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05-03-2009, 18:28

The interest rate won't stop this long for ever, look back at the late 80's when the rate was at something like 10% within the space of 6 months it had gone upto around 20%, my mortgage went from Â£58 a month to Â£108 a month in 6 months, this caused the big recession of the late 80's with peoples houses getting snatched back by the lenders.

Beware which deal you go for.

05-03-2009, 18:28	#10
Nidge Guest Location: Sutton in Ashfield. Services: Virgin, phone and 50meg Broadband. Posts: n/a	Re: Mortgage advice please. The interest rate won't stop this long for ever, look back at the late 80's when the rate was at something like 10% within the space of 6 months it had gone upto around 20%, my mortgage went from Â£58 a month to Â£108 a month in 6 months, this caused the big recession of the late 80's with peoples houses getting snatched back by the lenders. Beware which deal you go for.