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Anyone got any thoughts about the base rate

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Comments

  • Peelerfart
    Peelerfart Posts: 2,177 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    FB - tremendous stuff

    PF
    Space available for rent
  • Pee
    Pee Posts: 3,826 Forumite
    I agree the only way is up ... but didn't they have minus interest rates in Japan?
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Pee wrote: »
    I agree the only way is up ... but didn't they have minus interest rates in Japan?

    As my mortgage rates are linked to base rate I am happy to have a negative interest rate on my mortgage, in case any MPC members are reading. It would confuse my spreadsheets but I'm sure I would cope :o
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    If you have a good LTV of 75/60% there are plenty of 5 year deals at 4.24/4.45% with fees of £599/899 at the moment.
    you only need a 1% increase in the BOE to be worse off.
    Get yourself a fixed deal NOW and stop worrying for the next 5 years ( overpay if you can afford too) GOOD LUCK
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    All depends on redemption values though - too high to be worth it for me :confused:.

    If I was free to move I'd be off though :T
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
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