Mortgage Rate Rises

[slinxy]

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]

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]

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]

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]

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

Mine are £1,009 pm currently

 

[Soulja]

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]

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]

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]

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]

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]

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]

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.

 

[413x]

Think our interest is 310 a month. And that's bad enough

 

[413x]

Mine are £1,009 pm currently

But I'm guessing your extensive gucci belt collection could clear your debt instantly?

 

[ChrisD.]

Around £330 here, but we are on 1.54%.

 

[El Jimben]

But I'm guessing your extensive gucci belt collection could clear your debt instantly?

Ha, I may be from Essex but designer gear ain't my thing, I'm definitely more Primani than Armani!

 

[ShadowMan]

Over £1400 in interest per month at the moment on the 5.99 tracker. As soon as divorce complete and equity transfer done I can remortgage and drop the rate.

Its looking like I can save over £300 easily and around £400 with some deals and by a small term extension.

 

[Armageus]

HSBC, Barclays & NatWest are all cutting their rates again tomorrow.

Source?

(as just checked and HSBC's haven't moved yet)

 

[dazzlaa]

HSBC, Barclays & NatWest are all cutting their rates again tomorrow.

Hope they do, and continue to chip away. I’m into my final 12 months of my 1.9% deal.

 

[El Jimben]

Source?

(as just checked and HSBC's haven't moved yet)

This one makes it sound like HSBC haven't decided what the new rates are yet! Barclays have definitely made some amendments as the 'effective from' date on their literature now shows today's date.