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MSE News: Bag a cheap mortgage deal now, despite interest rate rise delay
Former_MSE_Helen
Posts: 2,382 Forumite
Interest rates may not rise until 2017, but mortgage borrowers should still consider securing a cheaper deal now...
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Bag a cheap mortgage deal now, despite interest rate rise delay
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Bag a cheap mortgage deal now, despite interest rate rise delay
Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Comments
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I have a dream, that the interest rate goes negative, so they PAY me to borrow money, in the hope that I will then spend it, so it spreads throughout the economy.
What I actually do is to buy commodities, properties, art and antique cars, which are chased by too much free money and so get pushed up in price.
Drat, they only give free money to banks, not people.
Come on, a £1million interest only mortgage fixed at 0.1% for ten years.
I promise I will spend it on rich food, fast cars, loose women and life insurance. Hopefully, I die from consumption before the ten years are up, and the insurance pays back the £1miilion.0 -
I'm hoping they'll stay low at least until next May, that's the earliest when I can switch without a penalty. My fixed rate end July 2016.CC debt Oct 2015: £11,7000
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There's a very real possibility the FED will begin lift off in December.
Pretty obvious the BoE has just played a waiting game so far until the US begins the upward march.0 -
Can I have Mark Carney's job after he goes?
If all you have to do is to do nothing, I can do ten of these jobs at a time.0 -
I think i'll stay on my BOE+0.89% for a little while yet. Because of overpayments I (potentially) only have 3 Years 10 months left until freedom!0
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