Mortgage Rate Rises

413x said:
Wonder how it will pan out.

It'll have to ripple up right?

If someone is doing something easier/simpler etc for same money you either have to be paid more, or leave to do the simpler job
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This has been the case for years though.

My employers have "Seen it coming" since Boris pledged £11 by 2024 since 2019.

They've never actually done anything to sort it out.
 
I'm a little confused as to how they can give a 9.8% increase to NMW yet are touted to be giving the State Pension (in itself a NMW for retirees) an increase of half that (4.6% is being touted)

Now, I understand that some pensioners receive pension credits to help out but, again, this is looking like a meagre 4.6% increase in relation to 9.8% for NMW.

Again - this is what is being reported. I'll guess we'll see tomorrow?
 
I've gpt a feeling HSBC have just reduced their rates. Anyone able to confirm?

I was offered 5.29pc for 60pc LTV based on rates 6th Nov. It seems to hebdown to 5.04pc now. 2 yr fixed fee saver.
 
I was thinking 5 year fixed back in summer but now I’m thinking a 2 year fix may be better at .5% higher.
 
Well the day has come to be mortgage free, strange feeling, bit cheesed off that upon taking the final payment the lender basically removes the ability to view the account online, its like i never existed.....

Now to decide what to do next, we've owned multiple rentals and not interested in that anymore, thinking either the house renovation path or perhaps buying up land with a view to get planning and sell on or develop.

Either way going to be keeping a close eye on prices over the next few years.
 
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DB_SamX said:
I've gpt a feeling HSBC have just reduced their rates. Anyone able to confirm?

I was offered 5.29pc for 60pc LTV based on rates 6th Nov. It seems to hebdown to 5.04pc now. 2 yr fixed fee saver.
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Yes it has dropped. Also 4.84 for a fee. Good to see the downward trend.
 
Nutty667 said:
With regards to consumerism, comments about parents lives being soo much different are true. I mean sure there were things to spend money on, but it's not like now where everyone needs internet, and feels they need at least 2 streaming services and a big tv.
Other than bills and mortgages, household services was just 1 landline at around £5 a month back then. I don't think people realise these days just how much older generations went without.

When I was growing up, my parents had their own business and a flat they rented out, but we didn't have anything flash. A tiny 14" portable TV, no sky, no VHS for many years, no internet, no foreign holidays. Money was put away for emergencies and the future.
It's a different mentality these days.
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Definitely. Although I'd say that when I was growing up adults spent a lot more on physical media (newspapers, books, magazines, LPs/cassettes/CDs etc) as obviously there was no internet and only 3-4 tv channels. And in some cases these things were compounded like because there was no TV guide on the TV my parents would buy the Radio Times and TV Times (yes, iirc you needed to buy two separate magazines as BBC was in one mag and ITV/Ch4 in the other, until at some point RT got the lot).

Some things were also pretty expensive in real terms, like computers and even some toys to be honest.

Firestar_3x said:
Well the day has come to be mortgage free, strange feeling, bit cheesed off that upon taking the final payment the lender basically removes the ability to view the account online, its like i never existed.....
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The thing that ****** me off was my lender destroyed our house deeds without informing us first, I phoned up to ask what the process was for having them returned and they just casually put that out there "oh our policy is to destroy them" I don't even understand how that can be allowed, unilaterally deciding to destroy someone elses stuff without any consultation when they no longer have any claim over it :mad:
I know it doesn't matter that much in the grand scheme of things as you can pay to access Land Registry records but still seems really cheeky.
 
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Has anyone actually got the head line rates of 4.6% offered by nationwide right now?

Or any sub 5% rates in the last few weeks?
 
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HangTime said:
The thing that ****** me off was my lender destroyed our house deeds without informing us first, I phoned up to ask what the process was for having them returned and they just casually put that out there "oh our policy is to destroy them" I don't even understand how that can be allowed, unilaterally deciding to destroy someone elses stuff without any consultation when they no longer have any claim over it :mad:
I know it doesn't matter that much in the grand scheme of things as you can pay to access Land Registry records but still seems really cheeky.
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Thats why some people keep their mortgage open with a few hundred owing, free storage of documents etc. I imagine they destroy them for security reasons but yea I prefer data for such large bills to stay on file personally.


One tip I heard from a broker is no credit check applies for renewing a mortgage deal with whatever provider is already current. That does constrict choice though
 
HangTime said:
The thing that ****** me off was my lender destroyed our house deeds without informing us first, I phoned up to ask what the process was for having them returned and they just casually put that out there "oh our policy is to destroy them" I don't even understand how that can be allowed, unilaterally deciding to destroy someone elses stuff without any consultation when they no longer have any claim over it :mad:
I know it doesn't matter that much in the grand scheme of things as you can pay to access Land Registry records but still seems really cheeky.
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That's a bit naughty, I'd be annoyed too. When we finished playing off our first place they mortgage lender (ING Direct) sent us all the documents. We've got all the original documents for our current place too, including hand drawn full colour architects drawings, we're going to have them framed when I finally get round to it.
 
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