Base rate could be at 0.5% untill the end of 2011

lemonjelly

Heyman wrote: »

Me three :beer:

So it's great at the moment - I'll need to do a bit of scheming to get us sorted out when the rates start going up though :cool:

Goodness you lot! Get a room or something!;)

FC123 said
It's the only good thing that came out of the crunch for us too.
Lifetime 0.49% above base.
But we lost in many other (expensive) ways over the past decade, ever rising commercial property costs + business rates, price deflation in our sector so we were selling at ever lower prices.

I a few days time, I should have some good news..then off to the MFW board.

End 2011 we could clear it by then if rates stay low maybe? Then start saving as rates rise.

I tend not to count chickens (as they usually get diseases) but would be nice to be on the 'winning side' for once in our lives.

Good luck FC123 - fingers crossed the chickens stay healthy, & perhaps even lay a few eggs!:D

I don't currently have a mortgage. I do have a variety of accounts. Been disappointed (a little) when my 6% bonds have expired, & can't get anything anywhere near that. Got 2 6% bonds which will cough in sept/oct, need to start planning what to do with them.

I've got a number of regular saver accounts. I've noticed that I have almost as much going out each month as I earn!:eek: Having to monitor that closely. A couple of years ago internet accounts were giving decent(ish) rates, so I stashed my instant access cash there. I'm now trickling that into reg savers. One coughs every march (& is transferred into next years ISA), the others are handy for dropping into 1 or 2 year bonds, or for treats like holidays etc.

I'm hoping that we can get 6% soon (ideally sept oct!!!:D)

maveli

Heyman wrote: »

Me three :beer:

So it's great at the moment - I'll need to do a bit of scheming to get us sorted out when the rates start going up though :cool:

Me too at +0.23 life tracker on interest only with HSBC. Anything left over goes to HSBC's 8% interst regular saver.

kriss_boy

If it stays that low until the end of 2011, which I think is highly unlikely then we will have paid off 20% of our mortgage which would be incredible.

Realistically we could double our overpayments meaning 40% of our mortgage would be paid off although my girlfriend insists on us going to the cinema at peak times and spending £15 on food!! ARHGHGH!

hnisc

Its great they will be staying low for the rest of this year anyway but my mortage company A&L only give me 4.99 on their SVR :mad:

Kildare

Our mortgage is fixed until November and I'm starting to consider options now. I'm risk averse which is why I fixed in the first place, plus the rates were going up at the time Now the rates are low but for how long? Will the fixed rates start shooting up again early next year if I take the risk and go onto SVR...
I don't seem to have too much luck with predicting the market :rotfl:

lisyloo

Realistically we could double our overpayments meaning 40% of our mortgage would be paid off although my girlfriend insists on us going to the cinema at peak times and spending £15 on food!! ARHGHGH!

Wow you guys know how to live :rotfl:

Seriously though, it's important to enjoy yourself now.
I'm in my 40's and there are people not much older than me who have died of natural cuases.
You do need to live a little, to enjoy yourself.
No point leaving all your enjoyment till your 80's as you might be dead or not have enough good health to enjoy it.

I think it's really important to have a balance between saving for the future, having contingency for a rainy day and enjoying yourself NOW.

ess0two

lisyloo wrote: »

Wow you guys know how to live :rotfl:

Seriously though, it's important to enjoy yourself now.
I'm in my 40's and there are people not much older than me who have died of natural cuases.
You do need to live a little, to enjoy yourself.
No point leaving all your enjoyment till your 80's as you might be dead or not have enough good health to enjoy it.

I think it's really important to have a balance between saving for the future, having contingency for a rainy day and enjoying yourself NOW.

Too true,you can never get it back.

kriss_boy

lisyloo wrote: »

Wow you guys know how to live :rotfl:

Seriously though, it's important to enjoy yourself now.
I'm in my 40's and there are people not much older than me who have died of natural cuases.
You do need to live a little, to enjoy yourself.
No point leaving all your enjoyment till your 80's as you might be dead or not have enough good health to enjoy it.

I think it's really important to have a balance between saving for the future, having contingency for a rainy day and enjoying yourself NOW.

At only present 20% of our combined income goes on our mortgage which Id imagine is considered quite low...

So we do know how to live thank you very much!

movingforward2010

hope not fed up of earning 0.75p a month intrest

mewbie_2

wxmlad wrote: »

hope not fed up of earning 0.75p a month intrest

Put 20% of your cash savings into Corporate Bonds through an ISA. They will earn more interest than the rest of your cash, easily. No 100% safe way to invest of course, but they should be pretty good for a couple of years.

I am not a financial adviser. This might be the road to ruin.