Can't see much point in cash ISAs
Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Legal tax avoidance being the big one. Nowadays just about meets inflation. In the bad old days of 1%, it never did, 0.1% interest rates.
Soldato
- Joined
- 19 Oct 2010
- Posts
- 3,160
Edit. Wrong thread.
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Yeah, my ISA all goes into stocks. There's just no point keeping money in cash if its in for the longer term IMO. Trying to save just keeps you down. Granted of course that everyone's situation and goals are different.
My handicap is being 72. Fewer realistic gains. However if I had done it ten or more years back...
It will mostly go to family anyway.
I am looking for a house at the moment and I swear there is less coming on the market at the moment than there has been for months. Feels a bit odd. I expected Spring to be a bit of a boost for the listings.
All Tax Avoidance is legal, at least in a criminal sense.... "Illegal Tax Avoidance" is called Tax Evasion
/pedant
Only a 3rd of the business you normally expect is pretty significant surely?
All Tax Avoidance is legal, at least in a criminal sense.... "Illegal Tax Avoidance" is called Tax Evasion
/pedant
It's not necessarily a representation of the overall market.
There is a fair amount of competition in mortgage lending.
Soldato
- Joined
- 27 Aug 2005
- Posts
- 3,740
So what is the general consensus of years that people are choosing 2 or 5 years?
Well Labour are in for another four...
Got my new rates.
Current 1.89% £430 a month
4.89% 5 year £0 fee
£532/month
4.88% 2 year £0 fee
£532/month
4.42% 2 year £1995 fee
£516/month
am i right in thinking sorting by APRC is the best deal, so the 5 year 4.89% £0 fee comes out top? Fee vs no fee still confuses me.
Current 1.89% £430 a month
4.89% 5 year £0 fee
£532/month
4.88% 2 year £0 fee
£532/month
4.42% 2 year £1995 fee
£516/month
am i right in thinking sorting by APRC is the best deal, so the 5 year 4.89% £0 fee comes out top? Fee vs no fee still confuses me.
cost per year including the fees averaged out is a better comparison
for you, anything with £0 fee or minimal fees would be best as your mortgage amount is very low
fees are only better for larger mortgages
if you want to lock in for 5 years then the 5 year mortgage is best, if you want to gamble on rates falling then get the 2 year no fee
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Now its to see if else where has better deals. Those are with my current provider Bank Of Ireland.
Is it easy to remortgage with another provider ive never done it before. Do they deal with the transfer or is it more involved than simply clicking "accept new deal"
Is it easy to remortgage with another provider ive never done it before. Do they deal with the transfer or is it more involved than simply clicking "accept new deal"
i would definitely shop around, i'm sure with ~90k (i'm guessing) left to go your LTV should be reasonably low and 4.88% isn't a great deal tbh
no idea
maybe @BUDFORCE can advise lol
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LTV is 34%i would definitely shop around, i'm sure with ~90k (i'm guessing) left to go your LTV should be reasonably low and 4.88% isn't a great deal tbh
no idea
maybe @BUDFORCE can advise lol
First Direct have a 5 year at 4.19% £0 fee
I think ill probably take the risk with a 2 year fix though, i think rates should continue to come down.
Seems like it might be best to stay with Bank of Ireland didn't realise you needed to get a solicitor to remortgage. The cost of that will surely eat up any savings.
£720 difference between them, add on legal costs and the hassle. I'm not sure it's worth it.
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most products will cover the legal fees so check first before you go with a higher rate