Mortgage Rate Rises

slinxy · 2024-09-02T16:18:37+0100

just did some quick maths... and I got charged £268.03 for last month's interest.. it's sickening but what can you do?
I'm just glad I'm overpaying my mortage at the moment, yeah I may be able to earn more if I invested the cash instead but I just want this monkey of my back.

grudas · 2024-09-02T16:27:14+0100

slinxy said:
just did some quick maths... and I got charged £268.03 for last month's interest.. it's sickening but what can you do?
I'm just glad I'm overpaying my mortage at the moment, yeah I may be able to earn more if I invested the cash instead but I just want this monkey of my back.

is that it.. £600ish a month in interest here, on 1.99% currently but not for long.

slinxy · 2024-09-02T16:30:28+0100

grudas said:
is that it.. £600ish a month in interest here, on 1.99% currently but not for long.

jezzz that was my rent in my old appartment.

Richie · 2024-09-02T16:51:48+0100

grudas said:
is that it.. £600ish a month in interest here, on 1.99% currently but not for long.

That's bonkers... My interest payments are £380-ish

El Jimben · 2024-09-02T16:56:05+0100

Richie said:
That's bonkers... My interest payments are £380-ish

Mine are £1,009 pm currently

Soulja · 2024-09-02T16:56:48+0100

El Jimben said:
HSBC, Barclays & NatWest are all cutting their rates again tomorrow.

We are seeing a lot rate drops lately. I'm hoping this trend continues before my fixed term ends on October 31st!

grudas · 2024-09-02T17:02:53+0100

Soulja said:
We are seeing a lot rate drops lately. I'm hoping this trend continues before my fixed term ends on October 31st!

mine ends june '25 so I was sorta hoping to lock in something "ok" around december but there's always that "what if they go up more" feeling in my mind..

Slogan · 2024-09-02T17:14:10+0100

Mine is up towards the end of next year and I've been fortunate to be locked in at 1.83% for the last 4 years. Hoping the downward trend continues so I don't get too burned on the renewal.

Maccy · 2024-09-02T17:31:59+0100

slinxy said:
just did some quick maths... and I got charged £268.03 for last month's interest.. it's sickening but what can you do?
I'm just glad I'm overpaying my mortage at the moment, yeah I may be able to earn more if I invested the cash instead but I just want this monkey of my back.

£878 in interest alone for me this month!

Armageus · 2024-09-02T17:33:19+0100

Soulja said:
We are seeing a lot rate drops lately. I'm hoping this trend continues before my fixed term ends on October 31st!

Pretty sure you can lock in now but still change if a lower rate comes up before then

Crizzy · 2024-09-02T17:37:39+0100

Rates have come down again for me as well, now looking at 3.96% so another 0.03% drop.

This is with a 53% LTV remortgage.

Anecdotal, but a lot of homes in my area have recently gone on the market!

Soulja · 2024-09-02T17:45:45+0100

Armageus said:
Pretty sure you can lock in now but still change if a lower rate comes up before then

That's what I have been doing, I'm getting sick of cancelling it

I've also seen a 2 year term deal on a comparison site that gives £750 cashback, ans only works out at £10 extra a month more than my current HSBC 2 year offer.