VAT rate and interest rates

[NoelWatson]

lonny said:

Also there's 200bn in qe to be unwound at some point. Not sure if they do this before increasing rates as well.

I recall Merv saying IRs will go up first

[Beardy10]

NoelWatson said:

Beardy10 said:

NoelWatson said:

honest_delboy said:

So in theory if banks are borrowing at 0.5& then lending for mortgages at between say 4-7%

For variable or fixed?

Not sure that's at all relevant is it ? It's the principle he's concerned with......

5Y swap rates aren't 0.5%. FD do a tracker at 1.79% over base, so I'm not sure what the argument is

As you well know 5yr swap rates have got bugger all to do with what he said. And yes you can say that FD have a low rate tracker but broadly an awful lot of people in this country are probably paying somewhere between 4 and 7%. If you want to have an in depth discussion of the difference between 5yr swap rates and the best tracker rates there start another thread.....

[NoelWatson]

Beardy10 said:

NoelWatson said:

Beardy10 said:

NoelWatson said:

honest_delboy said:

So in theory if banks are borrowing at 0.5& then lending for mortgages at between say 4-7%

For variable or fixed?

Not sure that's at all relevant is it ? It's the principle he's concerned with......

5Y swap rates aren't 0.5%. FD do a tracker at 1.79% over base, so I'm not sure what the argument is

As you well know 5yr swap rates have got bugger all to do with what he said. And yes you can say that FD have a low rate tracker but broadly an awful lot of people in this country are probably paying somewhere between 4 and 7%. If you want to have an in depth discussion of the difference between 5yr swap rates and the best tracker rates there start another thread.....

Beardy10 said:

but broadly an awful lot of people in this country are probably paying somewhere between 4 and 7%.

For those with >30% deposits?