Clock ticking for low interest rate time bomb

UK Council of Mortgage Lenders (CML) say repossessions have shrunk by 25% year on year. However mortgage largue that mass repossessions are a disaster waiting to happen.

According to statistics released from the CML today, the number of repossessions was 9,800, down from 10,600 in the previous quarter and 13,200 in the first quarter of 2009. Also there was a reported reduction in the overall arrears numbers.

However, mortgage experts fear that low interest rates may be masking a future problem and artificially making mortgages more affordable for beleaguered borrowers.

During the boom times many mortgages were granted from specialist lenders with cheap fixed rates for a limited period to borrowers with a poor credit history or were self employed. The rates after the fixed period were very high, although recently they have been forced down by low interest rates.

Experts argue that these kinds of mortgages are now a ticking time bomb as when normal market conditions resume these mortgages will double in interest rate overnight, in many cases to over 10% interest rates.

Mortgage Expert, Chris Gardner, of UK mortgage and property website Obligo.co.uk said “these types of deals are at rates today that are much lower than they would be under normal market conditions. Borrowers have found themselves with mortgages that are artificially affordable. When rates begin to raise the effect will be disastrous”

Obligo.co.uk calculates that the average £150,000 interest only mortgage for these types of mortgage will increase £625 per month to over £1250 per month.

Gardner went on “Clearly when rates rise back to pre-recession levels these borrowers will struggle to pay and many will get into arrears, and sadly then on to repossession. The problem is compounded by the fact that these self same borrowers cannot remortgage to cheaper deals with other lenders – the lending rules are now so tight for these kinds of borrowers that they now effectively mortgage prisoners – trapped in high rate loans they cannot afford”

Consumers who find themselves in trouble with a mortgage are urged to try renegotiate the terms with their existing lender if possible. In some instances lenders may reduce penalties and exit charges and in some cases have reportedly even paid borrowers to go elsewhere. If direct action with your mortgage lender fails find a reputatable broker and see what can be done. According to Obligo, even in the current market there are lenders who will listen if the loan to value and circumstances are right.

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Coping With Low Libido Using Male Sexual Enhancement

One thing that comes with men growing older is that they mostly experience decreased sex drive. So to cope, they look for sexual enhancement. But does low libido really come with age?

Not all the time. More and more studies pertaining to aging men are stating that low libido are results of physical and emotional wear and stress, particularly feelings of depression, guilt and insecurity. Stress is pointed the leading culprit by men opting for natural male enhancement products, while depression follows too close. Both stress and depression mostly lowers men’s interest in sex, or their partners, as they age; for them, the sexual enhancement intervention would most likely solve the problem.

For others, it is the physical factor that leads them to search for male enhancement products, exercises and techniques to cope with the decrease of sex drive. It could be too much work that is taking its toll physically, particularly for men in heavy physical labor for years, and for those who are swamped with supervisory and managerial responsibilities. So they opt for sexual enhancement opportunities to cope with physical tiredness.

It is a fact that as a man sees another ten years of their lives, over 10% of their testosterone is diminished. This group of men suffering from the male form of menopause would opt for sexual enhancement medications without digging further into the cause or realizing that they are actually going through a period of losing testosterone.

Further, other symptoms of male menopause are much more noticeable like increased body fat and growing belly, lowered agility due to bone density decrease and receding hairlines. Like opting for a sexual enhancement product, aging men are also cramming to get products for these signs of being older to improve their general appearance.

Low libido becomes an even greater issue for men who know of someone else over a decade older than them and are still sexually active. So they rush to the nearest pharmacy and purchase a male sexual enhancement product, or they ask around or search online for libido enhancers. This alarm is understandable because many men realize too late that their sexual health has been taken for granted.

True, as men grow older, they should not give in to its downsides, particularly in getting enough sessions and satisfying sex lives. Life goes one even after you are forty or even over sixty years old. Sexual enhancement techniques and products should do the trick for you, as well as gaining power over the physical realities you have to live by.

When you know what you lack, you would have a clearly defined plan of action to get back that thirty-something benefits in the sack. Apart from being aided by sexual enhancement options, empower yourself physically with proper diet, regular exercise and shift to a healthier lifestyle.