Then all good as long as it did actually complete today - Santander should auto refund you any overpayment.
Mortgage Rate Rises
- Thread starter glenimp617
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Soldato
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If HSBC have sent santander the funds to clear your mortgage today then you now owe HSBC.
Until HSBC send those funds you are a Santander mortgage customer, with no deal, and hence on SVR.
Santander are a bit of pain as you cannot leave early without picking up fees. the vast majority of lenders let you off at the end so you can switch just before your deal technically ends.
They do let you switch 2 months early to other Santander deals, if the rate is lower than you currently pay. Done that pretty much last 3 remortgages with them.
Deleted User 298457
Deleted User 298457
Annoying that Money Supermarket keeps getting my hopes up 
I head to Nationwide and........
I head to Nationwide and........
I know I'm stating the obvious here but it's not an average house though given the borrowed amount alone is 3x the average house price, never mind however much equity they have. Expensive house is expensive to mortgage 
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I know I'm stating the obvious here but it's not an average house though given the borrowed amount alone is 3x the average house price, never mind however much equity they have. Expensive house is expensive to mortgage
It's only a 3 bed semi though
Not that there's anything wrong with a 3 bed semi! But it's not the mansion you'd think from the size of that mortgage lol
Deleted User 298457
Deleted User 298457
It's my personal savings pot - definitely won't be here forever. With a lower mortgage I reckon I would lack the discipline to keep the money "safe", and I'd certainly have earned a lower return on investment
The size/shape of the house is somewhat irrelevant. The market is willing to bear the price, therefore that is the price.
The size/shape of the house is somewhat irrelevant. The market is willing to bear the price, therefore that is the price.
A 3 bed semi can still be pretty big, it might be in an expensive area like greater london, on a big plot bla bla. I don't assume £680k mortgage means mansion, that's a flat in some locations never mind a semi-detached house. Equally I'm sure there are some mansions elsewhere in the country that cost less than the average house price, perhaps because they are in a state of disrepair, hard to insure/mortgage etc.
All we can go on really is say ok this person has a mortgage that will cost about two-thirds of average house price over 5 years, but we also know the mortgage is huge compared to an average house due to whatever reason, so to me that's not a big surprise. Just like some people might have a car on finance and they pay more over 2 years than the cost of an average car... the car might be smaller in size than the average car (2 seat supercar or whatever)... but all that matters is the pricetag really.
All we can go on really is say ok this person has a mortgage that will cost about two-thirds of average house price over 5 years, but we also know the mortgage is huge compared to an average house due to whatever reason, so to me that's not a big surprise. Just like some people might have a car on finance and they pay more over 2 years than the cost of an average car... the car might be smaller in size than the average car (2 seat supercar or whatever)... but all that matters is the pricetag really.
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Deleted User 298457
Deleted User 298457
Yeah what I meant wasn't a dig/call out --- I just mean, the price is whatever the market will bear for a given area. My remote colleagues are often shocked at what I got for the money, but it is what it is, that is what you get where I live for that kind of money. Unlike a car on PCP as well, this doesn't depreciate to nothing, typically it beats the market over time.
It's definitely average in terms of living space but distinctly way above average when you consider the national average value wise
. I can either get modest returns on this and make bank, or require mega returns on a cheaper house for the same net return. Not that returns are what drive me, but it is the insurance policy if I get sacked.
It's only a 3 bed semi though
Not that there's anything wrong with a 3 bed semi! But it's not the mansion you'd think from the size of that mortgage lol
But he could buy mansion elsewhere after retiring!
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they wont until labour gets in ... sept oct next yr maybe ..if they cut it now markets will punish them .. pound will drop ..
Another 1.9% at a guess
1st February
Hoping before December at least just in time for my mortgage renewal ha
A man with confidence eh?
We're just about to exchange and have held off a little just to get the best rate we could - which currently is 4.36% for 5 years. Works out fine with our budgeting - and we'd originally agreed the mortgage at 4.62%.
Wild to think that 4.36% now isn't bad - but ultimately it meant the house we are buying was dropped in value by almost 100k and we're not being risky with our approach / costs. Ideally exchanging this side of the year and completing in early next.
And then avoiding any sort of news about mortgage rates for another 4/5 years and burying my head in the sand...
Wild to think that 4.36% now isn't bad - but ultimately it meant the house we are buying was dropped in value by almost 100k and we're not being risky with our approach / costs. Ideally exchanging this side of the year and completing in early next.
And then avoiding any sort of news about mortgage rates for another 4/5 years and burying my head in the sand...
1st April