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Debate House Prices
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Rate rise could push homeowners into arrears
Comments
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So basically, rates won't rise then. Or at least not for a long time and in a meaningful manner.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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For these numbers to add up it has to be based on something like an interest only mortgage on £184640
at 3.65% => £561pm
at 5.65% => £869pm
difference £308
on a 25 year repayment at the same values the increase would only be £211
(I think)0 -
rates ain't going anywhere over 2%/3% for a very long time...0
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Bah I deleted that
Anyway "Unrealistic situation that isn't going to happen would cause problems shocker" is the crux of it.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
The sooner the better, my ISA is 2.8% + BOE base.
You've got a good deal then, your currently getting 560% of the Base rate.
As they rise (Lets say by 2%) to 2.5%, you'd only be getting 212% against the base rate
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
So if the world ends when interest rates increase, how is this possible?
http://www.bbc.co.uk/news/business-129569480 -
So if the world ends when interest rates increase, how is this possible?
http://www.bbc.co.uk/news/business-12956948
Loans are being paid off and are not being replaced with new ones.0
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