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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.
andyfallsoff-
They aren’t going to go “down” though. Not hugely. And in any real crash you are going to have bigger problems than your mortgage rate going up from fuck all to 2% - like losing your job. Which would have come first.
The question is more if I lose my job how long can I pay my mortgage.
How long have people been banging on that drum.
Hah probably jinxed it
Howard
Under what situation could rates go up?