Interest rates to rise - Mervyn King

michaels

I think you will find +179bps with FirstDirect and I guess the point is that these can narrow as the banking market becomes less risk averse and possibly with higher rates the base rate may more directly influence borrowing and savings rates that decoupled on the way down.

sarkin1 wrote: »

but 2+2 is 4%

best tracker deal at the minute is base plus 2.29%

So I make that 4.29% and with an out look of further rises I would say that is squeaky bum time.

StevieJ

petebates26 wrote: »

I'm not sure of the point of the article - I didn't write it! The point of the post was to draw your attention to the article for debate.....thought that was the point of this board?

I'd apologise for wasting your time, but you all seem to be enjoying yourselves, so......carry on!

Plenty of debate for a non article

IveSeenTheLight

doire wrote: »

A)Its 2% to begin with. They wont be staying low forever :T

I read it was a 0.25% rise to begin with 2% not being seen for another 18 months time

doire wrote: »

AB) Hamish said it. I couldn't be arsed searching for it

Can't be arsed or can't be proven?

doire wrote: »

c) get it up you

LOL, I don't think this is adversly affecting Blacklight.

However for any potential buyers out there, wouldn't this simply mean their mortgages will cost them even more. Seems strange to wish for higher interest rates

doire_2

IveSeenTheLight wrote: »

I read it was a 0.25% rise to begin with 2% not being seen for another 18 months time

I have plenty of time to wait



Can't be arsed or can't be proven?

Have you seen how many posts hamish has written





However for any potential buyers out there, wouldn't this simply mean their mortgages will cost them even more. Seems strange to wish for higher interest rates

In the event of lower prices no

......................

Blacklight

doire wrote: »

However for any potential buyers out there, wouldn't this simply mean their mortgages will cost them even more. Seems strange to wish for higher interest rates

In the event of lower prices no

£120k mortgage @ 4.5% over 25 years = £667

20% fall?

£100k mortgage @ 6.5% over 25 years = £675

Quite some fall.

chucky

Blacklight wrote: »

£120k mortgage @ 4.5% over 25 years = £667

20% fall?

£100k mortgage @ 6.5% over 25 years = £675

Quite some fall.

what he hasn't factored in is that when house prices are at their cheapest mortgage finance is at it's cheapest.

when house prices are rising or expensive, finance is at it's most expensive.

it's how it works unfortunately

house prices won't be crashing any time soon

doire_2

Blacklight wrote: »

£120k mortgage @ 4.5% over 25 years = £667

20% fall?

£100k mortgage @ 6.5% over 25 years = £675

Quite some fall.

Depends on what size deposit i have

IveSeenTheLight

doire wrote: »

..............I have plenty of time to wait........

You keep waiting then;)
I won't be holding my breath in the meantime

IveSeenTheLight

doire wrote: »

.Have you seen how many posts hamish has written.....................

there's a wonderful thing called a search facility.
You could of course add merit to your post by providing a link to the post in question
else
you could choose not to add merit by not being arsed

Generali

StevieJ wrote: »

Plenty of debate for a non article

And pretty grumpy debate at that! Really2 calling someone a "wart"; shocked I am, shocked.

"Bloke who knows about interest rates says rates won't remain at 400 year lows indefinitely" [pp 1,2,4,5,6,7,8,9]

in other news:

"Pope in 'Infallible' claim. 'Also believes in transubstantiation', says shocked onlooker"

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