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Correct me if I'm wrong and I'm just looking at facts .
The difference in between saver rate and mortgage lending is around 4p in the pound . At the moment Lloyds are cashing in on this gap . So impairment on mortgages . if you can not pay your mortgage the option might be, the bank to extend the term ( bank still has the deeds) or foreclose . So if some one forecloses i would assume the bank will either put it up for sale and get there money back or rent it out. We know Lloyds are into the rental market so to me Lloyds are in a no loose situation regarding mortgage impairments . I my self would not like to see banks take back the house as more profit at the moment , with the interest rate going up there more profit to be made . So to sum up LLoyds can have all the apple instead of a bite !!!!!
Cornsland : you feel sorry for your daughters with mortgages at the current rate . Ummm i was paying 13% back in the days and had to cut back to pay . 80% of my pay went on the mortgage yes its hard but many of us remember the period. don't fret you can give them your dividend this year as i thinking its going to be a bumper may be 3p overall
Hard up yes but look historically and you will see it raised the intrim and like i said Lloyds will make a sheeeeeeet load of cash from the interest hike and even if they have to foreclose on a few (god for bid ) it still leaves the asset to sell off . im just waiting to cash in on iag share then pumping it into lloyds before ex dividate aug