Mortgage Rate Rises

Have 150k on fixed rate ending in October and another 100k ending in January. Will be paying off the October, then putting the January on a 5 year term, with maybe a 2 year base rate tracker, what do people think, with the term only being 5 years.. just get a 5 year fixed and have the certainty until its paid off?

You'll have 150k plus a little interest paid off in 5 months (so 30k/month)?

High paying job or just come into money?
 
What's happening in the market now? Fuel is going down in price, hopefully food , any news on mortgage rates ?or BoE apologising ?
 
Got to love the people who need to give it the humble brag on an internet forum full of strangers discussing the hardships of the current financial climate.

Slow clap to you…
 
What's happening in the market now? Fuel is going down in price, hopefully food , any news on mortgage rates ?or BoE apologising ?

Same as before, nobody knows. Nobody..... and if they tell you otherwise they're talking out their backsides.

I read an article only last week from experts saying they all thought with a high degree of confidence the base rate would stay where it is for quite a while, maybe go up a little more, but won't be coming down for a few years. Then just yesterday I was reading about the US debt hitting its ceiling which would trigger a UK rate decrease :cry:

There's so many different things going on around the world that anyone of them could swing it one way or the other.

If you are talking stock market, again, someone said to me go all in on UK FTSE100 but I take everything these days with a massive pinch of salt. Money under the bed I'm thinking.
 
Last edited:
Apologising for what?
For being incompetent.

 
You can blame the BoE for recent forecasts.
You can blame it for not raising rates earlier . And for some of the covid stuff. But you can't blame it for raising rates
 
Last edited:
Back
Top Bottom