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MSE News: 0.5% base rate may last another three years
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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"0 -
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!!0
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