Had a 85pc LTV and 1.93 at 10 years in Feb 2022.
Cant remember in 2020 as it was 2 or 3 I looked at
Mortgage Rate Rises
- Thread starter glenimp617
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Had a 85pc LTV and 1.93 at 10 years in Feb 2022.
Cant remember in 2020 as it was 2 or 3 I looked at
Soldato
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- 17 Jun 2012
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- South Wales
I work in IT for a construction company.
Just fluked into it to be honest lol with the companies massive growth past few years.
IT jobs went crazy from 2020 to be a now.
Anyone who didn't get a pay rise in the right areas has been stuffed.
It’s a lot less of a risk than you think.
Most U.K. mortgage are fully portable and a completely normal process for all mainstream lenders, aka very easy.
The main caveat is you obviously need to meet their lending criteria when you want to port. The chances are if you met it before, you’ll meet it again assuming you don’t have a very significant change of circumstances. At the end of the day, mainstream lenders cater to the 90 percentile of people.
Basically don’t emigrate or get divorced and you’ll be unlikely to run into any problems.
Soldato
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- 12 Feb 2006
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Has anyone who's about to hit their renewal date (not the date that they can start getting a new deal but the date the renewal kicks in) seen the deal they had back 6 months, come down at all?
My broker says what we have is the best, we agreed about 5 months ago, but I'm weary of brokers, who have a bigger relationship with the mortgage companies than they do with little me and my single mortgage. Keep us on a higher deal while there's lower available perhaps gives a better kick back for them.
My broker says what we have is the best, we agreed about 5 months ago, but I'm weary of brokers, who have a bigger relationship with the mortgage companies than they do with little me and my single mortgage. Keep us on a higher deal while there's lower available perhaps gives a better kick back for them.
Most mortgage brokers are complete *****.
Yeah lots of brokers are looking at commission for themselves rather than you. Especially the so called 'free ones'
I always remember a time I could see a screen of a independent one we sat with a few years back. Coop was offering him £400 commission, although I could not quite see the rates I could see he was focused on pushing that. Maybe it was the best one, but considering it was a large list he did not take much time to come to the conclusion that coop are the best !
When I checked myself nationwide were much cheaper and I have been with them ever since.
I would probably recommend spending time with a financial advisor that covers mortgages rather than someone who just does mortgages if you want advice, but as others have said you can do most things yourself these days.
The biggest question is how long to fix for with the current market. 2 years and hope it comes down ? Or 5 years and hope it gets worse .... So you feel vindicated
I always remember a time I could see a screen of a independent one we sat with a few years back. Coop was offering him £400 commission, although I could not quite see the rates I could see he was focused on pushing that. Maybe it was the best one, but considering it was a large list he did not take much time to come to the conclusion that coop are the best !
When I checked myself nationwide were much cheaper and I have been with them ever since.
I would probably recommend spending time with a financial advisor that covers mortgages rather than someone who just does mortgages if you want advice, but as others have said you can do most things yourself these days.
The biggest question is how long to fix for with the current market. 2 years and hope it comes down ? Or 5 years and hope it gets worse .... So you feel vindicated
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The only surprise about this article is how we aren't in an offical recession already is baffling...
www.bbc.co.uk
Firms going bust on track for worst year since 2009
Insolvencies rise 10% from a year ago in the three months to the end of September, official figures show.
www.bbc.co.uk
2 and 5 year fixes have come down. Share what deal you have and someone can take a quick Look.
Not going by broker got me 750 quid!
They had exactly the same deals as price comparison. And also gave me bad advice (ie they got the prediction for the next 6 months badly wrong)
Deleted User 298457
Deleted User 298457
Conversely, going by broker got me £750
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Soldato
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I really like my broker. I've used him three or four times and he's been great. I've recommended him to many people.
My guess is a lot of these companies at risk of insolvency weren't contributing much to GDP a year ago, so in the context of a recession (economy not people), they won't be missed much.The only surprise about this article is how we aren't in an offical recession already is baffling...
Firms going bust on track for worst year since 2009
Insolvencies rise 10% from a year ago in the three months to the end of September, official figures show.
Now clearly the fact that firms are going bust may be indicative of wider issues in the economy i.e. bigger companies having less cash to spend with smaller companies etc, and if significantly numbers of people become unemployed that could hold back growth. But it's quite possible to have economic growth against a backdrop of increasing insolvencies.
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If there are perks to either (cashback in my case), that's probably best way to decide. Especially remortgage as that's super basic. (if your circumstances are typical)
I'd bet good money that a significant proportion of those insolvent companies were being naughty during covid / furlough and claimed what they shouldn't have. They've probably been hit with a big bill over the past year and have gone insolvent to try and avoid paying HMRC.
Soldato
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- 12 Feb 2006
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- Surrey
I'm self employed and have some limited companies. It's far easier to pay the £150 each (£300 total) and we were mostly set up from the purchase 5 years ago with the same guy, so it felt a straight forward decision. I'm just doubting now when I hear of drops and he's not able to find anything
I just renewed mine last week.
Went from 3.39% to 6.69%.
Although we've paid off such a large chunk that our repayments went down to about £171.34 a week from just over £200.
We'll probably be done and dusted with the thing in mid 2025.
Went from 3.39% to 6.69%.
Although we've paid off such a large chunk that our repayments went down to about £171.34 a week from just over £200.
We'll probably be done and dusted with the thing in mid 2025.