Nice.............!
When the final payment is made, you can kick back and relax
You are doing it all wrong mate. Take that 300-400K out and stick it on stocks!
Mortgage Rate Rises
- Thread starter glenimp617
- Start date
You are doing it all wrong mate. Take that 300-400K out and stick it on stocks!
Soldato
- Joined
- 12 Feb 2006
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- Surrey
What is this 2005? It's 2023 the year for dogecoin and XRP investmenting!You are doing it all wrong mate. Take that 300-400K out and stick it on stocks!
It depends on the rules with the HA or council, if you want to buy another house.
But no you can't by a freehold if you have share ownership, it is design to be impossible.
Shared ownership might sound good, but there are too many expenses, specially the percentage of rent increase linked to CPI or rpi. From what I been told the min will be 0. It can never fall below 0.
If you fall behind in rent for 8 weeks, you can get booted out and in theory you could lose your equity.
I was reading a story a few years ago where this woman lost her job and she was booted out of her shared property.
Any don't worry asset management companies and other financial companies will such up any repos in this country, then rent it back out.
Blackstone closes record $30B real estate fund
The firm easily surpassed its own mark of four years ago, when it raised more than $20 billion for a property fund.
therealdeal.com
Lol, 30 billion hitting the property market, this is just one company. Those that can't afford their mortgages will be giving it away to these guys.
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Wow. So Barclays have upper the 5 year fix to 4.30% with no product fee
My offer going through with them is 3.95% pending completion in July. That does doesn't look good for another drop before I complete then. Searched 2 months ago and applied ,. Went from 4.15%. Down to 3.95% which I have the offer for now it's back at 4.30%
What's changed in the last week? not been keeping up with the BoE news
My offer going through with them is 3.95% pending completion in July. That does doesn't look good for another drop before I complete then. Searched 2 months ago and applied ,. Went from 4.15%. Down to 3.95% which I have the offer for now it's back at 4.30%
What's changed in the last week? not been keeping up with the BoE news
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The last figures were a surprise.
Inflation is sticky and ended up at above 10pc
Many (including myself) were expecting a 9pc band inflation figure. Which would have been a strong indicator rates were peaking and coming down. Now there could be even more rises.
Also I think swap rates have deteriorated.
So no chance of any drops before I start this then
Fun volatile times. I don't feel i can do anything else but sit on the 3.95 offer now.
No one even knows if this would go down to rates below 2.5 % in a year or two time or what ever
I hate banks
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So no chance of any drops before I start this then
Fun volatile times. I don't feel i can do anything else but sit on the 3.95 offer now.
No one even knows if this would go down to rates below 2.5 % in a year or two time or what ever
I hate banks
Yeah when those figures came out I think the sub 4s are going to be best fixes this year.
Maybe later in the year might get a bit lower. But nothing that's going to make you regret.
Maybe next year might be seeing 2.9. But it's so far away. Who knows what putin might do for example.
Not sure what I'd do if I was needing to commit now. Probably a 2 year fix. But it's a tough call
Yep probably. And now they put them up again they will be super super slow coming down .just like the fuel
I don't know why I chose a 5 year fix, I spent so long deciding against tracker, 2,3,5 year fixes I had to make a choice. Partly done 5 because I can't see it coming down a decent amount for a time and I just didn't know what would happen In 2
Meh
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Soldato
- Joined
- 12 Feb 2006
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- 17,412
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- Surrey
It's a good choice. Stability is not a bad thing when it comes to a mortgage.
I'm going to go 5 aswell as it's so hard to predict anything at the moment and the way things are in the world these days I think it's best to play it safe.
- Joined
- 30 Sep 2005
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The world looks like it's gearing up for a massive war. I've no idea how this whole China/Taiwan thing is going to go, nor Russia, N. Korea or any other country who's getting a bit bored. Something is coming, I'm sure we can all feel it in the water.
What that means for fixing for 2yrs or 5yrs is any ones guess, but at least you know what you'll be paying without the worry.
What that means for fixing for 2yrs or 5yrs is any ones guess, but at least you know what you'll be paying without the worry.
Why wouldn't you fix at 0.84 when you had the chance?
I never had the chance. When my fixed rate ended several years ago i was put on the Lifetime Tracker, Variable interest rate at 0.84% - which i was very happy with!
Due to rate rises, i have seen my rate raise quite rapidly.
I'm now at the stage that a bank loan is available at 4.8% - i am considering getting a loan to pay off the mortgage.
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Are loans still available at that rate? I had an email yesterday from either Barclays or Tesco (can't remember) offering bank loans at ~8.5%
I assume you have already secured an offer at a good rate for your renewal in August just in case rates rise like they seem to be? You can always get a new offer if rates drop between now and then.
Yes:
How to get a personal loan
This MoneySavingExpert guide includes the cheapest personal loans, and options such as credit cards, which may be cheaper for you. See Martin Lewis's top picks.
www.moneysavingexpert.com
£7.5k - £15k @ 4.8% with HSBC.
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