What's the prognosis for fluctuations in the BOE rate over the next couple of years?
After 5 years of paying 6% plus on a FTB mortgage (95%) we're about to come to the end of the fix and shall be finally benefiting from the low BOE rate paying just 1.45% on the Woolwich Lifetime Tracker which, after being tied to a FR will be a very welcome boost to our monthly disposable income :beer:
However I saw a piece on BBC News America last night about rate increases due in the USA & I tend to assume where they go we follow suit. I'm concerned our joy could soon be curtained:eek:
Any educated guesses on what the next 2 years may hold for the BOE base rate?
After 5 years of paying 6% plus on a FTB mortgage (95%) we're about to come to the end of the fix and shall be finally benefiting from the low BOE rate paying just 1.45% on the Woolwich Lifetime Tracker which, after being tied to a FR will be a very welcome boost to our monthly disposable income :beer:
However I saw a piece on BBC News America last night about rate increases due in the USA & I tend to assume where they go we follow suit. I'm concerned our joy could soon be curtained:eek:
Any educated guesses on what the next 2 years may hold for the BOE base rate?