to bail out distressed households.Two soaring bills and one Tory MP with two diametrically opposed answers: what could possibly account for the difference? In fairness to Mr Berry, he is hardly the only Conservative alarmed at rocketing mortgage rates, and one doesn\u2019t need Sherlock Holmes to divine why. The politicians most inclined to cite budgetary calculations as the reason for denying hungry children free meals in school holidays are doing hard electoral maths on what it means when 2.4 million households roll off their fixed-rate mortgages just in time for a general election. Continue reading…
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\nSource : theguardian.com
\nRead more…The Guardian view on mortgages: the crunch is coming | Editorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Westminster is forever blowing property bubbles. What happens when they burst?Last October, the then-chair of...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-137479","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zLp","jetpack-related-posts":[{"id":137926,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-rise-impact-will-dwarf-energy-bills-crisis-for-uk-homeowners\/","url_meta":{"origin":137479,"position":0},"title":"Mortgage rise impact \u2018will dwarf energy bills crisis\u2019 for UK homeowners","date":"June 25, 2023","format":false,"excerpt":"\r Tories warned about threat to middle earners as Labour increases lead among mortgage holders and Lib Dems target blue wall areasThe growing mortgage timebomb facing millions of households will \u201cdwarf the energy bill crisis\u201d for many middle earners, ministers are being warned, amid new evidence that Labour is amassing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138723,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-holders-share-your-experience-of-rising-costs\/","url_meta":{"origin":137479,"position":1},"title":"UK mortgage holders: share your experience of rising costs","date":"August 10, 2023","format":false,"excerpt":"\r We would like to hear from people who are struggling with their mortgage payments. Are you facing repossession of your home? Consecutive rises in mortgage rates and the ongoing cost of living crisis has placed a growing burden on UK households.There have been 13 consecutive increases in mortgage interest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-the-balance-with-rates-rising-is-overpaying-your-mortgage-a-good-move\/","url_meta":{"origin":137479,"position":2},"title":"In the balance: with rates rising, is overpaying your mortgage a good move?","date":"July 17, 2023","format":false,"excerpt":"\r Homeowners are desperate to find ways to reduce the bill they face each month, but should any spare cash be put into the home loan, or a savings account? We weigh up the argumentsRising interest rates have pushed mortgage overpayments to their highest levels in more than 20 years\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-still-unaffordable-for-many-people-says-nationwide\/","url_meta":{"origin":137479,"position":3},"title":"UK house prices still unaffordable for many people, says Nationwide","date":"July 1, 2024","format":false,"excerpt":"\r High mortgage interest rates and soaring bills hitting affordability despite wages rising above inflationBusiness live \u2013 latest updatesHouse prices in the UK remain unaffordable for many households despite wages rising above inflation for the typical earner, Nationwide has said.Britain\u2019s largest building society said house prices rose slightly in June\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":73890,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/robert-shiller-tax-bills-mortgage-interest-deduction-cut-wont-affect-home-prices\/","url_meta":{"origin":137479,"position":4},"title":"Robert Shiller: Tax bill's mortgage interest deduction cut won't affect home prices","date":"December 6, 2017","format":false,"excerpt":"\r Robert Shiller shares his views on the Republican tax plan.\r \r Source : cnbc.com\r Read more...Robert Shiller: Tax bill's mortgage interest deduction cut won't affect home prices","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137936,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/theres-a-lot-of-anger-the-mortgage-trap-ensnaring-the-tories-in-their-heartlands\/","url_meta":{"origin":137479,"position":5},"title":"\u2018There\u2019s a lot of anger\u2019: the mortgage trap ensnaring the Tories in their heartlands","date":"June 25, 2023","format":false,"excerpt":"\r In Selby, site of a key byelection, hardship may be opening the door to Labour even in comfortable Conservative North YorkshireStevie Jackson was striding purposefully across Selby\u2019s pretty marketplace on a warm Thursday lunchtime when she heard the news. As she stared down at her phone, her sunny disposition\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137479"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=137479"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137479\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=137479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=137479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=137479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}