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Interest rates increase!!!!
Luke
Posts: 112 Forumite
Not really sure this is the right place to post this but it is very relevant to us all.
Interest rate have just increased to 4.75% a rise of 0.25% the first change in 11 months and the first increase in 2 years.
They say the increase is due to inflation. Two words energy companies:mad:
Interest rate have just increased to 4.75% a rise of 0.25% the first change in 11 months and the first increase in 2 years.
They say the increase is due to inflation. Two words energy companies:mad:
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Comments
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Looks like there has never been a better time to become debt free0
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Thanks for the heads up!
Might have to look more closely into moving the mortgage... :mad:LBM: Nov 2004 Debt Apr06: £19,273.46 (Highest)
Debt 2006: Jul:£18,552.06|Aug:£17,615.14|Sep:£16,297.98|Oct:£15,961|Nov:£15,760.66|Dec:£13,204.37
Debt 2007: Jan:£13,183.71|Feb:£13,851.03|Mar:£13,349.15|April:£12,997.33 | May: £12,300.00 | June: £12,000 | July: £9,894.44 |Aug:£0
Debt Free Date: 31 August 2007
The £2 Coin Savers Club = £72
Reclaiming my bank charges - £105 reclaimed
My Diary: http://forums.moneysavingexpert.com/showthread.html?t=2305610 -
I'm tied to mine till next july but I am counting down the days. Are you in a position to switch without incurring any penalties?0
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When the recession comes, they'll drop them (interest rates!!) soon enough."Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
"We were born and raised in a summer haze." Adele 'Someone like you.'
"Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky." OMD 'Julia's Song'0 -
Someone with a £100,000 mortgage will see there repayments rise by £15 per month.0
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