Absolutely superb resources! Revising for my Unit 11 GCSE mock exam on Monday. Really finding this useful, thanks!
Thanks Declan; if only all my students were as appreciative of the website as you!
All the best for the mock exam!
Interest Rates have remained at 0.5% since that huge decrease from 5% when reccession was declared. However, things are going to change. These interest rates are going to rise again making people who have variable rate mortgages/loans will find it hard to pay the money back and it is enough to push them over the edge. If your a saver however this is good as you get more for your money.People will now need to plan ahead because unexpected payments can arise. People think that it wont affect them but the average mortgage payments will rise by at least £80. This could be someones weekly shop.If you have a tracker mortgage your repayments are likely to double. 47% would struggle if mortgage repayments went up.It is expected that the interest rate is to rise by 3% by 2018. I also recommend that people get fixed rate mortgages even though they are expensive you never face uncertainty about what you are paying.
Very useful insights Eden; well done!
Interest rates are expected to rise but there are no guarantees when and by how much - we will have to wait for The Monetary Policy Committee to decide!
Over the edge!? Hopefully homeowners and borrowers will be financially capable and prepare in advance for future rises in mortgage/loan repayments!
Hi, can you help me understand a structure I can use for the 12 mark questions and ways in which I can get good marks on it? Thanks
I have produced in-depth notes and examples on how to tackle the extended questions on this website.
Click on my name and it takes you to the page on my website for this!
As someone taking the GSCE externally with no lessons, seriously, thanks Mr Tarn. I was freaking out a bit before I found all these revision resources. You're cool.
Share ideas, questions and advice... just click on add comment!