It may be 1.8 was the full rate. Post isn't clear.
But it obviously would be more than 1.8 now with the base rate what it is
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Mortgage Rate Rises
- Thread starter glenimp617
- Start date
It may be 1.8 was the full rate. Post isn't clear.
But it obviously would be more than 1.8 now with the base rate what it is
Soldato
Our cheapest fixed rate is 6.99% this morning.
Some of the tracker/variables are cheaper.
Some of the tracker/variables are cheaper.
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Is anyone taking these up?
Soldato
Hopefully not!
Soldato
there will be people desperate enough to take them.. sadly.
Caporegime
Still over 200 days until my fix ends, and my provider only allows soft-locking in a new deal 90 days out, so the earliest will be the start of Feb for me to even try and do something, lol.
Soldato
WOW!!!
Im part way through my remortgage appliction with First Direct where i secured a 5yr fix at 3.09% at 53% LTV.
Just checked today and the same deal is now 5.34%!!!!
Im part way through my remortgage appliction with First Direct where i secured a 5yr fix at 3.09% at 53% LTV.
Just checked today and the same deal is now 5.34%!!!!
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Associate
- Joined
- 2 Sep 2007
- Posts
- 1,988
On Compare the Market there are only 15 mortgages from 5 lenders with zero fees and that's with a low LTV.
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I saw that last night, she is talking absolute rubbish, I can't find anywhere near a 10% mortgage online, the worst she could do is a shade over 6%,if she named the bank that offered her that then I'd believe her a little bit, but as it is, her story is completely BS.
Soldato
Our deal ends Feb 24 just hoping that it calms down a bit by then. Plan was originally to reduce term by 5 years, doubt we will be able to afford that now.
- Joined
- 30 Sep 2005
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- 16,637
Dyslexia? 4.10%
Soldato
Probably will get worse as the BOE is expected to raise rates.
As your in the 6 month window now I would start looking at mortgage deals. The longer you leave it the higher they will go I think
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Soldato
unlikely mate, it will probably be closer to 6% - you can arrange a new deal now, might be worth speaking with an independent advisor. for context my mate just paid 2k to exit his deal with expires next year to agree a new one now.
edit... just saw Feb 24, (not 23)
maybe that does allow some time to stabilize
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Soldato
Yeah we have an mortgage advisor. Going to give him a call see what he says.
Soldato
Interest rates are only headed in one direction so it may be prudnet to start having a look now and trying to get something decent secured. The days of sub 2% deals are pretty much over and I think anything around the 3.x % mark is going to be good value as the BoE will be increasing rates at least one more time before the end of this year.
Soldato
Nervous laughter.
Soldato
I mean that is a buy to let rate, and we are somewhat of a special lender, so that isn't representative of high street residential mortgage rates.
But our rates have gone up about 1.5% overnight.
I'm fixed at 2.02 until 2025. I've got a balance of 42k and savings of 25k I was keeping to pay off the max repayment each year.
Guessing now it should be easy to find somewhere to lock in that 25k and make more than 2.02% over 2/3 years in a fairly safe vehicle?
Guessing now it should be easy to find somewhere to lock in that 25k and make more than 2.02% over 2/3 years in a fairly safe vehicle?
Soldato
You can get 4.3% on a 2 year fix, likely to go higher though.