Anyone else sh***ing themselves in case the interest rate goes up on morgage?

Typhoon2000

With the differance between Base Rates and SVR the greates it has been for a while, whats the chance of SVR's not going up by much when Base Rates strart to rise slowly?
Surely if Base Rates go up to say 4%, bank are going to charging 10% for 5yrs fixes are they?

elbutre

Typhoon2000 wrote: »

With the differance between Base Rates and SVR the greates it has been for a while, whats the chance of SVR's not going up by much when Base Rates strart to rise slowly?
Surely if Base Rates go up to say 4%, bank are going to charging 10% for 5yrs fixes are they?

definately not but nothing stopping them charging 5 or 6% or even 7% and i am not gambling with my mortgage, sorry am risk adverse and like to know how much i will be paying every single month for the next 5 yrs.