Owning your own home

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zazkar

chance that interest rates will rise

so the only way is up

Or down...?

https://www.theguardian.com/business/2020/may/20/uk-sells-government-bond-with-negative-yield-for-first-time-coronavirus

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deleted in reply to @zazkar

Negative interest rates will have no impact on consumer lending. All contacts have a floor in them so even if interest rates were -10% your bank wouldn't be sending your a cheque every month.

Consumers need to fear interest rate rises.

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NotThamesWater in reply to @deleted

And even when they didn't have floors written into the contracts, the supreme court very kindly decided that it was implied.
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zazkar in reply to @deleted

Cheers, the whole notion of NIR’s puggles me, so what world do we have to live in where I’m getting regular cheques from the bank...?!

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