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Dazbo1983

To Fix Or Not To Fix....

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Apologies if this has been covered already but.......

I've always been intent on 'playing it safe' and taking out a fixed-rate mortgage (when I eventually buy) but, I'm now beginning to wonder whether a tracker/variable rate deal would be the better option.

At this moment in time, I struggle to see the base rate moving above 2% (at this point the fixed rate would be more expensive).

It appears that BoE are threatening to raise IRs to get people onto more lucrative fixed deals.

Please discuss....

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Apologies if this has been covered already but.......

I've always been intent on 'playing it safe' and taking out a fixed-rate mortgage (when I eventually buy) but, I'm now beginning to wonder whether a tracker/variable rate deal would be the better option.

At this moment in time, I struggle to see the base rate moving above 2% (at this point the fixed rate would be more expensive).

It appears that BoE are threatening to raise IRs to get people onto more lucrative fixed deals.

Please discuss....

OK what you need to do is ask yourself the following question: who has a better chance of predicting IRs over the next 2/3 years - me ... or the CEOs of the some of the worlds richest institutions who are all buddies with each other and rub shoulders with the BOE ...

If you think that the answer to above question is "me" then go for a fixed rate policy, if not ... B)

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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