Are interest rates really about to rise - and should you fix your mortgage long-term?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 22 September 2017
⏱️ 40 minutes
🧾️ Download transcript
Summary
This week the team ask the million dollar question: are interest rates really about to rise before the end of 2017? Are house buyers in property 'paradise' after a recent index showed a fall in monthly house asking prices - and should homeowners fix their mortgages for the long term? Brexit has thrown up many potential problems and could private expat pensions be one of them? And note mania is back - last week saw the new polymer £10 note launched. We tell you what serial numbers to look out for to potentially make a tidy profit. Enjoy.
Transcript
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| 0:00.0 | Welcome to the This Is Money Show in partnership with NS&I, your weekly roundup of the top personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their reward-winning website. I'm your host, Georgie Frost, and alongside Simon Nye is Consumer Affairs Editor Lee Boyce. And we're back to our favourite game of Will He, He, Mark Carney. |
| 0:22.0 | That unreliable boyfriend is back and dropping some heavy hints that interest rates could be on the rise before Christmas. |
| 0:28.2 | But haven't we heard all this before from the Governor of the Bank of England? |
| 0:31.8 | And would it be a wise move? |
| 0:33.9 | It would be a very brave thing for central bankers to do to increase interest rates at a time when the housing market looks like it might be rolling over. |
| 0:42.2 | Well, regardless of exactly when rates will go up, experts say this really is the last call to fix your mortgage. |
| 0:48.2 | If you want to get a super low rate, we'll tell you how. |
| 0:51.5 | We ask is Britain turning into a home buyer's paradise, with asking prices |
| 0:55.6 | falling by more than 3,000 in a month? Where is struggling the most? Also coming up just |
| 1:01.8 | weeks after it appeared expat pensions would be safe post-Brexit. We're now being warned they |
| 1:07.5 | may not be. Plus another successful investigation by This Is Money, but which company |
| 1:12.4 | is hauled over the coals this time, how you can get your energy bills paid off for a decade, |
| 1:17.5 | and is Lee a tenor millionaire? All that and plenty more coming up. Don't forget, you can stay |
| 1:21.9 | up to date with all the latest breaking money news. Just go to thisismoney.com.uk or download |
| 1:27.2 | the app. |
| 1:30.3 | This is Money, brought to you in partnership with NS&I, giving you 100% security backed by HM Treasury. |
| 1:40.9 | But for Simon, it looks like you may actually be right. I'm not suggesting you aren't always right, of course. |
| 1:46.3 | But you did say you thought rates could rise by the end of the year, and that was just before Mark Carney himself came out and dropped a very big hint that we could see them go up in November. |
| 1:55.5 | I know, don't hold your breath. We've been down this road before. But David Coombs from Rathbones thinks the Bank of England has |
| 2:00.9 | run out of ideas and any rise would be dangerous. The Bank of England has to wait to see |
| 2:05.6 | what the autumn statement brings from the government. What are the government's fiscal policy |
| 2:10.1 | plans? Because monetary policy has to dovetail with that. If Philip Hammond raises taxes, |
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