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Big inflation coming 2017 – stop borrowing, start repaying. Urgent!


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And friends said i was silly to fix my mortgage for 5 years in may

 

Glad i did now :-)

Colin, IMHO your absolutly on the button. If you can borrow on the present low rates, are able to get fixed rates and inflation takes off you would be quids in. The winners at the momement are those with fixed rate low interest loans and the losers are the carefull one's with loads of savings and earning next to nowt interest rates waiting whilst inflation erodes the buying power of their cash. Or worse still, they end up in a care home. House and cash gone.

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