MancunianStacker

I agree with everything else but I just can’t see this. They (Govt and Economy) need everyone spending like money is going out of fashion to make up for the last year of hell. The BOE even check with retail banks if their systems could cope with negative rates. If they didn’t feel this was a possibility, why ask? The Govt would love a negative rate so they could tax less in the eyes of voters but have the same budget to spend. 🤔 Predicting interest rates is pretty hard though, so if you don’t like risk, fixing for as long as possible could save you a lot of money if the tide turns. I wish I could get a 25 year fixed rate for my residential. I’d jump at it even at around 4%. Knowing it could be 7-8% one day scares the living 💩 out of me. My day remembers 15% base rate in the 1980s.

I have a feeling rates will stay reasonably low foe the next two years and then normalize and then go up further but it really is a crystal ball job. Anything can happen in 1 year, Covid-19 priced that. What could happen next, a war with China? Middle East? Etc. I believe there are 15 year mortgages available with a couple of lenders, maybe just the one and you need enough equity to access that product I.e there are no 15 year fixed rates at 95% loan to value (LTV). in the states I believe there are 25 year fixed rates but I’m guessing the penalties to refinance on these are higher?? Maybe someone across the pond 🇺🇸 can verify that for us Brits?

Mention in your advert that it’s a 3-4 day turnaround to post your product. By then managed payment should have cleared into your account. This is what eBay have made sellers do to ensure they don’t get scammed after sending out the product but not receiving their money. Also mention in your listing how long it takes too. As long as buyer is aware it won’t be instant like the old days they can’t complain about speed in feedback. eBay might then start to speed up managed payments if all sellers did this. PayPal paid me instantly so why does eBay need 3 days 🤔 Interest on your money although they claim it’s not the reason, so what is the reason 🤷‍♂️ Hopefully it speeds up once everyone is on the system for a few months 🤷‍♂️

Could be a contender for Great Engravers that design! I love it