Time for a fix?

macaque_2

If you have not got a fixed rate loan, it might be a good idea to get one as quickly as possible. Interest rates may be on the move soon.

Sorry bulls, this time it may be out of nanny's hands.

It isn’t a rise in Bank base rate that is the problem. Uncertainty in the eurozone over a default by Greece and the downgrading of Italian sovereign debt is starting to push up the rates at which the lenders finance home loans. ‘If, or when, Greece defaults and comes out of the euro, the banks will be wary of lending to each other and there will be a shortage of mortgage finance,’ warned Ray Boulger of mortgage broker John Charcol. ‘Lenders will push up mortgage rates – first because they can, and secondly to stop being swamped with business.’

http://www.citywire.co.uk/money/mortgages-time-to-fix-in-case-the-euro-crisis-turns-nasty/a525455?re=15959&ea=174368&utm_source=BulkEmail_Money_Daily&utm_medium=BulkEmail_Money_Daily&utm_campaign=BulkEmail_Money_Daily

Procrastinator333

Or get a boe tracker.

robmatic

macaque wrote: »

If you have not got a fixed rate loan, it might be a good idea to get one as quickly as possible. Interest rates may be on the move soon.

Sorry bulls, this time it may be out of nanny's hands.



http://www.citywire.co.uk/money/mortgages-time-to-fix-in-case-the-euro-crisis-turns-nasty/a525455?re=15959&ea=174368&utm_source=BulkEmail_Money_Daily&utm_medium=BulkEmail_Money_Daily&utm_campaign=BulkEmail_Money_Daily

Crikey, a mortgage broker is suggesting that people should seek a fixed rate mortgage deal! These are worrying times indeed.

Peelerfart

Nah! been hearing the "fix now" call for about four years now.

Relax,smile and be happy,just cos the bubbles have got no dough doesn't mean fix.
There are some crackin deals on at the minute though so maybe..........?

purch

Interest rates may be on the move soon

You can hope.

You can dream.

Interest Rates ain't going anywhere anytime soon :cool:

OptionARMAGEDDON

Why the hell would I get a fix when I have a tracker at 2% over base for the term!? Lenders can push up rates all they like, the fact remains, if you are on a good tracker, you would be mad to move off it at the moment. We are about to go back into recession !!!!!!, base rate is going nowhere for a long time.

StevieJ

OptionARMAGEDDON wrote: »

Why the hell would I get a fix when I have a tracker at 2% over base for the term!? Lenders can push up rates all they like, the fact remains, if you are on a good tracker, you would be mad to move off it at the moment. We are about to go back into recession !!!!!!, base rate is going nowhere for a long time.

Is that you Biggles?

OptionARMAGEDDON

Why yes. Bigglesing round the globe.