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ajh

Locking In Low Interest Rates

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The thread on 'Interest Rates' started by Rachel today started me thinking.

While I don't think she's judging the relative risks correctly, she does have a point when she talks about the similarity in monthly payments for someone borrowing most of the purchase price if prices fall but rates rise.

Does anyone know of any retail-level (because I'm sure at the wholesale level that this is done all the time) product which allows you to lock in a maximum interest rate when (and only when) you decide to buy.

What I'm thinking of could perhaps best be described as an interest rate option, where you pay x per month to reserve the right to a mortgage of y at a rate no greater than z.

And if no such product exists why not? Surely there would be some demand.

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  • 333 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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