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Rates.... wil they wont they?

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Comments

  • hedgehogpenguin
    hedgehogpenguin Posts: 95 Forumite
    thank goodness for the cut as I was starting to feel my mortgage was getting too much. More cuts please.
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    danm wrote: »
    although better than not being able to afford coffee as you are made redundant
    I have been made redundant before. I went out and got my new (very secure) job.

    Do you agree that lower interest rates mean businesses can invest more in creating new jobs?
    Been away for a while.
  • sammyjammy
    sammyjammy Posts: 7,962 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    jawa1 wrote: »
    Only the base rate has been cut, not the rate that the BOE lends to banks for mortgages, so mortgage rate will stay the same.

    Not necessarily true my tracker is Band of England Base rate tracker so will go down.
    "You've been reading SOS when it's just your clock reading 5:05 "
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    sammyjammy wrote: »
    Not necessarily true my tracker is Band of England Base rate tracker so will go down.
    As is mine. :T
    Been away for a while.
  • free4440273
    free4440273 Posts: 38,438 Forumite
    Originally Posted by free4440273 viewpost.gif
    ^Halifax certainly have by .25%.
    MidTwentySomthing wrote: »
    Don't think that £16 on every 100,000 worth of mortgage debt will be much comfort the peeps coming off thier fixed rate in Jan/Feb.

    Especially when food and transport are likely to go up by more than that £16 per month.

    Ya takes it off, and put it back on somewhere else.

    A bit like my diet.

    Agreed. I wasn't endorsing the decision. I 'voted' that BofE Hold. :)
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
  • chedburgh
    chedburgh Posts: 42 Forumite
    Running_Horse wrote: »
    Great. Inflation soars. My company gives me a pay rise. My mortgage overpayments have even more effect. Long term, my mortgage is a smaller percentage of my income.

    Thank you for telling me what I can post.


    Umm, doesn't your cost of living soar also, negating your increased wage? Thats if your lucky enough to get one...
  • dannyboycey
    dannyboycey Posts: 1,060 Forumite
    Running_Horse wrote: »
    Great. Inflation soars. My company gives me a pay rise. My mortgage overpayments have even more effect. Long term, my mortgage is a smaller percentage of my income.

    Thank you for telling me what I can post.

    Utility bills have rocketed, petrol prices are through the roof, companies are struggling to stay afloat, the weekly bill at the supermarket looks more like a telephone number.... but hey - it's all cool coz my employer is gonna pay me an extra 30p an hour!
  • Anon
    Anon Posts: 14,562 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    dave76 wrote: »
    but halifax and nationwide have responded with cuts in their rates?

    Yes, according to BBC News website this lunch time but not sure if this affects the deals on offer or when this feeds through?

    Anon
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    chedburgh wrote: »
    Umm, doesn't your cost of living soar also, negating your increased wage? Thats if your lucky enough to get one...
    No, my increased wage negates the cost of living soaring.

    Meanwhile the mortgage stays the same, or rather it drops as interest rates drop. Not that it makes a difference to daily life as any drop is going towards overpayments. It just means we are mortgage free a few years earlier.
    Been away for a while.
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    dannyboycey wrote: »
    companies are struggling to stay afloat
    Are you saying companies would benefit from a rise in interest rates?

    Anyone with a degree of intelligence knows this is not true.
    Been away for a while.
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