Cable prices going up. Anywhere to buy in bulk?

[HappyHippyDad]

I've had quite a bit of cable stored up so haven't had to buy any for a while. The prices look crazy!

I don't mind spending a few thousand on buying in bulk as you save hundreds. Is there anywhere that people use to buy in bulk? I'll try rexel on Monday but they're not usually the best for prices with twin and earth.

What sort of prices are you guys getting for 1mm - 6mm twin and earth?

Hope you're all having a relaxing Sunday! ?

 

[Dustydazzler]

Do we really think rates will climb back to the 4-6% rates again..??

I just can;t see it personally

 

[LukeD]

Do we really think rates will climb back to the 4-6% rates again..??

I just can;t see it personally

Yes.....

 

[Dustydazzler]

Yes.....

Seriously ????

 

[nicebutdim]

Yes.....

Not a question of if it'll happen, but when. Hopefully not soon.

We remortgaged late 2019 and went for a 5 year fixed rate. 3 year fixed was fixed slightly lower, but I just couldn't see the base rate remaining at 0.5% for the next 5 years. Who knew Covid would come and drive it down a bit more, but I reckon that 5 year fixed term will prove to be the right move.

The mortgage adviser thought we were mad going for 5 years, but that slight rate difference suggested the banks were employing the same thinking as we were.

 

[nicebutdim]

When disagreeing with the idea of interest rates at 5-6%, it's worth remembering that such levels are well below average for the last half century.

 

[Gavin John Hyde]

Think of it on these terms inflation is going up and by next spring could be anything around 6 or 7 % upwards.
The bank of england have to counter this by raising interest rates. It wont jump from current levels to say 5% overnight but within 2 years it will go up a few percent.
The effect will be tracker mortgages will go upwards.
New mortgages will have this factored in by the lenders.
All those who have stretched themselves to the limit on mortgages, especially help to buy are in for a rude awakening. Reposessions will go up. Property will correct itself on prices as at present levels they are not sustainable.
I personally look forward to it as i have a nice tidy deposit sitting there for the right.property.
I do believe mortgage lenders are meant to stress test you for rates at 5% when deciding affordability... Not sure if this is still done?

 

[nicebutdim]

Fact is that government borrowing has shot through the roof, during the last 18 months, with a significant increase in national debt. If we don't get our act together then we're likely to see the UK's credit rating downgraded, which means higher interest on borrowing. The current national debt has to be reduced, that's a simple fact, and this can be done off the back of a bouyant economy, reduced spending or increased taxation. All the while there needs to be a lid kept on inflation or the economy will start to shrink as consumer spending reduces. I don't want interest rates to increase as it's not in my interest for them to do so, but the reality is that they will - what is in doubt is by how much they'll rise and when?

 

[westward10]

This is somewhat drifting from @HappyHippyDad question.

 

[nicebutdim]

Indeed, although it's similar speculation on a slightly grander scale.

 

[LukeD]

Seriously ????

I know many that struggled to keep their homes at 14% years ago.

 

[123]

When disagreeing with the idea of interest rates at 5-6%, it's worth remembering that such levels are well below average for the last half century.

I'd started on a reply, then the kids took over.

No I don't see us getting anywhere close to 5% interest rate in next few years, whats happened in the past is exactly that - its in the past. The approach appears different now.

 

[nicebutdim]

I'd started on a reply, then the kids took over.

No I don't see us getting anywhere close to 5% interest rate in next few years, whats happened in the past is exactly that - its in the past. The approach appears different now.

I hope you're right and I'd happy to be proven wrong.

 

[OnlQQker]

From last Sunday when I read it... Bank official warns of early interest rate rise as Kraft Heinz puts up prices - https://www.theguardian.com/business/2021/oct/10/bank-of-england-michael-saunders-warns-potential-early-interest-rate-rise

 

[mattg4321]

I'd started on a reply, then the kids took over.

No I don't see us getting anywhere close to 5% interest rate in next few years, whats happened in the past is exactly that - its in the past. The approach appears different now.

Totally agree. No government will want to preside over high levels of repo’s.

Interest will be allowed to run higher than pre 2008 as it did around 10 years ago. Benefit for the government is that it inflates away the national debt to some extent.

House prices have only got so ridiculous partly because of low rates meaning people can borrow more. If they pull the rug now then most people with a mortgage will struggle. Including those buy to let mortgages which will push rents up. The BoE and it’s members on the monetary policy committee are not stupid people. They will pick the least worst option. Inflation.

Imo and at a guess rates will rise a bit, but the base rate probably won’t go above 2-3% in the next 10-20 years.

 

[HappyHippyDad]

This is somewhat drifting from @HappyHippyDad question.

I fear everyone is still ignoring your gentle push ?.
Q "Hi, where can I buy bulk cable?"
A "Get a tracker mortgage"
??