MSE News: Bag a cheap mortgage deal now, despite interest rate rise delay

edited 30 November -1 at 1:00AM in Mortgages & Endowments
5 replies 1.2K views
Former_MSE_HelenFormer_MSE_Helen
2.4K Posts
edited 30 November -1 at 1:00AM in Mortgages & Endowments
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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Replies

  • PincherPincher
    6.6K Posts
    ✭✭✭✭
    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 :D before the ten years are up, and the insurance pays back the £1miilion.
  • l3xil3xi Forumite
    40 Posts
    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: £11,700
  • _CC__CC_ Forumite
    362 Posts
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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.
  • PincherPincher
    6.6K Posts
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    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.
  • dano17439dano17439 Forumite
    366 Posts
    Part of the Furniture 100 Posts
    ✭✭
    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!
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