Interest rates rise by 0.25%

[M400 NBL]

You probably know this but how will this affect you?

Does it mean trading your thirsty motor for a 1.4L

[dcw@pr]

means I'm glad we went for fixed rate on our mortgage a month ago

[che6mw]

dcw@pr said:

means I'm glad we went for fixed rate on our mortgage a month ago

ditto

[peaktorque]

Variable going to have to sell kids!

Edited by peaktorque on Thursday 9th November 21:17

[tigger1]

dcw@pr said:

means I'm glad we went for fixed rate on our mortgage a month ago

Same here - got a fixed rate for the next 3 years (had it nearly 2 years now), so although it might not work out to be the cheapest way to do it - at least I know EXACTLY what my mortgage payment will be until 2009, by which time I'll be rolling in cash anyway (so says the 5 year plan)!

[mrsz4]

Bad timing for us because our fixed rate ends in a few weeks time. We requested some quotes on Monday but was told the person we needed to speak to wasn't available until today, so they'd better give us Monday's rates!!

[Soft Top]

Variable at present. Not too bothered. Lost out with a fixed rate many years ago and haven't bothered since. All the guys in the office who took out fixed a couple of years ago have been overpaying for that whole time until now as opposed to 0.5% over base.

When it notches up another 2% I'll be getting worried!