15 year fixed morgage (best deals)

oceanobsession

It looks like the consevatives are in power 12 month from now and they
say that they would have never given the bank of england the right to set
interest rates so does that mean they can have the right back to set them thereselves if so we could see it all going up that is why im looking
for a long term fixed
cheers ocean

opinions4u

Full stops, question marks and commas can make a post so much easier to read.

It looks like the consevatives are in power 12 month from now and they
say that they would have never given the bank of england the right to set
interest rates so does that mean they can have the right back to set them thereselves

Any Government can pass legislation to do this if the believe it is the right thing to do.

if so we could see it all going up that is why im looking for a long term fixed

Why do you assume that a government would make a decision in a different way to the Bank of England's own rate setting committee? The underlying economic indicators were the same, so why would government have made different decisions?

To answer your question try:

www.moneyfacts.co.uk

www.moneysupermarket.com/mortgages

Britannia certainly do 15 year deals, but I believe they are nudging up towards the 6% mark.

oceanobsession

opinions4u wrote: »

Full stops, question marks and commas can make a post so much easier to read.

Any Government can pass legislation to do this if the believe it is the right thing to do.

Why do you assume that a government would make a decision in a different way to the Bank of England's own rate setting committee? The underlying economic indicators were the same, so why would government have made different decisions?

To answer your question try:

www.moneyfacts.co.uk

www.moneysupermarket.com/mortgages

Britannia certainly do 15 year deals, but I believe they are nudging up towards the 6% mark.

Sorry for the spelling, it is a problem for me. consevatives tend to look
after people with money so interest rates going up is what i think will happen cheers ocean.

Gorgeous_George

There can be little doubt that the Tories will control interest rates if/when they return to power.

They will increase interest rates whether there is a need to or not and lower them just before election time to ensure the feel good factor gets them re-elected.

Control (of interest rates) should remain with the Bank of England MPC. These people are supposed to be the experts - MPs are not.

It is almost certain that rates will need to rise becasue they are stupidly low at the moment (albeit for very good reasons) whoever forms the next Government.

Right now there are bigger things to worry about and tonight's election results will determine how much we need to worry.

If in doubt, fix.

GG

oceanobsession

Gorgeous_George wrote: »

There can be little doubt that the Tories will control inmterest rates if/when they return to power.

They will increase interest rates whether there is a need to or not and lower them just before election time to ensure the feel good factor gets them re-elected.

Control (of interest rates) should remain with the Bank of England MPC. These people are supposed to be the experts - MPs are not.

It is almost certain that rates will need to rise becasue they are stupidly low at the moment (albeit for very good reasons) whoever forms the next Government.

Right now there are bigger things to worry about and tonight's election results will determine how much we need to worry.

If in doubt, fix.

GG

can you explain to me about tonights election results what it is all about
we get seven people to represent us right what are the bigger things to worry about cheers ocean