See you on the flip side

[GNEP]

Interest rates indeed. Although personally speaking, being the prudent type I have done the numbers and am OK as long as rates stay below 12.5% in the next 3 months and after that up to 15%. Sometimes being a finance bod can be useful

[Fat Tone]

@Paddy - Congrats say hello to Nemo for me

@GNEP - Bloody hell - why are you thinking of numbers that high? Know something we dont? Good luck btw

[GNEP]

Tony - no, just establishing what my limits are... there is historical precedent though for rates like that as I'm sure you know so you never know...

[Fat Tone]

We were paying 10.5% fixed for the first couple of years, so managed to miss the very peak of rates in the early '90s. I tend to fix my rate for 2-3 years at a time, but I have had to buy myself out more than once!

[GT98]

Originally posted by GNEP
Interest rates indeed. Although personally speaking, being the prudent type I have done the numbers and am OK as long as rates stay below 12.5% in the next 3 months and after that up to 15%. Sometimes being a finance bod can be useful

Holy shit guys...thats just nuts

I got my Condo for 6% over 30 years

[GNEP]

Just a worst-case scenario. The vast majority of mortgage lending in the UK is on a floating rate basis, or at a push 2-3 year fixes. We don't have Fannie Mae or Freddie Mac here

[Fat Tone]

I'm guessing you aren't trusting in Endowments then?

[GNEP]

Straight 25-year repayment for me with the ability to overpay whenever I want

[Fat Tone]

I wish I could have afforded to do that when we started. My endowments are hurting! No bonus at all on my smaller on this year

[GNEP]

Originally posted by Fat Tone
My endowments are hurting!

Now that could be taken quite differently

[Fat Tone]

LOL! Actually, I'm still waiting for the date to come through...< snip >...ouch!

[Paddy]

Mine's a var rate, 1.25% discounted below base rate for 3years over 35years.

[SpiralDragon]

actualy dragons BLOW.... hot air that is...