you financial boys and girls..........

andyb · 25-Oct-2005, 11:05

Whats the prediction for the interest rate? In particular the mrtgage rate, is it worth committing to a rate now, or waiting another month? please?

yeti · 25-Oct-2005, 11:10

My gut feeling, and please rememeber I'm an engineer, noit a financial whiz, is that rates will come down again, but exactly when and by how much is anyone's guess.

The economy is slowing quite dramatically now, and if old GB(H) doesn't want to overdo things, he needs to inject some cash back into the economy, hence MY belief they will drop again.

Ultimately I don't see more than half a percent in the next year though.

dickieducati · 25-Oct-2005, 11:18

according to the financial futures contracts the city are expecting rates to stay pretty much where they are maybe going up 25bp going foward to dec 2007.

dont bother fixing just go for a discounted tracker rate. you should get something under 5% i would say.

the market is not expected a change at the next mpc meeting on the 10th nov.

[Edited on 25-10-2005 by dickieducati]

andyb · 25-Oct-2005, 11:23

I could fix at 4.29%..........for 2 years?

dickieducati · 25-Oct-2005, 12:26

i never like doing fixes but thats does sound good. i would be tempted myself

MJS · 25-Oct-2005, 12:32

You need to look at the arrangement fees, any extended tie-ins and the exit fees when you want to change again.

Quote: 'Taking additional fees and costs into consideration, it's unusual for the lowest headline rate to be the cheapest home loan.'

yeti · 25-Oct-2005, 15:44

There is a good site that advises on this. I think it's something like: moneysavingexpert.co.uk but there is a link to it off the Radio 2 website I believe.

guest1 · 25-Oct-2005, 15:48

www.thisismoney.co.uk

I think it's tied in with daily snail nudespaper

andyb · 25-Oct-2005, 20:21

Quote:

Originally posted by Urban996
You need to look at the arrangement fees, any extended tie-ins and the exit fees when you want to change again.

Quote: 'Taking additional fees and costs into consideration, it's unusual for the lowest headline rate to be the cheapest home loan.'

free valuation free legal fees.............its a "special offer"

philthy · 25-Oct-2005, 22:35

Pleeeeese don't keep it to yourself, I'm in the same boat and have a couple of weeks to choose - Any help advice appreciated

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25-Oct-2005, 11:05	#1
andyb Registered Forum User BSB Star Posts: 6,720 Join Date: Feb 2002 Location: northampton Mood: Has change happened...must of missed it! you financial boys and girls.......... Whats the prediction for the interest rate? In particular the mrtgage rate, is it worth committing to a rate now, or waiting another month? please? Reply

25-Oct-2005, 11:23	#4
andyb Registered Forum User BSB Star Posts: 6,720 Join Date: Feb 2002 Location: northampton Mood: Has change happened...must of missed it! I could fix at 4.29%..........for 2 years? Reply

25-Oct-2005, 12:26	#5
dickieducati Registered Forum User BSB Star Posts: 5,018 Join Date: Jun 2003 Location: Chelmsford, Essex Mood: the rain in spain falls mainly on me! i never like doing fixes but thats does sound good. i would be tempted myself Reply

25-Oct-2005, 15:44	#7
yeti Registered Forum User BSB Star Posts: 5,207 Join Date: Jul 2001 Location: In the wilderness Mood: All that is necessary for the triumph of evil is that good men do nothing There is a good site that advises on this. I think it's something like: moneysavingexpert.co.uk but there is a link to it off the Radio 2 website I believe. Reply

25-Oct-2005, 15:48	#8
guest1 Registered Forum User Big Twin Posts: 1,173 Join Date: Mar 2008 www.thisismoney.co.uk I think it's tied in with daily snail nudespaper Reply

25-Oct-2005, 22:35	#10
philthy Registered Forum User Big Twin Posts: 1,028 Join Date: Jun 2005 Location: Wirral Mood: Can't make me mind up Pleeeeese don't keep it to yourself, I'm in the same boat and have a couple of weeks to choose - Any help advice appreciated Reply