They probably will but not rapidly...

and not to the level of interest you will be paying above base rate on a fixed - if you spend a year paying 2% below the fixed rate it would then have to rise 4% over that year for another year paying on a fixed 2 year deal to even out what you would have paid. That possibly doesn't make full sense (I know what I mean) - but over a short fixed or variable deal the the interest rate will not rise that rapidly to go that significantly above the fixed rate to even it out. Yes payments go up if you are variable but they are already artificially up by fixing it.

Posted By: jonnym6, Oct 2, 11:11:29