136.50 is greater than 0
Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Yes. I suppose it's OK as a peasant account.
Soldato
You'll do well here.
/S
Associate
My current mortgage runs out 1st week of July so I've been taking a look... currently looking at a Barclays 5yr tracker @ 4.1% with £499 fees.. overpayments are unlimited and there is no ERC.
Does that mean in theory I could bail out early and remortgage elsewhere should I wish within that 5 year period ?
Hoping to get 10% more of the mortgage paid off by July.
It can't hurt to get an offer on the table now and then re-evaluate nearer the time.
Does that mean in theory I could bail out early and remortgage elsewhere should I wish within that 5 year period ?
Hoping to get 10% more of the mortgage paid off by July.
It can't hurt to get an offer on the table now and then re-evaluate nearer the time.
Soldato
As long as the small print says no ERC then yeah, you can bail whenever.
The main thing to be wary for is that there could be more imminent/immediate interest rate hikes, and those will also hit your rate immediately, though not as if the fixed rates are that great right now either.
Associate
Thanks for that..
I'm kinda assuming BOE will put rates up at least another 1% this year but we'll see I guess.
Not many other places you can guarantee 7pc return
Soldato
I'm convinced at this stage he does it cause he knows it'll bug me
Got a promotion today.
Soldato
Stock market? No wait that's -7!
Well, it works out at 3.8% over the year. There are better savings rates, but that means you need the 3.6k to put in now in one go, rather than the ability to drip feed it in. So yea, it's currently the best of that type of account.
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Soldato
the 3600 will also earn basically half the headline rate somewhere else though
eg if he has the 3600 now in a 3% account he can in effect average the two rates and achieve that
Platinum rank in PUBG?
True, but I was working on the assumption the £300 was put in from monthly pay, rather than being transfered from another account.
15 mins to open the account online and set up a S/O, with 136.50 as the payout. That's what, £546 / hr, you're on a good hourly rate
15 mins to open the account online and set up a S/O, with 136.50 as the payout. That's what, £546 / hr, you're on a good hourly rate
Taking real inflation into account which we all know is well about the official rate, circa 25%, you're actually gonna lose money inside that 12 months anyway.
But you're going to lose £136.50 less than doing nothing
A better thing to do would be to buy some gold sovereigns with the £3600. If gold doesn't perform, you've only lost up to £3600 which isn't the end of the world.
Are you a Psycho, Sonny?!
Application form? Have we gone back to 1995?
Soldato
Stop being a moron with your comments so far. Just cause you want to be a douche and that because you want to make out you have monies when others don't. Just get off the soap box.