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Howard-
The one where property values go down so risk profiles on mortgages change, more than the one where BoE base rates go up (although that is a possibility if we get rampant inflation e.g. post brexit as goods become more expensive).
Even if rates don't go down, if you're not at a really low LTV and values crash, you could find yourself at a worse LTV when you next remortgage so the best rates aren't available.
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I have no idea what I’m doing, it’s just what I hear and you lot are smarter than me so came looking for answers...
andyfallsoff
chrisbmx116
Whats the hive mind thoughts on Mortgages atm? Get the fuck locked in for as long as possible because interest rates are only going up? Looking at a 5 year fixed repayment atm.