Bank of England base rate, predict what it will be in 2 years?

JonnyBravo

nearlynew wrote: »

When I was lad, houses were cheaper and more affordable, jobs more secure and mortgages more straight forward.
There was no thought about how you might be wrong-footed by some financial trickery several years down the line.

No one gave a f*ck about finding a long term tracker, or saving 0.25%, or tie-in periods, or redemption charges or whatever..............

More choice?


More f*cking scams more like.

Ignorance was bliss eh?

Things would be so much better without education for the proles?:rolleyes:

ess0two

tommy75 wrote: »

who or hsbc?

ING direct


http://www.ingdirect.co.uk/mortgages/remortgaging/tracker.asp

inspector_monkfish

1984ReturnsForReal wrote: »

Once they decide to put it up it will ramp up to 1% within 3 or 4 months.

lemonjelly

Or

inspector_monkfish

lemonjelly wrote: »

Or

or what dude?

nearlynew

JonnyBravo wrote: »

Ignorance was bliss eh?

Things would be so much better without education for the proles?:rolleyes:

In those days, people just got on with paying the mortgage.


Not remortgaging every 3 years, MEWing and end up owing more 10 years later.


Debt is not wealth.
Never has been, never will be.

JonnyBravo

nearlynew wrote: »

In those days, people just got on with paying the mortgage.


Not remortgaging every 3 years, MEWing and end up owing more 10 years later.


Debt is not wealth.
Never has been, never will be.

Plenty of people still do just get on with it.

You think the financially foolish have been created by offering more choice to people?
No, it's been created by people making poor choices. Which undoubtedly, before you say it, they have a greater opportunity to make nowadays but they also have the opportunity to make many better choices.


Simple sloganeering will never encompass a debate in any meaningful form.
Never has, never will.

100% guaranteed.

:cool:

Eric_Pisch

I expect interest rates to go up alot in the medium term

sterling has been devalued by approx 30% and with the BoE still printing free money it will probably devalue more.

we import just about everything we buy and eventually the devalued pound will result in inflation going up, (the Euro lotto has gone up to £2 a ticket because of this) probably alot

the main way to combat inflation is to put up interest rates which results in investors buying sterling making it more valuable against other currency's, which brings imports down.

historically the avg rate is what 8%?

pault123

If it got back to 8% I wonder how many repo's we'd get?!

Pobby

Yep 8% is right. When I were a lad you had to get a deposit. Have references from an employer with a statement of earnings. An interview with a chap in a dark suit, if you were a chosen borrower you were patted on the head and told to go wait and the building society would inform you when funds were available. And we thought that luxury.

Not like a while ago. Go to Northern Rock. Sit down with a coffee and chat to some hottie who would give you 125% loan to value ( because you are worth it ). Just tell me, she said that you earn a thousand a week, that will do, and we will give you the cash.

They would then get you a limo and run you around the corner to Bradford and Bingley where a Jordan look a like would get them out ( the mortgage papers ) for the lads, and sort you out a mortgage on 4 new build studio flats which you can rent out for a grand a month each and enjoy the fact that they will go up by at least 15% a year.

Blooming kids get it so easy these days!