Mortgage Rate Rises

delta0 said:
Whenever it is. It is now putting downward pressure on mortgages. The base rate is not the only determining factor. Swaps which are more forward looking are falling which is what is driving the Nationwide rate down and is the start of a new trend.
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Any further drops would be welcome as I'm up for renewal in April and currently looking at 2 years @ 5.42% with no fees. Coming from 1.89%.
 
Looks like Nationwide is under 5% for me. I've locked in a rate, hoping to re-lock in the lower rate. Prepping for March!
 
TNA said:
Any fees up front for that? What did the process involve?
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So just discovered how garbage it is.

1. I phoned up with 6 months to go -> was fobbed off that website doesn't work until 5 months to go. Fine.
2. I got onto the website to lock in new deal and extend term. Website didn't allow me to do both at once. Lady "assumed" I could do two separate processes and they'd magically combine. I thought whatever I'll lock-in what's available just in case.
3. The rate has decreased. I go to the website to lock-in the new deal. It says I have to cancel my original deal first, by phone. I then have to wait 5 days before I can lock-in a new deal.

Any renewal is £1k. I have two mortgages running ~6 months apart. So I'll have to pay a £2k fee. I was planning to combine and have a single, but I am basically stuck with Nationwide forever as their SVR will bankrupt me.
 
413x said:
I need to go back soon.
Its a bit too DH for me though
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I'm a bang average MTB rider and I only have a trail bike with 140/120mm travel but I love doing the blues and reds. They are so well built and you can absolutely hammer it down them. I don't wonder about hiring and enduro bike and trying some of the blacks but I think my skills might betray me.
 
fez said:
I'm a bang average MTB rider and I only have a trail bike with 140/120mm travel but I love doing the blues and reds. They are so well built and you can absolutely hammer it down them. I don't wonder about hiring and enduro bike and trying some of the blacks but I think my skills might betray me.
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Red is my top limit.
I've been bounced off at BPW on my hard tail.

I find the reds at BPW harder than other reds anywhere else. I'm more a cross country long red person.

Like trails.
 
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Can't see a minor rate cut get the movers market ticking over too wildly but do expect that will slow or flatline the price dips if affordability improves over the medium term.
 
gazref said:
Can't see a minor rate cut get the movers market ticking over too wildly but do expect that will slow or flatline the price dips if affordability improves over the medium term.
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Will probably be pent up demand by then if job market holds.

No one wants to move.. But eventually the backlog will clear itself naturally
 
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