Shikasama wrote:Think historically the average is around 8%, I know when my parents bought their house in the 80's interest rates peaked at around 14%!
My gut feeling is that interest rates will remain relatively low for a while yet, but who really knows. I worked out what my repayments would be based on the average of 8% and pay that - so I know I can comfortably deal with a rise up to 8% and while the rates are low I can over pay and chip away at the capital.
#9738446, By henro_ben First Time Buyers
henro_ben 2,163 posts
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