6% May Be

[pickle]

Predicted by who?

If rates were to go above 6%, a lot of people are going to struggle with repayments.

WTF has that got to do with intrest rates? IRs are a (blunt) tool to control inflation. It's not in the BOEs remit to give a toss about peoples repayments.


Anyway, said predictions.

http://business.timesonline.co.uk/to...cle1813017.ece

[scooterscot]

WTF has that got to do with intrest rates? IRs are a (blunt) tool to control inflation. It's not in the BOEs remit to give a toss about peoples repayments.


Anyway, said predictions.

http://business.timesonline.co.uk/to...cle1813017.ece

here here

[Ivor1]

WTF has that got to do with intrest rates? IRs are a (blunt) tool to control inflation. It's not in the BOEs remit to give a toss about peoples repayments.


Anyway, said predictions.

http://business.timesonline.co.uk/to...cle1813017.ece

Fook doesnt say by when though

[Troll]

Predicted by who?

If rates were to go above 6%, a lot of people are going to struggle with repayments.

It was base +2% which is usual lenders SVR - but discounted deals can mitigate against this

[dang65]

here here

hear hear

You're telling someone to listen to something, see?

[scooterscot]

no I meant what I said, here here

[Burdock]

no I meant what I said, here here

we need a smiley for 'telling you what to say'

[DaveB]

8% is a prediction for the short term

Those predictions are for retail rates, not the bank base rate. The discussions here so far have been about the base rate. 7% base base rate by the end of the year is not out of the questions IMO.

[Euro-commuter]

Those predictions are for retail rates, not the bank base rate. The discussions here so far have been about the base rate.

Quite so. As it says clearly right at the start of the article:

Homeowners were last week warned to brace themselves for mortgage rates at 8 per cent, their highest for a decade, as the Bank of England seeks to curb inflation.

Legal & General, the City’s biggest fund manager, with assets of £240 billion, said last week that Bank rate would have to go to at least 6 per cent – forcing up lenders’ standard mortgage rates, which are typically two percentage points higher.

[zamzummim]

I have mortgage offer of two year fixed at 5.34% - I think its a good one. I may go for it