I checked my HSBC account this morning and the rates had dropped very slightly. I think it was 0.07% on a 2 year and 0.4% on a 5 year deal.
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Mortgage Rate Rises
- Thread starter glenimp617
- Start date
What a difference a day makes...
Best option now showing is at 3.88% from Barclays (my current lender).
My current rate expires in March, so I could be seeing a drop of almost 1% from my existing deal (4.69%). I'd be pretty happy with that.
Im about 1.2 years in to a 5 year fix on 3.95%
If the rates go to below 3% what do I do ? I'm not overpaying at the moment but I have been saving.
My ERC should be 1% and would probably cost me £1350 to bail out early and get a new deal (if it were lower) by that point "if")
If the rates go to below 3% what do I do ? I'm not overpaying at the moment but I have been saving.
My ERC should be 1% and would probably cost me £1350 to bail out early and get a new deal (if it were lower) by that point "if")
Sleep easy knowing £1350 saving is £350 a year.
Or, pay the ERC and get a new deal. Assuming the rate lowers enough to be in excess of £1350.
Don
From what I can see it's only 2 year and 10 year that have dropped this time
2 year fix 4.24%>4.19% (0.05% decrease)
3 year fix 4.14%
5 year fix 3.84%
10 year fix 4.88%>4.79% (0.09% decrease)
Don
I've been using the "Fixed Standard" products @ 60% LTV when I've posted the changes
Switch Your Mortgage Rate | Existing Customers - HSBC UK
If you're interested in switching rates or borrowing more on your HSBC mortgage, we've got a range to choose from. Find out more today.
www.hsbc.co.uk
Soldato
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- 19 Oct 2010
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My broker just let me know he has moved me onto 4.28% with Natwest now for when I renew in November.
I've just finished a remortgage quote on a comparison site and found a decent deal. 3.09% for 2 years and 0 product fees, with Darlington building society.
EDIT: After clicking onto the next page, it seems they may charge a broker fee. Boooo
EDIT: After clicking onto the next page, it seems they may charge a broker fee. Boooo
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Try and go direct.
Soldato
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- 19 Oct 2010
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How much? For that rate it might be worth doing.
I've just tried a different website(compare the market) and the same offer is on there but with a different broker who do not charge any fees. The only fees are the solicitors fees, but I'm unsure how much these would be as this is my first time remortgaging.
Soldato
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- 19 Oct 2010
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I’ve looked on their website via my phone. It’s terrible plus I can’t get it to show any rates.
That rate, especially on a 2 year fix with no fee, seems too good to be true.
When you remortgage you can do it 6 months before your fixed rate expires on most. If you do it 6 months before on say a 5 year fix, but then don't start the offer for 6 months, do you lose 6 months of the 5 year rate, or do they only start the time period when you actually go ahead with it?
It depends on the offer. Some are 5 years and some have a set expiry month.
