LetsGetReadyToTumble Posted January 28, 2012 Share Posted January 28, 2012 PS interest rate increases will also increase the exchange rate which makes the UK less competitive - another reason to think that rates won't increase. But we are an overall importer, so mathematically we need a strong currency. Exports would take a hit, but we import all/ most of our raw materials so these would be cheaper. I think it's swings and roundabouts. Quote Link to comment Share on other sites More sharing options...
ingermany Posted January 28, 2012 Share Posted January 28, 2012 (edited) US Fed predicts at least mid 2014 before a modest rate rise, and they've got almost 3% pa economic growth. We've got zero growth so we will have lower rates for even longer. Negative interest rates are here to stay, at least til 2014-15. The argument seems to be about how to loosen policy further when IRs are near zero. I expect a lot more printing and bank lending criteria being aggressively loosened to something like 2006 standards. They will create another boom followed by a bigger bust. Edited January 28, 2012 by ingermany Quote Link to comment Share on other sites More sharing options...
LuckyOne Posted January 28, 2012 Share Posted January 28, 2012 Is there any FTB 10yr fixed? I struggle to find any. http://www.money.co.uk/mortgages/10-year-fixed-rate-mortgages.htm 75% to 80% max LTV. If you have the deposit, you can borrow at a fixed rate for 10 years. In Germany, you can borrow at a fixed rate for around 4.25% for 20 years in a traditional repayment mortgage. Quote Link to comment Share on other sites More sharing options...
cybernoid Posted January 28, 2012 Share Posted January 28, 2012 you should see some salary / wage increases along the way Quote Link to comment Share on other sites More sharing options...
Pent Up Posted January 28, 2012 Share Posted January 28, 2012 There is a new 10yr fixed with Norwich & Peterborough at 3.99%, it doesnt say its not for FTBs, so I guess anyone can apply. Yes FTBs can apply, it's got a £195 fee and it's portable if you need to move (assuming you still meet the criteria) 75% max LTV. This is a very good deal IMO. YBS do a similar one at 4.19% Quote Link to comment Share on other sites More sharing options...
gf3 Posted January 28, 2012 Share Posted January 28, 2012 You have had a lot of good post here the one from KHARDS gives a good warning. Can you think of a good reason not to go for a life time tracker? Quote Link to comment Share on other sites More sharing options...
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