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Households Enjoy £4bn Mortgage Windfall

2

Comments

  • silvercar
    silvercar Posts: 50,800 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    IveSeenTheLight wrote: »
    I would wonder if future mortgages will remain tied to the BOE rate or if they will migrate to the banks own level.

    Some people are tied to BOE for the lifetime of their mortgage. Nice tie if you got it.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • Jimmy_31
    Jimmy_31 Posts: 2,170 Forumite
    RenovationMan wrote: »
    I'm years ahead of my mortgage repayments. I can't imagine I'm alone in this.

    As I said right at the start, the current period of low interest rates are a once in a lifetime opportunity for ordinary people to get on in life and increase their personal wealth. I'm taking maximum advantage of this and I would suggest that others do the same (if not already).

    Or for ordinary people to not get on in life.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Pimperne1 wrote: »
    Thank God for Japan (must have been the answer to about 1% of all HPC related questions).

    Next year it will be Europe............
    Mortgage experts believe the eurozone crisis has pushed back a recovery in the UK mortgage market by up to three years.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    Jimmy_31 wrote: »
    Or for ordinary people to not get on in life.

    Why are low interest rates stopping the ordinary person getting on in life?
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Pimperne1 wrote: »
    Why are low interest rates stopping the ordinary person getting on in life?

    Welcome to jimmys world....
    Official MR B fan club,dont go............................
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    ess0two wrote: »
    Welcome to jimmys world....

    :rotfl:

    Here's jimmy a few years on.
    He's left the building game (no real money in it) and he's become an artist.....

    https://www.youtube.com/watch?v=-gZRZo4aX1Q
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Pmsl............
    Official MR B fan club,dont go............................
  • JonnyBravo
    JonnyBravo Posts: 4,103 Forumite
    Mortgage-free Glee!
    The gulls have plucked out my eyes........
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The easel get thrown and he crawls off...........:money:
    Official MR B fan club,dont go............................
  • geneer
    geneer Posts: 4,220 Forumite
    Pimperne1 wrote: »
    http://www.telegraph.co.uk/finance/personalfinance/borrowing/mortgages/8838935/Households-enjoy-4bn-mortgage-windfall.html



    Didn't realise that some SVRs are tied to BoE rate:



    This is encouraging though:


    It is indeed. Excellent news for FTBs who waited until after the crash to buy.
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