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    o that if they encountered a worst case scenario they could use the increased value as leverage to gain another loan. The increased interest rate is also forcing people to use more an
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    The saying “stuck between a rock and a hard place” is really apt when looking at the situation of people who bought their first home in the last while. The interest rates increased since the purchase which piles additional pressure on them. In addition to that, many people are coming to the end of the fixed rate period of their initial loan and it is at this point that many people would look around to find more favourable deals. They’re out of luck because in the space of a week lenders have altered their rates noticeably. The lenders have also largely eliminated fixed rate loans and mortgages if they have not increased the rates of those options.

    Currently homeowners could rely on the value of their home increasing so that if they encountered a worst case scenario they could use the increased value as leverage to gain another loan. The increased interest rate is also forcing people to use more and

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    nce the purchase which piles additional pressure on them. In addition to that, many people are coming to the end of the fixed rate period of their initial loan and it is at this point that many people would look around to find more favourable deals. They’re out of luck because in the space of a week lenders have altered their rates noticeably. The lenders have also largely eliminated fixed rate loans and mortgages if they have not increased the rates of those options.

    Currently homeowners could rely on the value of their home increasing so that if they encountered a worst case scenario they could use the increased value as leverage to gain another loan. The increased interest rate is also forcing people to use more an

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    that many people would look around to find more favourable deals. They’re out of luck because in the space of a week lenders have altered their rates noticeably. The lenders have also largely eliminated fixed rate loans and mortgages if they have not increased the rates of those options.

    Currently homeowners could rely on the value of their home increasing so that if they encountered a worst case scenario they could use the increased value as leverage to gain another loan. The increased interest rate is also forcing people to use more an

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    largely eliminated fixed rate loans and mortgages if they have not increased the rates of those options.

    Currently homeowners could rely on the value of their home increasing so that if they encountered a worst case scenario they could use the increased value as leverage to gain another loan. The increased interest rate is also forcing people to use more an

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    o that if they encountered a worst case scenario they could use the increased value as leverage to gain another loan. The increased interest rate is also forcing people to use more and more of their income to pay off their loan. This is an extremely dangerous situation for those people who borrowed high multiples of their salary in order to purchase their home in the first place. This has left many of them in a position where they have no additional resources to help tide them over if rates increase again. For many of the people who are in that position, fixed rates were haled as their saviour.

    This is unfortunately no longer the case as the extreme demand for those types of loans has lead to a major increase in the rates. Many people who would be looking for an alternative in the near future when their current fixed rate period expires will find far higher rates than before. The market for loans i

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