Quite a big difference.
The base rate would have to fall 1pc right now to break even.
If the base rate falls slowly... It'd need to fall even more than 1pc to break even.
1 year fix?? I've never seen that
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Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Quite a big difference.
The base rate would have to fall 1pc right now to break even.
If the base rate falls slowly... It'd need to fall even more than 1pc to break even.
1 year fix?? I've never seen that
Caporegime
It feels to me like the banks are pretty sure the rates are coming down real soon (perhaps next BoE announcement) and want to fix anyone for any length of time.
Soldato
I'd likely be snapping up that 1yr fix to be honest. Especially with no fee
Soldato
As long as drops nicely over the next 14 months I'm happy, plan is to have a very small mortgage by then but lower rates will be welcome 
Soldato
ECB broke the seal and our inflation drivers are shared with Europe so this is a strong sign it’s going to come down.
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US Non farm payroll comes in higher than expected...no rate cuts for the US
www.bloomberg.com
Live: Analysis of US Jobs Report for May
www.bloomberg.com
Maybe the 1 year is a typo.
It changes all the time with every bit of data. The moves in US bonds, and by extension our bonds shows nobody has a clue when or indeed if the fed will cut this year.US Non farm payroll comes in higher than expected...no rate cuts for the US
Live: Analysis of US Jobs Report for May
Soldato
Barclays, existing customer only offer
Quite a bit less interestingly -- however their disposable was enormous, and their desire to invest was almost always "outside of China". London presented itself as a useful solid investment with little barriers to entry, loads of Chinese speaking real estate agents.
lol OK but between position 1 and 7 is a 100% increase.
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5 year fixed ending at the end of June, best rate we could find was 4.68% on a 2 year fix, not seen any 1 year fixed rates. Thought that rates might have dropped a bit more by now, but don't see a benefit in a 5 year fix at the moment.
Although, I passed on a 10year fix back in 2019, not the best choice with hindsight
Although, I passed on a 10year fix back in 2019, not the best choice with hindsight
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Soldato
I am on 2.24% 5 year term ending in November this year. Keeping an eye on the market with interest. I two said no to a 10 year rate lower than what I have now.
Soldato
Me.three, I remember the conversation well with my wife that we wanted to keep our options open incase we wanted to move after 5 years etc. We were that close to going for the 10y, would have saved an absolute fortune 
Associate
BarlclYs offer this, or did to me last Aug. It is available again this year.. 5.6%.
Yep, it's very pricey here, even if you're on high incomes.
It’s probably not too terrible where I am out in the Selwyn countryside (20min outside Christchurch), but definitely not worth the money you pay these days. NZ is also a low-income country with regards to western standards, which is why 10%+o of the country jumped across the ditch to Australia.
But regarding the wages in the UK, it is a problem. I would be expecting at minimum a 100k, even with a nod towards my lack of recent UK experience, but the salaries in my field appears to hang around the 60-70k, or a bit higher if you want to be self-employed. This is money I was on 10 years ago in the UK.
Nevertheless, we shall see what happens.
Associate
Same. We opted for a two year fix of 1.4% - though we have sold and are moving, it has taken longer than we thought and we are now on a 5.48% tracker. We should have opted for the 5 year 1.5% and ported. However, we've had a few changes so porting it could have been an issue.Me.three, I remember the conversation well with my wife that we wanted to keep our options open incase we wanted to move after 5 years etc. We were that close to going for the 10y, would have saved an absolute fortune
I wonder if I'm on the highest rate around here at 7.24% SVR 
Due to circumstances I cba with the hassle of getting a new mortgage product and tbh, since there's less than 10K left, it's only risen by £20pm from the start of all this. Which I think also goes to put in perspective when 'the older generation' go on about the high rates of the 80's, but don't take into account it was on much lower amounts and how much more sensitive mortgages are now to interest rate rises.
Due to circumstances I cba with the hassle of getting a new mortgage product and tbh, since there's less than 10K left, it's only risen by £20pm from the start of all this. Which I think also goes to put in perspective when 'the older generation' go on about the high rates of the 80's, but don't take into account it was on much lower amounts and how much more sensitive mortgages are now to interest rate rises.
I'm on about that. Looking to move so let the old rate expire and got moved onto variable. Topped out at over 8% but then they took it down a little so around 7.5 atm.I wonder if I'm on the highest rate around here at 7.24% SVR
Due to circumstances I cba with the hassle of getting a new mortgage product and tbh, since there's less than 10K left, it's only risen by £20pm from the start of all this. Which I think also goes to put in perspective when 'the older generation' go on about the high rates of the 80's, but don't take into account it was on much lower amounts and how much more sensitive mortgages are now to interest rate rises.
Interest only so the jump didn't stretch me but I got real got a sense of the impact it could have had to people with more overheads. Quite a frightening thought for someone with a young family to have to magic up an extra 1000 in a cost of living crisis.