Financial Advice
Financial Advice
Out of context: Reply #45
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- matski0
If peeps start to move money out of the UK, then obviously the value of the £ will drop and alongside brixit (if/when it happens), then the national interest rate will increase, meaning everyone with a Tracker mortgage or akin will start paying a lot more each month.
However, on the upside, a higher interest rate will mean better rates for savers (like myself), so everyone take ya money out of the UK, and do me a solid.
- Why would your mortgage rate be better for you? If it goes up, it goes up for everyone. Most long term mortgages are going to have rates locked in.formed
- (locked in at current rates). You'll be the one paying the new, higher rates, if I am following you correctly. Sorry.formed
- I don't have a mortgage. I have savings, so increase in interest rates will benefit me.matski
- Put your savings into foreign currency now, then after brexit change back to £ - instantly gaining +30% interest when the £ falls...shapesalad
- Nice idea shapesalad, sadly I cannot withdraw my savings, as they are in a fixed scheme.matski
- ^ Replying to your original question (above post). Buying into gold is always a safe bet.matski