Agreed that there are issues.  However all that much really.  Changes in
situation are handled as badly / well as the current interest rate
changes.  Personally I would rather have it that when my repayments went
up I actually got some benefits from it!

Re people re locking after there fixed term expires, so be it.  The
issue is to reduce peoples money now rather than in two years time (the
OCRs effect).  Yesterdays rate rise wont effect 50% of the mortgage
population for 1.5 - 2 yrs, by that time the economy may be quite
different.

The current OCR system is a much blunter instrument (sledge hammer) than
my suggestion.

It is a suggestion and one that will go nowhere as the experts have a
vested interest to not make it a workable system.  I am sure that this
or something similar could be developed by economists that would work
nicely alongside the OCR.


Rob Martin
Software Engineer

phone +64 03 377 0495
fax   +64 03 377 0496
web www.chreos.com

Wild Software Ltd



peter@webc... wrote:
>> It would be a minefield to try to regulate an individual's debt/equity
>> ratios like that.
>>    
>
> Agreed. Quite apart from possible rorting, you get in a mess of
> regulatory trouble to cope with real life needs, such as a change in
> financial situation requiring an interest-only holiday, or whatever.
> Sledgehammers are for nuts.
>
> cheers,
> peter
>
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