the economy.

[metalblue]

So when will interest rates on savings go back up now we're on the up and up ???

The QE exit is in sight, advanced economies are getting on a footing to handle shocks from a rate increase, especially the US. For UK I expect a modest rate increase (0.25%) sometime during second half 2015, I would go further and say Q4 2015. After that I see a fairly regular uptick in rates, 2016 averaging around 3%, 2017 4%. UK neutral rate of 4.5% should seen in 2017.

-- Mon Aug 12, 2013 2:51 pm --

The eurozone has one more rate cut in it, probably at end of this year

Im wondering whether to go for a 2 year or 5 year fixed rate mortgage - given what you are saying there wouldnt be much in it savings wise. 2 years fixed the base rate is unlikley to change anyway but the 5 year deal may pay dividends towards the end.

I'm not really qualified to say mate, you need to do what is right for your own circumstances...there is only upside risk at the minute and I can only give my opinion on how I see it playing out. If I was locking in I would go for the longer period, time = uncertainty but I'm not thinking of locking in.

 

[bgblue]

No good for me though SWP. No debts so struggle to keep up with inflation

You want to see an IFA mate ;-)

I have. Done my ISA's, paid my pension. Invested in a VCT, done the house up.

Now what?

Buy another house, do it up, then rent it out.

 

[SWP's back]

You want to see an IFA mate ;-)

I have. Done my ISA's, paid my pension. Invested in a VCT, done the house up.

Now what?

Buy another house, do it up, then rent it out.

Or put money more money in equities which performs better....

 

[jacko74]

I don't know if it's already been mentioned and I don't know how to post links.. but have a look on youtube for a video called 'The end of Britain' from Moneyweek magazine, pretty scarey stuff.

 

[Ronnie the Rep]

I have. Done my ISA's, paid my pension. Invested in a VCT, done the house up.

Now what?

Buy another house, do it up, then rent it out.

Or put money more money in equities which performs better....

Don't want another house, too much hassle

 

[bgblue]

I cashed in isa's, emptied most of my savings and put 25-27k into a buy to let. The value increased by 15k (as of last year). My 25-27k is still there as equity, and I earn £320 per month before tax, didn't think that was too bad, but I'm no expert on finance, only boilers :)

 

[SWP's back]

I cashed in isa's, emptied most of my savings and put 25-27k into a buy to let. The value increased by 15k (as of last year). My 25-27k is still there as equity, and I earn £320 per month before tax, didn't think that was too bad, but I'm no expert on finance, only boilers :)

No that is great but I have a client list as long as your arm that have seen no growth on their buy to let portfolios in 5 years.

As with all things, it depends how yours does.

 

[bgblue]

I cashed in isa's, emptied most of my savings and put 25-27k into a buy to let. The value increased by 15k (as of last year). My 25-27k is still there as equity, and I earn £320 per month before tax, didn't think that was too bad, but I'm no expert on finance, only boilers :)

No that is great but I have a client list as long as your arm that have seen no growth on their buy to let portfolios in 5 years.

As with all things, it depends how yours does.

Glad I've done something right Sam, the missus was fucking dead against it! Think she bought into all the uncertainty, and wanted a bit of security in the bank, then I went an virtually emptied it. Coming round a bit more now though

 

[SWP's back]

I cashed in isa's, emptied most of my savings and put 25-27k into a buy to let. The value increased by 15k (as of last year). My 25-27k is still there as equity, and I earn £320 per month before tax, didn't think that was too bad, but I'm no expert on finance, only boilers :)

No that is great but I have a client list as long as your arm that have seen no growth on their buy to let portfolios in 5 years.

As with all things, it depends how yours does.

Glad I've done something right Sam, the missus was fucking dead against it! Think she bought into all the uncertainty, and wanted a bit of security in the bank, then I went an virtually emptied it. Coming round a bit more now though

No you've done great mate and I am thrilled for you. It really helps in you are in a trade as well and that you know your area and also buying and selling at the right price (I know that sounds so simple as to be idiotic but it is true none the less).

 

[Ronnie the Rep]

No that is great but I have a client list as long as your arm that have seen no growth on their buy to let portfolios in 5 years.

As with all things, it depends how yours does.

Glad I've done something right Sam, the missus was fucking dead against it! Think she bought into all the uncertainty, and wanted a bit of security in the bank, then I went an virtually emptied it. Coming round a bit more now though

No you've done great mate and I am thrilled for you. It really helps in you are in a trade as well and that you know your area and also buying and selling at the right price (I know that sounds so simple as to be idiotic but it is true none the less).

This is so true. The thing that put me off most was the fact that I would have to buy a long way from where I live as house prices in my area are crazy. I don't feel I would have enough control or enough info to make an informed decision