Mortgage Rate Rises

[Stu999]

https://www.moneysupermarket.com/mortgages/rates-table/home-purchase/?propertyValue=400000&mortgageAmount=340000&remainingTerm=25&repaymentMethod=Repayment&mortgageType=Variable,Fixed&mortgageTerm=TwoYears,FiveYears,ThreeYears&sortState=InitialRate&directFromLenders=false

Based on 15% LTV

85% LTV

 

[Deleted User 298457]

Surely fixing for 5 years now is a bad idea? You've really got to go against all the grain to take that option.

Vast majority see 5pc rates for a year ish then falls. If it goes much higher it'll be ruinous anyway. I doubt 6pc could be sustained for long without doing huge damage

Gotta hedge your bets man. My mortgage is in two bits so I can fix 320k at 5% and then I can wait until August to fix the next 350k ish

 

[413x]

Gotta hedge your bets man. My mortgage is in two bits so I can fix 320k at 5% and then I can wait until August to fix the next 350k ish

Not a bad shout really. Take one on a fix and other on a tracker or something

 

[Deleted User 298457]

Not a bad shout really. Take one on a fix and other on a tracker or something

Are you YOLO'ing my crippling debt on my behalf?

 

[413x]

Are you YOLO'ing my crippling debt on my behalf?

Dr pepper... What's the worst that can happen? Least you have your mansion!... Wait..

 

[Deleted User 298457]

Dr pepper... What's the worst that can happen? Least you have your mansion!... Wait..

Least my government trusts me to do 30mph!!!

 

[413x]

Least my government trusts me to do 30mph!!!

To soon! Too soon!

And by time you're finished you could buy a whole street over here!

 

[Deleted User 298457]

To soon! Too soon!

And by time you're finished you could buy a whole street over here!

What is this word you say..."finished"...??

 

[413x]

What is this word you say..."finished"...??

That sweet sensation you'll get when it's paid off?

 

[Deleted User 298457]

That sweet sensation you'll get when it's paid off?

Never!!!

 

[adam cool dude]

Least my government trusts me to do 30mph!!!

Your government doesn't trust you but as you are packed in like sardines down there you can barely get up to 10mph on the road anyway.

 

[Deleted User 298457]

Your government doesn't trust you but as you are packed in like sardines down there you can barely get up to 10mph on the road anyway.

I love this illusion that my obscene levels of debt mean I live in London

 

[matt100]

I love this illusion that my obscene levels of debt mean I live in London

I'll wager you are in the south

 

[CapitalOne]

I love this illusion that my obscene levels of debt mean I live in London

Ulez zone or not? If not, not “London”

 

[Syla5]

Gotta hedge your bets man. My mortgage is in two bits so I can fix 320k at 5% and then I can wait until August to fix the next 350k ish

£670k of mortgage?! Thats got to sting coming off low rates i feel sorry for you.

 

[Hagar]

£670k of mortgage?! Thats got to sting coming off low rates i feel sorry for you.

Don't, he revels in it.

 

[koolpc]

£670k of mortgage?! Thats got to sting coming off low rates i feel sorry for you.

£670k mortgage! Yikes!!

Most my mortgage ever was for was £38k!! Many moons ago!!

 

[413x]

£670k mortgage! Yikes!!

Most my mortgage ever was for was £38k!! Many moons ago!!

More like many suns ago!
Pesky boomers!

 

[flea.rider]

More like many suns ago!
Pesky boomers!

more likely to be gen x 35k to go

 

[413x]

more likely to be gen x 35k to go

Just hit 200k left this month!

Rip