Caporegime
We are potentially looking to release equity to go back to school and from the brief convo I had with Barclays they will go up to 70 with ease. I am 38 and our mortgage is currently due to be paid off by 42.
Mortgage Rate Rises
- Thread starter glenimp617
- Start date
We are potentially looking to release equity to go back to school and from the brief convo I had with Barclays they will go up to 70 with ease. I am 38 and our mortgage is currently due to be paid off by 42.
Soldato
Begrudgingly taken the 1y existing customer deal with Barclays @ 4.89, hoping by this time next year I'll be in a good position for a long term fix
Didn't even know you could get one year locks. Is this commonplace?
Soldato
Neither did I! Looks to be existing customers only, not on any price comparison sites etc
Sat on tracker at 5.99% (dropping to 5.74% 1st September.)
Waiting on a change of borrow application to complete to put house in my solo name and will then look to lock in. Probably be around October/November so hoping for another rate drop but I don’t see it yet.
HopefullyInflation has risen to 2.2%, the first rise this year. Perhaps they won't cut interest rates at all for the remainder of the year now...
(now I've locked in I am in team raise them even higher so I can personally benefit).Hopefully
I always thought you was a lovely chap
I suppose the inflation minor rise may be due to more disposable income at this time of year. Energy bills are low compared to winter and a lot of the population tend to spend more over summer during holiday season. I guess when the cold October hits, spending may go down again. I guess more house moves take place in summer as well, and then slow down the closer to December we get as people don't like to move over xmas.
I still hold hope for slow mortgage rate drops into next spring/summer possibly down to 3.0 - 3.5% but it depends on...well... the WORLD [clarkson voice].
I still hold hope for slow mortgage rate drops into next spring/summer possibly down to 3.0 - 3.5% but it depends on...well... the WORLD [clarkson voice].
BoE forecast inflation rising to 2.75% by year end before falling next year. The large increases in energy are falling out of the calculations now which were flattering the numbers so the true level of inflation in the economy is starting to be seen. Hence why people were more focused on core/services inflation rather than the headline figure. So expect inflation to rise modestly, if it rises more than that figure around 2.7% expect fewer cuts.
Don
Just checked and HSBC's rates have moved again
2 year fix 4.41%>4.24% (0.17% decrease)
3 year fix 4.32%>4.14% (0.18% decrease)
5 year fix 3.95%>3.84% (0.11% decrease)
10 year fix 4.88%
It wasn't long ago people would say "rates are never going to 5 percent in the next few years"
You really just never know!
HSBC, Nationwide, TSB & Nationwide have all made reductions again this week
Just noticed mortgage rates for re-mortgages have just dipped under 4% on moneysavingexpert for me (54% LTV).
Nationwide are offering 3.99%, NatWest 4.0% and the previous best offer was Lloyds at 4.01%. This is for a 5 year fix with fees included.
Hopefully I'll see a couple more drops before the end of my current fix.
Nationwide are offering 3.99%, NatWest 4.0% and the previous best offer was Lloyds at 4.01%. This is for a 5 year fix with fees included.
Hopefully I'll see a couple more drops before the end of my current fix.
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Nationwide are stating 3.94% to me for 65% LTV?
Thats just the website, nothing personalised as I'm not in the market yet.
Glad it's heading down though.. starting to put my house move plans for mid next year back into a more acceptable footing.
Is that for a home move? I am remortgaging my current deal, the rates seem to be a tad higher.