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The Big Property forum • View topic - Are you worried about base rate rises?
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PostPosted: Wed Sep 29, 2010 9:17 am 
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A recent article on our blog revealed that 1 in 4 British people are worried about base rate rises and the effect on their mortgage. The fact that most struck me as telling was:

'if base rates were to return to pre-credit-crunch levels, average monthly payments could rocket by up to £563 (based on someone with a £150000 interest-only mortgage on a 2.5 per cent SVR and a base rate increase of 4.5 per cent)'

Maybe now is a good time to consider a 2 or 3 year fixed rate mortgage?

what do you think?


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PostPosted: Tue Oct 19, 2010 10:42 am 
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Base rate increases means higher in cost as taxes will increase .


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PostPosted: Thu Oct 21, 2010 1:54 am 
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With the cuts made to public spending, inevitable public sector mass redundancies, increases in VAT and slowing housing market (again) a rise in interest rates would spell disaster for the economy and hopefully the Bank of Englsnd recognise this and will hold off any rises until the UK economy is back on its feet.


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PostPosted: Wed Nov 24, 2010 6:13 pm 
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If you're looking for a mortgage whether you're a first time buyer or looking for a remortgage why not check out this mortgage rate calculator.


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PostPosted: Tue Jul 03, 2012 2:25 pm 
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This type of increase is done automatically by increase in cost. Yes this has crossed my mind. I think rates will go up as I think the economy as a whole will get worse, so when the current base rate ends we’re going to be looking for another one.


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PostPosted: Wed Aug 15, 2012 2:49 pm 
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Yeah I agree.


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PostPosted: Fri Jan 04, 2013 1:13 pm 
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we’re going to be looking for another one.
room to stay in London


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PostPosted: Mon Jan 06, 2014 11:58 am 
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Location: US
You have mentioned great information, it really helpful for me. Keep sharing such type of information in future too.

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PostPosted: Mon Feb 03, 2014 12:14 pm 
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Location: US
You have mentioned great information, It really helpful for me.

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PostPosted: Fri Feb 28, 2014 10:57 am 
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Location: Noida
Relief India Trust arrange organ donation awareness camps at reachable places and convey the message to the people to come forward to save life of dear ones and near ones.


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