Mortgage Rate Rises

HSBC's have updated

2 year fix 4.19%>4.14% (0.05% decrease)
3 year fix 4.14%>4.10% (0.04% decrease)
5 year fix 3.84%>3.82% (0.02% decrease)
10 year fix 4.79%>4.72% (0.05% decrease)

(Based on 60% LTV, and "Fixed Standard" products)



Finally 5 year fixed fee saver is under 4% (3.95%), so I'll start the ball rolling on that (although no doubt it'll decrease again as soon as I do :D)
 
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I guess this is the time of year where the market tends to slow down as people start to fear that house moves will overlap with xmas and get complicated, so postpone things until Jan? Perhaps this will help rates to come down further?
 
Probably not going to win me any friends in this thread but we've just paid our mortgage off fully 38 months early. :D

It was cheaper to pay the early redemption charge of £300.00 rather than pay the £80.00 per month interest fee's they were charging over the course of the next 38 months.
Please at least tell us you're 50 or something? :D
 
Probably not going to win me any friends in this thread but we've just paid our mortgage off fully 38 months early. :D

It was cheaper to pay the early redemption charge of £300.00 rather than pay the £80.00 per month interest fee's they were charging over the course of the next 38 months.
how much was left on your mortage?
I need to decide in about 3 and half years time if I should just liquate everything and pay it all off...
 
Soon be time for me to remortgage.

Looks like a lot more mortgages have fees now as well, luckily the few I've looked at the fee version is worth having.
I can't quite remember but you can choose to pay the fee straight away can't you rather than add it to to mortgage so it's even better.

Going into the next year or two I'm unsure if a 2 year or 5 year is the better option is there any stuff out there that helps decide.
 
Going into the next year or two I'm unsure if a 2 year or 5 year is the better option is there any stuff out there that helps decide.
Ultimately a gamble between locking in the usually cheaper 5 year rate now, but potentially paying more than you could for years 3,4,5 assuming interest rates continue to drop

All depends how much and how quickly you think rates will fall
 
I'm glad that my mum allowed me to live in her basement throughout this inflation period so that I didn't have to bear the stress of repossession. When I viewed those properties listed for auction, where the original owners had become completely uncontactable and hadn’t even bothered to collect their furniture and belongings, I felt deeply sorry for everything they must have been through.
 
Ultimately a gamble between locking in the usually cheaper 5 year rate now, but potentially paying more than you could for years 3,4,5 assuming interest rates continue to drop

All depends how much and how quickly you think rates will fall
I know that, but is there any good places to read up on it, any respected websites that might give an insight.
 
I know that, but is there any good places to read up on it, any respected websites that might give an insight.
No one can predict the future, even so-called professionals are placing bets.

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It's going to be an interesting day tomorrow in the US, as the FED is about to do it's first rate cut. The question is how big is the cut and how many more cuts for the remaining year(FED dot plot).
 
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how much was left on your mortage?
I need to decide in about 3 and half years time if I should just liquate everything and pay it all off...

We paid just a smidge over 19K with the ERC added in.

The amount of interest that 19K was earning wasn't anywhere near as much as we were being charged each month on the mortgage.

The savings took a dent but our monthly outgoings are substantially less now so we'll eventually save it back. :)
 
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