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Debate House Prices


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Base Rate Remains Unchanged

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Comments

  • There's more chance of winning the lottery these days than the prospect of an interest rate rise.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Excellent news. And long may it continue! :)
  • I'm also happy with that decision as it keeps my mortgage nice and low, and enables me to overpay the maximum allowable.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Dan: wrote: »
    Excellent news. And long may it continue! :)

    Dan, as a renter / saver you're an interest rate loser at the moment remember?
  • Turnbull2000
    Turnbull2000 Posts: 1,807 Forumite
    edited 10 November 2011 at 7:40PM
    Equity rich owners are in for a fabulous few more years. In fact, I'd bed that rates will remain ultra low for much of the decade. Even recent buyers may find themselves on a cheap SVR, or at least comforted that efforts to protect the housing market has ensured the value of their property will remain stable and not crash. The biggest losers will of course be renters, with rents surging as population growth rockets ahead of house building.
    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 ForumTeam
  • crash123
    crash123 Posts: 399 Forumite
    But house prices are surging, Sibley said so on another thread so base rates should be going up
  • robmatic
    robmatic Posts: 1,217 Forumite
    Yup, everything is still well and truly knackered.

    Guess I was being too optimistic when I took out a fixed rate mortgage. Dammit.
  • robmatic wrote: »
    Yup, everything is still well and truly knackered.

    Guess I was being too optimistic when I took out a fixed rate mortgage. Dammit.

    At least you have the satisfaction of knowing that your repayments won't change for the length of the fixed term Robmatic. If you're on a tight budget then it's peace of mind.
  • robmatic
    robmatic Posts: 1,217 Forumite
    At least you have the satisfaction of knowing that your repayments won't change for the length of the fixed term Robmatic. If you're on a tight budget then it's peace of mind.

    That was part of my reasoning when I took it out and I am still happy with the decision I made at the time. It's only hindsight that complicates things!
  • reweird
    reweird Posts: 281 Forumite
    Get in. More news for the STR filth to chook on their Coco-Pops with.
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