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The Big Property forum :: View topic - Are you worried about base rate rises?
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Are you worried about base rate rises?
http://www.thebigpropertylist.co.uk/forum/topic9.html
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Author:  jamesgco [ Wed Sep 29, 2010 9:17 am ]
Post subject:  Are you worried about base rate rises?

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?

Author:  James00 [ Tue Oct 19, 2010 10:42 am ]
Post subject:  Re: Are you worried about base rate rises?

Base rate increases means higher in cost as taxes will increase .

Author:  NickMan [ Thu Oct 21, 2010 1:54 am ]
Post subject:  Re: Are you worried about base rate rises?

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.

Author:  jamesgco [ Wed Nov 24, 2010 6:13 pm ]
Post subject:  Re: Are you worried about base rate rises?

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.

Author:  annamarie [ Tue Jul 03, 2012 2:25 pm ]
Post subject:  Re: Are you worried about base rate rises?

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.

Author:  dan25 [ Wed Aug 15, 2012 2:49 pm ]
Post subject:  Re: Are you worried about base rate rises?

Yeah I agree.

Author:  elin [ Fri Jan 04, 2013 1:13 pm ]
Post subject:  Re: Are you worried about base rate rises?

we’re going to be looking for another one.
room to stay in London

Author:  rlpnl123 [ Mon Jan 06, 2014 11:58 am ]
Post subject:  Re: Are you worried about base rate rises?

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Author:  rlpnl123 [ Mon Feb 03, 2014 12:14 pm ]
Post subject:  Re: Are you worried about base rate rises?

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Author:  reliefindia [ Fri Feb 28, 2014 10:57 am ]
Post subject:  Re: Are you worried about base rate rises?

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