18 Comments

1. 

   @tg92277

   January 12, 2024 at 1:35 pm

   If you can't afford mortgage payments at the current rate (which is actually low), you probably bought a house that was out of your price range. Feel free to sell that nice house and buy something cheaper. Maybe use the extra money to buy a violin. Meanwhile, people who can't (and may never) afford a house of any price are now struggling to buy food due to a currency crisis that these low interest rates are only perpetuating

   Log in to Reply
2. 

   @johnmacaroni105

   January 12, 2024 at 1:35 pm

   Abolishing leasehold for flats can revive the Tory dream of a property-owning democracy… National Leasehold Campaign…. Will GB news discuss this?… I wonder 😯

   Log in to Reply
3. 

   @Dogboy73

   January 12, 2024 at 1:35 pm

   That bloke looks like a face from Guess Who! ‘Do they have hair?’. No. ‘Do they have a beard?’. Definitely.

   Log in to Reply
4. 

   @welshhibby

   January 12, 2024 at 1:35 pm

   Rates need to go to 10%..

   Log in to Reply
5. 

   @unvaccinatedAndPureBlood

   January 12, 2024 at 1:35 pm

   If you're working 9-5 and think about a mortgage, DON'T.

   When the big crash happen in the next two years, you'd be out of a job, and they'll buy your house back by pennies, when you have no job.

   Log in to Reply
6. 

   @mohamad4609

   January 12, 2024 at 1:35 pm

   Imagine if we didn't have to pay £50 million a week for hotels just hotels id like to know how much it all adds up with meals and everything else they get free, because I no the food etc is not included in the accommodation, could anybody tell me please,not the yearly figures I no we pay £22, thousand pounds per person and rest of EU is £7000per person,so a years salary for 1illegal so I'd like to know including the £40 a week pocket money which working folks dont have left 💯👍

   Log in to Reply
7. 

   @iancampbell3202

   January 12, 2024 at 1:35 pm

   Closing the stable door after the horse has bolted

   Log in to Reply
8. 

   @stephfoxwell4620

   January 12, 2024 at 1:35 pm

   Man with upside down head states the obvious.

   Log in to Reply
9. 

   @bye-72

   January 12, 2024 at 1:35 pm

   Anything fixed under 4% is great.
   These are normal rates now.

   Log in to Reply
10. 

    @marionharding6015

    January 12, 2024 at 1:35 pm

    Steering deliberately to 2008 scenario people haven’t recovered from that yet!

    Log in to Reply
11. 

    @MattyFreedom

    January 12, 2024 at 1:35 pm

    If you genuinely think rates will level off or go up a little then why the hell would you fix for 2 years? You should get discounted which will nullify that and give you cheaper until it happens.

    The only reason for fixing is if you think rates will go significantly higher.

    As others have said the long term average has been 4-5%, but there have been short shocks of much higher for various reasons. If you are worried there could be shocks and you won’t be able to ride them out, then that’s another reason to fix.

    I chose to fix mine at 3.6 at the first opportunity about 8 months ago (remember the base rate isn’t the rate you actually get from a bank). I had to decide back then if rates would continue to rise (they have and could still go up more) but also what was important to me. I decided locking in to a rate that was still below the historical average (and that’s before the bank adds their extra % or 2) was a good idea, as it’s a level I can afford and if rates drop to zero again, then sure I will be paying more, but not that much more once you factor in the bank’s uplift.

    I personally think rates will not go to zero again, that was an aberration that has had many perverse consequences. For that reason I locked in for 10 years. I did that 8 months ago as it was the earliest I could do it due to my previous mortgage needing 6 months grace.

    I probably wouldn’t fix for 10 right now as I suspect it will only go up a bit more and may then fall back a bit. So I suspect a discounted for a couple of years might be the best route and then see how things are going.

    Having said that, knowing my luck there would be a massive shock sending rates up to 15% in two years if I did it. Then you have to work out how long you can bleed that kind of money for as it won’t stay that high for too long.

    Log in to Reply
12. 

    @philabbott1761

    January 12, 2024 at 1:35 pm

    I'm so fascinated by the vintage toy look (Magnetic) that I have no idea what this video is about.

    Log in to Reply
13. 

    @misfit2022

    January 12, 2024 at 1:35 pm

    Rates are still below the historical average

    Log in to Reply
14. 

    @oldshiny3012

    January 12, 2024 at 1:35 pm

    it is what it is

    Log in to Reply
15. 

    @jjefferyworboys8138

    January 12, 2024 at 1:35 pm

    In all probability there are one or two further 0.25% rate increases to come followed by a period of stability before any downward move will occur and then any reductions are likely to be slow and gradual. Locking into a 2 year fixed could be the least worse option wait and see option. No one has a crystal ball !

    Log in to Reply
16. 

    @Jeffybonbon

    January 12, 2024 at 1:35 pm

    Come on rates are still so low 5% is the norm Get a grip

    Log in to Reply
17. 

    @chairmandan1794

    January 12, 2024 at 1:35 pm

    Exspurt?, a drip under pressure.

    Log in to Reply
18. 

    @welshcelt9406

    January 12, 2024 at 1:35 pm

    What I suggest these ⚓️ get thrown in the shredder.

    Log in to Reply

You must be logged in to post a comment Login