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Guess the rate date challenge...

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  • Just added hughmungas1986 and mlz1413 into post #1 and their dates added to the MSE voting summary chart.

    August 2011 currently the most popular month at present with 3 votes.

    FB.
    Mortgage and debt free. Building up savings...
  • I would like to have a stab at this one, I guess No Increase until November 2011 then +0.25%

    Like another person mentioned above, when rates do start to increase it will hurt a lot of people,
    I provide the following example: https://forums.moneysavingexpert.com/discussion/2225765
    ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
    NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
    BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 2027
  • The UK interest rate stayed on hold at 0.5% today:
    http://www.bbc.co.uk/news/business-11491398

    Crossed golfiematt off the list in post #1, as he had October 2010.

    FB.
    Mortgage and debt free. Building up savings...
  • golfiematt
    golfiematt Posts: 275 Forumite
    Mortgage-free Glee!
    oh well its good to be proved wrong sometimes!!
    Mortgage free:beer:

    [/COLOR]
  • cha97michelle
    cha97michelle Posts: 5,818 Forumite
    Part of the Furniture
    Personally, i'm still hoping all in post 1 are wrong. :p

    I'm going to chuck in my own guess. April 2012. For no particular reason other than wishful thinking, and my birthday is in April. It will go up 0.5%.
  • LilacPixie
    LilacPixie Posts: 8,052 Forumite
    Septenber 2011 raise to 0.75%
    MF aim 10th December 2020 :j:eek:
    MFW 2012 no86 OP 0/2000 :D
  • Finally got around to adding cha97michelle and LilacPixie into this little challenge - thanks for your interest.

    As this is pretty much a low traffic thread, I've put an email notification on, so I'll get a notification of updates, so that in future, I'll be able to add in new dates quicker.

    FB.
    Mortgage and debt free. Building up savings...
  • Oops. Forgot to update the MPC voting chart with the minutes that came out at the end of October. 8:1 in favour of an unchanged base rate:
    http://www.bbc.co.uk/news/business-11582612

    Good news is that due to 1st November starting on a Monday, we've just got until this coming Thursday, ie 4th to hear the latest decision.

    FB.
    Mortgage and debt free. Building up savings...
  • UK base rate remains at 0.5% for November.

    Announced at 12.00 today. Link to BBC news article:
    http://www.bbc.co.uk/news/business-11694582

    FB
    Mortgage and debt free. Building up savings...
  • wynnvegas
    wynnvegas Posts: 1,377 Forumite
    Mortgage-free Glee!
    come on the rate rises......some of us have started saving!! :whistle:
    Mortgage Free: 28/10/2010
    Time / Interest Saved: 18.5 years / £61,866.50
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