Owning your own home

You are reading a single comment by @Tonts and its replies. Click here to read the full conversation.

•

ElGonzo in reply to @Howard

I reckon base rate will go up in June, stay at 4.75% for a bit (tail risk of it hitting 5%) and start coming back down from November MPC meeting and settle at around 3.5% in mid-2024. Or I could be chatting shit and it stays where it currently is or higher for the foreseeable and I get fucked... Place your bets!!!

•

Tonts in reply to @ElGonzo

Been looking at a new mortgage deal as ours expires on 31 Jul. The cheapest rate was on a 5 year fix, so I'm guessing the industry are expecting rates to fall.

•

ElGonzo in reply to @Tonts

Yep, I did minimal due diligence and came to this conclusion :) Also needed flexibility of a tracker in terms of overpayments and porting in (very likely) case of moving within the next couple of years, etc.

About

Avatar for Tonts @Tonts started