Interest rate situation opinions

dylanuk

Hi,

Would like to get a range of opinions from people on what they think is going to happen to the interest rates over the next year?

I'm currently on an intro-tracker until 2011, but I'm no longer tied to it, so can switch to another product.

VIGILANT22

Read through all the multiple threads on here on the same subject

opinions4u

1) BofE will go up.
2) It won't go up by more than 2%.
3) I could be wrong.

If you're on a tracker of BofE + 2.5% or less I'd stay on it - but pretend I'm paying 4.5% and overpay/save the difference.

If you're tracking at between 2.51% and 4% keep an eye on things (and the nearer to 4% the more aware you should be) - but pretend I'm paying 4.5% and overpay/save the difference.

Above this, I'd consider jumping to a competitive fix now.

Standard disclaimer: I'm not Mystic Meg and could be completely wrong. Good luck, and don't blame me if I am wrong!

Wutang_2

dylanuk wrote: »

Hi,

Would like to get a range of opinions from people on what they think is going to happen to the interest rates over the next year?

I'm currently on an intro-tracker until 2011, but I'm no longer tied to it, so can switch to another product.

I think the BOE will continue to fall (at least a further 4%).

dimbo61

You have given so little info
Whats the LTV and what interest rate are you paying now and what does it revert to after the current deal ends ?
Can you afford to pay 8/9/10% interest on you mortgage.
Have you put down a large deposit on the property and paid off some of the mortgage balance over the last 2/3 years.
Have you overpaid?
Good well paid secure job, kids, wife/husband
We can only guess so how can we tell you what type of mortgage to go for !

riqi

Wutang wrote: »

I think the BOE will continue to fall (at least a further 4%).

Sorry, I'm lost. Fall a further 4% to -3.5% ?

I would be so happy if i received money for the mortgage instead of paying it!!

VIGILANT22

riqi wrote: »

Sorry, I'm lost. Fall a further 4% to -3.5% ?

I would be so happy if i received money for the mortgage instead of paying it!!

You don't know Wutang's humour then!..:D