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After the love has gone......
- Thread starter tek-monkey
- Start date
John Marwood
I ♥ cryptic crosswords
They decided yesterday
John Marwood
I ♥ cryptic crosswords
Pound is only a part of the picture
Not many options left
Everything is connected so it will effect everyone in time
One lucky thing is the Texas shale oil - keeping oil prices low
Unless you live in Aberdeen
Not many options left
Everything is connected so it will effect everyone in time
One lucky thing is the Texas shale oil - keeping oil prices low
Unless you live in Aberdeen
Laurie61
Well-Known Forumite
A cut has been priced into the market so .25% may have no affect on £. A .50% reduction would have more of an impact. I think interest rate changes will have little impact on economy as they are already at historic lows, if there is a need to provide real stimulus it will have to come from Hammond.
Gramaisc
Forum O. G.
He has considered pressing the Reset button - perhaps just turning it off and back on again might work?
John Marwood
I ♥ cryptic crosswords
Pebbles?
Gramaisc
Forum O. G.
John Marwood
I ♥ cryptic crosswords
The God squad decided on the interest rate yesterday
But they announce it today at noon
Gives em a bit of time to dabble in shares and currencies
But they announce it today at noon
Gives em a bit of time to dabble in shares and currencies
tek-monkey
wanna see my snake?
So.......
As someone that is looking to remortgage, and wishes to god they hadn't trapped themselves in a 10 year fix at 5.29% nearly 8 years ago (interest rates MUST go up, they can't stay this low! arse), what are the thoughts for the next few years? Fix or tracker?
As someone that is looking to remortgage, and wishes to god they hadn't trapped themselves in a 10 year fix at 5.29% nearly 8 years ago (interest rates MUST go up, they can't stay this low! arse), what are the thoughts for the next few years? Fix or tracker?
Lucy
Well-Known Forumite
It'll move up later on, but how much? I've got a 5 year fixed that we took out last year, so I could have benefited slightly today, but not massively. I'd go for a fixed because you know what your payments will be. Could you save enough by paying your early repayment charge and backing out now? Google do a good mortgage comparison site, but watch out for solicitors fees and valuations. We're with Tesco as that's all in the fee. I knocked up a comparison excel template if you'd like it.
John Marwood
I ♥ cryptic crosswords
Buy a bigger house
hop
Well-Known Forumite
You can get a 5 year fix at around 2% or 2 year deal at 1% so the expectation is low rates for a while.
If you opt for a tracker make sure you check it tracks the BOE rate not the lenders SVR, since often the lender will not change there internal rate despite the BOE having moved their rate.
Gramaisc
Forum O. G.
Mark Carney said:
We'll see....
The policy seems to be essentially Don't Panic! - http://www.bbc.co.uk/news/business-36974551
John Marwood
I ♥ cryptic crosswords
He's effectively printed pound notes to the value sixty thousand million pounds today .
Buy wheelbarrows
Sell pounds
It's not over
Buy wheelbarrows
Sell pounds
It's not over
tek-monkey
wanna see my snake?
Gramaisc
Forum O. G.
Get with the times!
Withnail
Well-Known Forumite
Yes Minister Brexit special – Sir Humphrey explains all
https://www.theguardian.com/tv-and-...minister-brexit-eu-jonathan-lynn-sir-humphrey
https://www.theguardian.com/tv-and-...minister-brexit-eu-jonathan-lynn-sir-humphrey
John Marwood
I ♥ cryptic crosswords
No High Street banks to remain in towns smaller than Wakefield report might say
Government cellphones for pensioners
Illegal to carry more £200 in cash say people
VAT to be added to bank charges somewhere
Government cellphones for pensioners
Illegal to carry more £200 in cash say people
VAT to be added to bank charges somewhere
Withnail
Well-Known Forumite
http://www.theguardian.com/politics...ee-post-brexit-funding-for-eu-backed-projects
Philip Hammond is to guarantee billions of pounds of UK government investment after Brexit...
The Treasury is expected to continue its funding beyond the UK’s departure from the EU for all structural and investment fund projects, as long as they are agreed before the autumn statement.
...Current levels of agriculture funding will [also] be guaranteed until 2020
... Universities and researchers will have funds guaranteed
...“We recognise that many organisations across the UK which are in receipt of EU funding, or expect to start receiving funding, want reassurance about the flow of funding they will receive”
Philip Hammond is to guarantee billions of pounds of UK government investment after Brexit...
The Treasury is expected to continue its funding beyond the UK’s departure from the EU for all structural and investment fund projects, as long as they are agreed before the autumn statement.
...Current levels of agriculture funding will [also] be guaranteed until 2020
... Universities and researchers will have funds guaranteed
...“We recognise that many organisations across the UK which are in receipt of EU funding, or expect to start receiving funding, want reassurance about the flow of funding they will receive”
Tilly
Well-Known Forumite
andy w ... Where are youuuuuuu