Mortgages

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hippy

It's much more varied now, so you run the risk of being stuck at a higher rate, no?

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sohi in reply to @hippy

Yeah, now it's shit, but it's shit because of the UK system of short mortgages. Other countries
fix for the whole term with a moderate interest rate which protects people from becoming
speculators with a highly leveraged asset.

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hippy in reply to @sohi

"UK is shitter than other places" shocker :D

Which countries fix mortgages for the whole term? Surely that would put banks off actually lending? Then again, maybe it would make only people who could afford mortgages get them (I'm looking at you, sub-prime USA)

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