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property prices and interest rate rise

1 reply

hgkh485dfj · 11/10/2021 23:31

Been reading up on interest rates, and the general consensus is that they'll go up in February. We already own a property but are hoping to move in the next year. However, we also have quite a hefty mortgage. Now trying to decide what it means if interests go up and you are both selling and buying somewhere. We're in London so affordability etc is pretty stretched for most people

OP posts:
earsup · 12/10/2021 00:02

I doubt they will go up much as the huge Govt debt interest will also soar...but then again the inflation needs tackling also....can you do a long term fix...5 or 10 years...?...I did this when rates were 9% and hit 14% later..!..

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