BoE's interest rate is to rise to 5.25%! This is shocking! I look like a complete an utter idiot, 'cause I thought the BBC was saying they'd hit 5.25 in February. OMG, what a shock!
If you can't afford the loan then would you take it out? No.
If you can't afford the loan if interests rates rose 1% ... forget the recent 0.75% ... then ask yourself how likely it is that rates will rise by 1% AND DON'T TAKE THE LOAN OUT!
One word: flagged.
(Oh yeah, bought a house on the coast? DON'T F~CKIN' MOAN WHEN SEA LEVELS RISE!)
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What's the catsfather been doing?