ChatterBank25 mins ago
Interest Rates
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What do the Martgage lenders think will happen to the inetrest rates over the next 5 years?
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A NatWest economist at the NACFB meeting a couple of weeks ago thought that interest rates would go up by a quarter after the election, and then go down by a half before the year was out.
Charcoal (mortgage brokers) will be offering a 5 year fixed rate deal with a sort of "hand back" rule so if you get negative equity and can't afford repayments, you can give the keys back in with no more to pay. This would assume that they beleive rates won't go much higher and become unaffordable.
Bear in mind that these are all guesses though!
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