UK Landlord Forum / Life

Where are they going to stop, i recon when they get to 8-11%, What do you guys think, and should we be boffererd, * sorry been waiting ages to type that somewhere * lol.
Is the interest rate going up, going to snub out landlords of old, as i have heard lots are hanging up there keys and knocking it on the head. GOOD this gives the new breed of developer a chance.
Digest and comment my little poppets of love, 


Badger

man, i hope they don't go up.

i have one mortgage on a variable and the interest hike is pissing me off big time. i think it will remain stable for the next few months now. IT BETTER ANYWAYS!!!

to think, it was only 3.5% a few years ago

what rate have you got your mortgage on?

Its a done deal they will go to 6% by the end of 2007, may be 6.25% by Dec - keeps people miserable for Xmas.

You can guarantee that none of the MPC members have mortgages !!!!


cheers

simhar

web: Properite Landlord Software http://www.properite.co.uk

Up Up and away, here we go boys and girls.


Badger

Yeah, i've been reading a lot of reports on the expected increase again.

However, yesterday they chose to hold the base rate at 5.75%, next decision on the 6th of September.

We were lucky this time, I feel.

One of my investments % = £ has gone up £127.00 in 9 mths, man this is a pain !!



Badger

Urgh, so annoying.

I had the opportunity to get on a decent fixed rate policy 2 years ago, but I chose to go for the variable rate option, hoping rates would creep down a little. God, who would have known? I'm gutted.

Fixed rates could also be a nightmare, fixed rates for 2-3 yrs then you come off um and something has to give,  Lets face it, when we buy a house for what ever reason we are screwed for a long time.
Its all about the carefull math !

Badger