tag:blogger.com,1999:blog-32841798.post7016531101609441436..comments2024-03-28T22:45:51.014+00:00Comments on Capitalists@Work: Where to for UK Interest Rates in 2011?CityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-32841798.post-20523293683282954932010-10-18T13:09:19.781+01:002010-10-18T13:09:19.781+01:00EK - thanks but already done that to make it manag...EK - thanks but already done that to make it manageable on benefits. It only lasts a year and lender won't necesarily extend.Philipahttps://www.blogger.com/profile/03440234602399886097noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-19185615323084819202010-10-18T13:07:28.587+01:002010-10-18T13:07:28.587+01:00CU - £2400pm?? Try £160pm as opposed to paying ove...CU - £2400pm?? Try £160pm as opposed to paying over £600pm in rent. As EK quite rightly says, it costs more to rent. So don't really get your point(?)Philipahttps://www.blogger.com/profile/03440234602399886097noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-15569751068933789022010-10-16T16:29:15.394+01:002010-10-16T16:29:15.394+01:00You need an editor, or a sub-editor, or maybe to r...You need an editor, or a sub-editor, or maybe to read it through a few times before posting, something which a lot of bloggers don't do.<br /><br />Several misspellings and clunky sentences make this pretty hard to read, which is a shame because it's on a very interesting topic.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-86623285333859050982010-10-15T10:22:51.523+01:002010-10-15T10:22:51.523+01:00CityUnslicker,
I am very much of the same mind......CityUnslicker,<br /><br />I am very much of the same mind... the Bank of England has let inflation expectations deanchor and relative to the traditional Taylor Rule for setting interest rates (even accounting for all the so called "one offs") has policy way too loose. <br /><br />More details here:<br /><br />http://macro-man.blogspot.com/2010/10/mervynflation.html<br /><br />cheers,<br />cpmppicpmppihttps://www.blogger.com/profile/14890582570540203535noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-43758915853601335682010-10-14T20:57:30.558+01:002010-10-14T20:57:30.558+01:00Phillipa - but £2400 a month...I rented a 4 bed de...Phillipa - but £2400 a month...I rented a 4 bed detached for 5 of us in a leafy lonodn suburb for £1400 just this year. This can't go on.<br /><br />EK - don;t rates bound to go up more than 1% before you make your £1800 back I reckon. Do Britannia do linked current accounts though where you could get an overdraft at a good deal to help reduce your other debts?CityUnslickerhttps://www.blogger.com/profile/15929544047783163175noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-22074765877844609502010-10-14T19:05:39.245+01:002010-10-14T19:05:39.245+01:00It's a roof over my head and I live in it chea...It's a roof over my head and I live in it cheaper than I could rent it.Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-63106310129688688402010-10-14T16:47:37.616+01:002010-10-14T16:47:37.616+01:00Just sell it EK before it crashes another 30%!!!Just sell it EK before it crashes another 30%!!!Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-70460825985971282932010-10-14T14:57:48.812+01:002010-10-14T14:57:48.812+01:00CU - I'm in a bit of a muddle.
A mortgage bro...CU - I'm in a bit of a muddle.<br /><br />A mortgage broker has offered me 3.24% with the Woolwich on an interest only tracker. The idea being that I overpay each month and benefit from the fact that the interest is being calculated daily. There is also a drop-lock facility which means no redemption penalty should I choose to fix with one of their products.<br /><br /><br />Presently I am three years from ending a fixed repayment mortgage at 4.79% with Britannia. The cost would be £1800 to get out of it.<br /><br />I need to consolidate loans. Luckily I have good LTV and wage/debt ratios. But the figures look bloody frightening nonetheless.<br /><br />A couple of 0.5% interest rate rises would negate any advantage of switching - in so far as I can see it - I'm tempted to sit where I am. What would you do ?<br /><br />Not holding you responsible for anything should the future turn out differently to what you imagine.<br /><br />PS, I have tried one of the lower rate loans (HSBC @ 2.19%) but the obstacle there is that they require you to use solicitors for various things and will not combine debts with the mortgage as will the Woolwich. The monthly repayments are not much different when this is taken into account.Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-27444062205582450932010-10-14T14:42:18.567+01:002010-10-14T14:42:18.567+01:00Have you looked at the John Charcol site, Blue ?Have you looked at the John Charcol site, Blue ?Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-79226928933155323722010-10-14T14:37:47.315+01:002010-10-14T14:37:47.315+01:00Couldn't you switch to interest only, Philipa ...Couldn't you switch to interest only, Philipa ? Pay minimum if needs must ?Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-59656103259557611962010-10-14T14:24:31.850+01:002010-10-14T14:24:31.850+01:00ConDems have already halved the housing contributi...ConDems have already halved the housing contribution to benefit claimants who have a mortgage, from 6.x to 3.y. This put a substantial burden on people on benefits, but not on those who rent (which is grossly unfair). If rates rise as you predict then people will be worse off and end up losing their homes and requiring social housing. It's a disaster waiting to happen and the ConDems care not a jot.Philipahttps://www.blogger.com/profile/03440234602399886097noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-58314207218844310072010-10-14T11:25:18.548+01:002010-10-14T11:25:18.548+01:00So my selling short Sept11 interest rate futures l...So my <a href="http://pricewagesqueeze.blogspot.com/2010/09/derivative-of-day-fancy-shorting-mr.html" rel="nofollow">selling short Sept11 interest rate futures</a> looks inspired then?<br /><br />Was 99.00 when I got in, you can get 99.07 now. I nearly sold some more this morning after reading this, but eggs, baskets and all that!Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-77194558451656371452010-10-14T11:16:33.464+01:002010-10-14T11:16:33.464+01:00Anyone know of any decent high-LTV remortgage rate...Anyone know of any decent high-LTV remortgage rates???Old BEhttps://www.blogger.com/profile/06974090439936326476noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-22853685391855153672010-10-14T10:12:20.168+01:002010-10-14T10:12:20.168+01:00I fortunately managed to blag a variable rate mort...I fortunately managed to blag a variable rate mortgage a couple of years back but went in last week to see if I could borrow more and the cheapest I was offered was about 4% I think. I didn't really shop around but at the moment I've got it at 1.49% which is a very sexy rate indeed. Shame i'm skint really or i'd be banging as much as I could into it (out of principle rather than price).<br /><br /> Anywho - will wander off and see which QUANGO's have been ended - heady days, heady days.Dick the Pricknoreply@blogger.com