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Their rates are fixed so rate rises are irrelevant unless the...

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    Their rates are fixed so rate rises are irrelevant unless the borrower is already struggling with a mortgage, if that was the case they shouldn'thave beem able to afford a pl in the first place.

    Also everyone with a mortgage is serviced 2.5 to 3% above the rate they got their loan at. Inflation is the problem, but that hopefully only forces people to spend less, not default.
    Last edited by McKhenry: 12/06/22
 
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