You are reading a single comment by @mespilus and its replies.
Click here to read the full conversation.
-
so my opinion would be to lock into the longest fixed term mortgage you can afford
That was my thinking this time last year. 5 years at a good rate rather than trying to sneak 2 years and hope rates were still low and I just nipped in with a 10yr at another low rate before everything went to shit.
Not that I'd need the mortgage because I'd have picked the right lottery numbers anyway. -
Isn't Brexit more likely to slow the economy and so delay a rise in interest rates?
duncs
Polygon
@mespilus
The last time the Tories were allowed to fuck about with the economy for a decade,
we ended up with rampant negative equity and mortgage rates at 15%.
The early '90s were not a happy time as the 'Lawson Boom' crumbled.
I see no benefit from Brexit, (unless you run a hedgefund and are shorting the UK economy),
so my opinion would be to lock into the longest fixed term mortgage you can afford.