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MSE News: 0.5% base rate may last another three years

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  • Old_Git
    Old_Git Posts: 4,751 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Cashback Cashier
    I am happy the interest rate been so low .
    I have an interest only mortgage at 0.68%
    My ISA is paying 3.1% .
    The interest on my ISA covers the mortgage .
    Mortgage interest is £27.99 per month .
    "Do not regret growing older, it's a privilege denied to many"
  • Dave1979
    Dave1979 Posts: 139 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Our mortgage (repayment not interest only) is set at the base rate so my monthly payment has gone from £750 a month when we bought 5 years ago to £450 a month for the last 3 years meaning we have been overpaying on it and taking a major chunk out of the balance. I hope it stays like this for another 3!!
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