Base Rate Predicted to Rise to 0.5%

julicorn

getmore4less said:

julicorn said:

dunstonh said:

At least you haven't gone all Daily Mail on us and said they are going to skyrocket by 50%.

0.25% -> 0.5% would mean a 100% increase - but then again, people get very confused by things going up 100%, or even more than that (god forbid, surely that's mathematically impossible! /s)

0.25% ->0.75%

I know, I was being sarcastic (even marked as '/s', which denotes sarcasm). I deal with a lot of people in my job who really really do not understand percentages. 

Marvel1

Glad I fixed 3 months ago as thought it ris back then.

Finger a crossed as posted by someone I can earn 'decent' savings in cash ISA (wishful thinking).

Ganga

When we got our first and only mortgage we got a  rate of 12.6% fixed for two years,it went up to over15% not long after   

weddingringman

Ganga said:

When we got our first and only mortgage we got a  rate of 12.6% fixed for two years,it went up to over15% not long after   

Houses weren’t 15x the average salary back then though. 

kaMelo

Ganga said:

When we got our first and only mortgage we got a  rate of 12.6% fixed for two years,it went up to over15% not long after   

Ganga said:

When we got our first and only mortgage we got a  rate of 12.6% fixed for two years,it went up to over15% not long after   

As did I. As a first time buyer I got a 1% discount off their normal rate down to 13.5% for a year..
Given a choice whether to pay 13.5% with the 90's house prices or 2% with todays house prices I'd take high interest rates with 90's prices every single time.

getmore4less

Ganga said:

When we got our first and only mortgage we got a  rate of 12.6% fixed for two years,it went up to over15% not long after   

In those day that high inflation came with 3 pay rises a year

Ganga

getmore4less said:

Ganga said:

When we got our first and only mortgage we got a  rate of 12.6% fixed for two years,it went up to over15% not long after   

In those day that high inflation came with 3 pay rises a year

Not where i worked 

Thrugelmir

weddingringman said:

Ganga said:

When we got our first and only mortgage we got a  rate of 12.6% fixed for two years,it went up to over15% not long after   

Houses weren’t 15x the average salary back then though. 

As interest rates normalise, so will the ratio of annual income to amount borrowed.