Remortgage advice

[5times5times]

Where's best to place savings now then?

Under the mattress?
Property abroad?
Crypto?
S&P fund?

[quit yo jibbajabba]

None of those would be classed as savings

[JPGJOHNNYG]

Where's best to place savings now then?

Under the mattress?
Property abroad?
Crypto?
S&P fund?

Lump it all on Ireland to qualify for the Euros. It's a sure thing

[5times5times]

None of those would be classed as savings

Apols, I meant ££ kept in a rubbish 0.0001% savings account..

[J70]

None of those would be classed as savings

Apols, I meant ££ kept in a rubbish 0.0001% savings account..

Surely high interest rates means you can get a better yielding account?

[imtommygunn]

It does. Generally the interest on loans if higher than on savings but you shone fit to get four percent our so on cash isas.

[RedHand88]

None of those would be classed as savings

Apols, I meant ££ kept in a rubbish 0.0001% savings account..

Surely high interest rates means you can get a better yielding account?

It does, but the author has been hoodwinked by investing into crypto bro.

[Maroon Manc]

Majority of people will have their money in poor interest paying accounts, key is too keep moving it. If everyone did that we'd get better rates but unfortunately that will never happen.

[seafoid]

Where's best to place savings now then?

Under the mattress?
Property abroad?
Crypto?
S&P fund?

Right now it's short term bonds

[Saffrongael]

Are house prices on the slide now with the constant increase in interest rates ?

[trailer]

Are house prices on the slide now with the constant increase in interest rates ?

The data is always months behind. We probably won't know for sure for another 3-6 months. Mortgages all come down to the monthly at the end of the day. So depends on peoples affordability and what they are willing to pay. But there are no shortage of jobs and wages are on the rise still so its a case of waiting and see.

[CK_Redhand]

https://www.frbsf.org/economic-research/publications/economic-letter/2023/march/house-prices-respond-promptly-to-monetary-policy-surprises/

Not quoting the mass-ignored poster above. Seems to be a couple of weeks for housing market to react to monetary policy change.

[seafoid]

Monetary policy operates with an unknown lag.

[quit yo jibbajabba]

None of those would be classed as savings

Apols, I meant ££ kept in a rubbish 0.0001% savings account..

Havent checked in a while youd hope 2-3% available from the shysters...

[bennydorano]

How many times have we heard this will be the event that eventually tips the housing market?? I do think this is the one though  housing in GB, specifically SE England, is the driver of the whole UK market, when it drops there as already appears to be on the horizon, the contagion will spread to the peasants in the regions.