Thread: Bank of England raises Interest Rate to 5%
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Old 22-06-2023, 17:53   #11
jfman
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Re: Bank of England raises Interest Rate to 5%
Quote:
Originally Posted by Chris View Post
There’s a big difference between seeing that rates are very likely to go up and having the resources in terms of time and money to simply rearrange all your financial affairs to take a punt on it. I have no idea what your personal circumstances are, but on our part ignoring the mortgage adviser who was heavily pushing 2-year fixes and insisting she present us with some 5-year options was as much as we could do. We were after all in the middle of moving house, which is quite a busy time as it is.
I’m only pointing out an element of speculation involved. As you describe it’d be taking a punt.
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