mortgage BOOM

[Fred Bloggs]

For sure by 2011 we'll see double digit inflation.

[BrilloPad]

I'm guessing it's all heading towards an election in September (which is why various stories are being spread around about the housing market turning by that point - a small increase can be engineered over the summer I reckon). After then (and perhaps before) interest rates will have to rise to start funding the debt we've taken on. Hope I'm wrong, but I can see interest rates at 8-9% by next year, perhaps rising still further in subsequent years.

IMO by September job losses will still be going up. Hence I go for May 2010.

[MrMark]

election

I'm guessing it's all heading towards an election in September (which is why various stories are being spread around about the housing market turning by that point - a small increase can be engineered over the summer I reckon). After then (and perhaps before) interest rates will have to rise to start funding the debt we've taken on. Hope I'm wrong, but I can see interest rates at 8-9% by next year, perhaps rising still further in subsequent years.

[BrilloPad]

nothing to do with the massive inflation required to get us to the next boom?

election

[Olly]

nothing to do with the massive inflation required to get us to the next boom?

[scooterscot]

for now.....

I know... reductions reductions reductions, keep em coming I say!

[Olly]

Me BTL is with the abbey at +0.5 above the base rate.

The monthly rent is so much greater than the mortgage I'm almost feeling guilty.

for now.....

[Fred Bloggs]

And I haven't got a mortgage any more, happy days!

[MarillionFan]

Im on a tracker at +0.5%

[scooterscot]

Me BTL is with the abbey at +0.5 above the base rate.

The monthly rent is so much greater than the mortgage I'm almost feeling guilty.

[Manic]

I'm with C&G fixed at 5.09 doh!

[swamp]

I'm with the C&G at BoE + .69%

Not as good as BoE - 1.01% but I'm still

[ratewhore]

If you're with Cheltenham and Gloucester that is:

The Bank of England is expected to cut interest rates to just 1 per cent on Thursday, bringing a windfall to those with interest-only tracker loans.

If it does, Cheltenham & Gloucester customers who took out a deal at 1.01 percentage points below the Bank's base rate will be paying no interest at all.

For technical reasons, they will still have to make payments - 8p a month for a £100,000 loan - but the money will be refunded.

linky

Unfortunately, I am with another lender, but Kudos to those of you with C&G...