Mortgage

[SueEllen]

What's that supposed to mean?

Look at unemployment rates.

Once unemployment goes down (and you don't hear moaning about young people not having jobs) then interest rates will go up.

[wantacontract]

Pretty sure the base rate is going up at by 0.5% this year and maybe another 0.5 next year.

Still that's only 1%. Mortgage will be paid off by then anyways....(I'm buying a small house.)

[Dearnla]

In my case it's essentially an easy access to instant cash tool, got an offset with a positive credit balance and when I needed access to £15k last week I just pulled it straight out of the account.

I can do that too - it's still in the bank, but not in an offset.

Heard a quote the other day from an economic expert about Gold - "It's not much use for anything, whereas Copper...." etc
Turns out you can't build infrastructure with Gold, you need loadsa Copper...

[Churchill]

I can do that too - it's still in the bank, but not in an offset.

Heard a quote the other day from an economic expert about Gold - "It's not much use for anything, whereas Copper...." etc
Turns out you can't build infrastructure with Gold, you need loadsa Copper...

You only make money out of Gold when someone more stupid than you buys it from you.

[DimPrawn]

You only make money out of Gold when someone more stupid than you buys it from you.

Or the person holding bits of paper realise it isn't worth the paper it is printed on.

[DimPrawn]

[Paddy]

Do I take 3.99 fixed for 5 years or 2.0% above base variable?

RANDOM.ORG - Coin Flipper

[escapeUK]

Absolutely agree with that. If nothing else as contractors we have to maintain a warchest so an offset makes a lot of sense as let's face it there's bugger all interest being paid on savings that are accessible.

Me too, and theres all that corporation tax and vat sat around too.

[TykeMerc]

Me too, and theres all that corporation tax and vat sat around too.

Call me daft if you like, but since the money for that belongs to my business it stays in my business accounts in a totally different bank.

[escapeUK]

Call me daft if you like, but since the money for that belongs to my business it stays in my business accounts in a totally different bank.

Who does the business belong to?