Interest rates 'may hit 47pc' in two years

Really2

Barnetbear wrote: »

Ah-ha, now I'm getting it!

But of course what no one has pointed out is the obvious - and that is that even if the BoE or MPC tried to increase base rates beyond the 1% or whatever that Roger Bootie suggested was to be the ceiling for n-years, extra-terrestrials would never put up with it, and frankly they have quite a lot of influence in The City once they start aiming their Vapo-laser-deathray in the general direction of Bank tube station. Mr King would not chance it, not unless he wants his lunchtime egg & cress sandwich toasted, along with the rest of him.

Don't be so stupid.










It's chicken mayo.

wageslave

Cleaver wrote: »

Everyone else is gonna be f**ked though.

That, off course, is the only thing that matters:j

nearlynew

If I had 200k in cash now and interest rates were 47% I wouldn't dream of saving my money.


I would be getting a mortgage while interest rates were so low.


It's all about affordability you see.

Barnetbear

I think they have no choice but to keep the base rate at 0.5% until the last Friday in October, 2087. If you look at the deficit, pensions liabilities and bank balance sheets dependent on residential property residuals, you can see that the UK would turn into a mush of gooey nothingness if base rates ever moved much above 1% before that date, and also of course inevitably most of Watford would be swallowed up by a giant quid. (Surely you meant Squid? -Ed)

diable

I can just see the headlines in the Daily Fail tomorrow.........


"MSE Members in mass heart attacks as rumours spread on 47% interest rates"

Barnetbear

I wonder if Mr King would agree to do any ads for Seasick Finance after he leaves Office?

"Seasick Homeowner Loans - our rates are low because the Governor always said so."

(Incidentally, enter "ocean" into UK Google and the loan firm is top of the page. I think that says a lot about the UK. Yes it is a sponsored link but nevertheless...)

ManAtHome

47% - puh, wimps... When I had me first mortgage, that Pitt the Younger (Psh!t the Bunger as we used you call him) put window tax up to 118.2% and Ye Be ande Qe doubled the price of bricks and hardboard overnight. Did we panic - NO, we got off our arrises and conquered half the world (thereby increasing GDP substantially) - you try tell the kids these days, they just don't believe you!

Barnetbear

Hello sir, madam - fancy a gamble on a SVR 0.5%, 8%, 14% or 47% mortgage for 40 years? I knew you would, now you can afford that ambitiously priced semi which has merely doubled in price since 2005! Aren't you glad you live in a country which gives you plenty of rope?
http://www.dailymail.co.uk/property/article-1305447/PROPERTY-FINANCE-Super-long-mortgages-sting-tail.html

chucky

This is a rubbish thread

HAMISH_MCTAVISH

Nah, the first two were rubbish.

This one's quite entertaining.