Re: Interest rates to rise..
Re: Interest rates to rise..
Yes Bruce, but you don't want to tie ALL your money up in term investments. You need to keep some that you can have instant access to. What is happening currently is that you are virtually paying the bank to keep your money for you.Re: Interest rates to rise..
Said this before, WHEN interest rates rise, most buy to let Landlords will go bust, because tenants will not be able to meet the increased rents required to meet the increased mortgage payments, there will then be a glut of repo's on the market which will reduce the market value of every ones properties and a glut of potentially homeless people, just because some folks want an extra couple of quid per thousand on their savings.Re: Interest rates to rise..
Re: Interest rates to rise..
Yes, Grumblewagon's OP was full of the usual shortermilsm Imo, if a property is owned, and not mortgaged, it is still subject to the actions of market forces, extra interest (on savings) in the living years will result in reduction of inheritance for future generations, or even in this life reduction of possible capital release.Re: Interest rates to rise..
Re: Interest rates to rise..
Re: Interest rates to rise..
Re: Interest rates to rise..
Re: Interest rates to rise..
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