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Seeing the future!
fredwatt
Posts: 13 Forumite
Just got the new rates from Santander - quite good I have to say, BUT do I go for the lowest payment over 2 years (fixed) or do I pay slightly more per month and fix it for longer (5years). The 5 yr fixed monthly amount is still less than I'm paying but the smaller the actual number on the piece of paper the more attractive it looks....
Anyone foresee where bank rates will be in 5 years time with this new guy at the helm?
Anyone foresee where bank rates will be in 5 years time with this new guy at the helm?
0
Comments
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Interest rates could rise without any direction from the BOE.
Current mortgage rate levels are supported by Government schemes, nothing else. Once the artifical props are removed. Then rates may well drift upwards.0
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