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Debate House Prices
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Base Rate Remains Unchanged
Comments
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But house prices are surging, Sibley said so on another thread so base rates should be going up
I'd rather prices stayed stagnante and base rates low. House prices can rise quickly when my mortgage is paid off
We love Sarah O Grady0 -
Excellent news and as I predicted. One more year to go on my mortgage challenge and one more year of 0.5% to come. Once the 50% challenge is complete I'll move onto the next one. The aim is to have a dream house on a normal house sized mortgage with normal house sized utility bills (due to the insulation and heat technologies I'm installing as part of the renovations).
It's all going to plan. 0 -
Get in. More news for the STR filth to chook on their Coco-Pops with.
What's an Australian chicken got to do with Coco-pops?0 -
shortchanged wrote: »There's more chance of winning the lottery these days than the prospect of an interest rate rise.
A couple of years ago I would be waiting in anticipation of the rate decision, yesterday I wasn't even aware that that day had once again arrived. In fact I didn't know until I saw this thread this morning, just shows how it's more or less taken for granted these days that a change is someway off.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0 -
chucknorris wrote: »A couple of years ago I would be waiting in anticipation of the rate decision, yesterday I wasn't even aware that that day had once again arrived. In fact I didn't know until I saw this thread this morning, just shows how it's more or less taken for granted these days that a change is someway off.
It does look like a change is someway off, unless unexpected events dictate otherwise. Let's hope that rates start to rise sooner rather than later (for the right reasons).30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0 -
I'd rather prices stayed stagnante and base rates low. House prices can rise quickly when my mortgage is paid offRenovationMan wrote: »It's all going to plan.
Here Here, I'm enjoying watch the mortgage balance fall every month also...
Enjoy while it lasts I say, as I think when the base rate starts to rise there may be no stopping it...ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 20270 -
I'm beginning to think we'll still be at 0.5% in five years time, and no more than 1% by 2020. This is gonna be a cheap mortgage bonanza for quite a few people.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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Turnbull2000 wrote: »I'm beginning to think we'll still be at 0.5% in five years time, and no more than 1% by 2020. This is gonna be a cheap mortgage bonanza for quite a few people.
As a mortgage holder I'd prefer a fully functioning economy with 4% base rates than a f*cked economy with 0.5% base rates. But then I think about the bigger picture. Celebrating low base rates simply because you have a mortgage is like celebrating your car being on fire simply because you have some marshmallows that need toasting.0 -
As a mortgage holder I'd prefer a fully functioning economy with 4% base rates than a f*cked economy with 0.5% base rates. But then I think about the bigger picture. Celebrating low base rates simply because you have a mortgage is like celebrating your car being on fire simply because you have some marshmallows that need toasting.
Analogy of the year!0
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