House sales in my area has pretty much doubled and houses not really selling. Don't know who these people are but I'm willing to take a bet that it's overleveraged landlords fleeing the murder scene.
Mortgage Rate Rises
- Thread starter glenimp617
- Start date
House sales in my area has pretty much doubled and houses not really selling. Don't know who these people are but I'm willing to take a bet that it's overleveraged landlords fleeing the murder scene.
Any thoughts or comments on my two options -
2 year fixed 5% - no arrangement fee – monthly repayments approx. £1,187.00
5 year fixed rate 4.04% - £999 lender arrangement fee added to the mortgage – monthly repayments approx. £1,098.00 with free legals or cashback of £250
I had been thinking to keep it to just 2 years, in case I want to move somewhere cheaper, but this would be a long way out and basically cut me off from friends here, so I am thinking maybe I should go the 5 year route and save £100 a month? I'll do some projections later, but I think I should be able to comfortable afford either on my own.
I guess the only way the 5 year would be bad is if rates come down a lot and in 2 years I could sign 5 years at 2% or something?
2 year fixed 5% - no arrangement fee – monthly repayments approx. £1,187.00
5 year fixed rate 4.04% - £999 lender arrangement fee added to the mortgage – monthly repayments approx. £1,098.00 with free legals or cashback of £250
I had been thinking to keep it to just 2 years, in case I want to move somewhere cheaper, but this would be a long way out and basically cut me off from friends here, so I am thinking maybe I should go the 5 year route and save £100 a month? I'll do some projections later, but I think I should be able to comfortable afford either on my own.
I guess the only way the 5 year would be bad is if rates come down a lot and in 2 years I could sign 5 years at 2% or something?
Soldato
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- Surrey
Do the math of 2 years at 5 percent total cost, and then 3 years at say 5.5 and at 4.0.
That'll be the best way to estimate the risks and rewards I'd say.
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First world problems yo!
As long as it wasn't copper and was FTTC I don't think I'd let that get in the way if it was a house I really liked.
Other aren't as lenient and if it aint FTTP they dont wanba know but there's big plans for the UK infrastructure and more and more independant fibre installers cropping up
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This in all honesty
One of the places in our new street went up for rent, over double our mortgage!
If I ever need any money might just go live in a field for a year xD
Man of Honour
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The rent plus the capital gain. Basically paid for our holiday home and no doubt will for another down the line.
Didn’t realise the OP was talking about NZ though. In the UK it’s an easy decision. Plenty of the markets I’ve bought in haven’t even been affected my any of the economic woes, there’s just too much demand.
Caporegime
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Aye it was definitely first world problems, but I couldn't cope with taking 10 times longer to download something on Steam etc. The fact we have such discrepancies with houses literally a few hundred metres away from each other is pretty pants.
I'm FTTP at my new property, which in itself is a new build estate that was built over the road from the house we looked at.
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fi used to be like that with newsgroups n stuff, not really fussed now I'd just set the dl overnight.
we also went newbuild, most of them do have the fttp advantage hehe.
what I didn't expect on ours was multiple onts so we werent stuck with a sole provider, that was pretty cool
we also went newbuild, most of them do have the fttp advantage hehe.
what I didn't expect on ours was multiple onts so we werent stuck with a sole provider, that was pretty cool
Logged into my COOP savings account today to see 3.50% interest rate (1-2M limit), very impressive for an instant access account. Chase are still 2.70% and Nationwide is 2.25% on Saving and 5% on Flex account (£1500 limit for 5%).
Quite impressed with COOP as I think that is amongst the best for an instant access with a very high limit, it is either 1M or 2.5M, have emailed them for clarification but guess it pays to be a long term customer of theirs.
Quite impressed with COOP as I think that is amongst the best for an instant access with a very high limit, it is either 1M or 2.5M, have emailed them for clarification but guess it pays to be a long term customer of theirs.
Aye there was plenty of gloating with 1% mortgages and savers getting 0.1 or 0.25% return on their money. Interest rates can go up or down and sometimes you win and sometimes you don't. It is best to allow for this cyclic phenomena.
Anyone seen any updates ? For anything dropping rate wise in next 2-3 months ?
I did see this
www.google.com
Although this isn't going to help me if i fix now and it drops by a lot within the next 12 months, i need to remortgage by end of may
I am still not sure weather to go for a tracker with no ERC for now or fix,
Anyone got any news on whats happening in next 2-3 months? drop? or rise?
I did see this
Mortgage payments could drop by 25% as interest rates fall in ‘positive’ for homeowners | Personal Finance | Finance | Express.co.uk
Homeowners and those looking to get onto the property ladder could see their mortgage payments fall significantly by the end of the year, according to experts.
www.google.com
Although this isn't going to help me if i fix now and it drops by a lot within the next 12 months, i need to remortgage by end of may
I am still not sure weather to go for a tracker with no ERC for now or fix,
Anyone got any news on whats happening in next 2-3 months? drop? or rise?
Soldato
- Joined
- 12 Feb 2006
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- 17,415
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- Surrey
Literally no oneAnyone seen any updates ? For anything dropping rate wise in next 2-3 months ?
I did see this
Mortgage payments could drop by 25% as interest rates fall in ‘positive’ for homeowners | Personal Finance | Finance | Express.co.uk
Homeowners and those looking to get onto the property ladder could see their mortgage payments fall significantly by the end of the year, according to experts.
Although this isn't going to help me if i fix now and it drops by a lot within the next 12 months, i need to remortgage by end of may
I am still not sure weather to go for a tracker with no ERC for now or fix,
Anyone got any news on whats happening in next 2-3 months? drop? or rise?
Which account is this please? Co-ops instant access online saver is 1.87%. I'd definitely open an account with them if they do 3.5% instant access.