groin thrusting from the BBC

PaulF81

Interestingly, most of our savings on the mortgage are made post full repayment, when we would be still paying back interest 15 years after finishing the mortgage.

Currently paying 80quid less per month than I would have with the standard repayments, which when re-invested into further repayment of capital quite rapidly cascades as you go through the term of the mortgage.

Forecast to save over 80k on a 225k mortgage through aggressive early overpayments. mr hsbc doesn't love us!

thor

There are 2 main reasons why Carney will not raise rates:-
The BOE don't fear failure as proven by the fact they did nothing to try and reign in inflation for many years. If it starts going back up I predict they will sit on their hands even if it hits 5% or more. Their only punishment is to write a letter which I'm sure has Carney quaking in his boots.
The other reason for keeping rates low is to help all these MPs with property portfolios. There must be a ton of London MPs who now have benefited from reduced repayments to overpay mortgages on their 2nd, 3rd, 4th etc homes while seeing their values rise. Do you seriously see Carney upsetting this double bonanza for those who put him power at the Bank Of England?