Soldato
Please at least tell us you're 50 or something?
I turn 52 tomorrow if that makes you feel any better?
Please at least tell us you're 50 or something?
I turn 52 tomorrow if that makes you feel any better?
CongratsProbably not going to win me any friends in this thread but we've just paid our mortgage off fully 38 months early.
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.
Excellent. Ignore the envy and the naysayers. People can say what they like about overpayments vs investments etc etc etc but we need to remind ourselves (me, a lot, more than I do) not to let perfect get in the way of good.Probably not going to win me any friends in this thread but we've just paid our mortgage off fully 38 months early.
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.
I'm not a big fan of investments over overpayments, especially if the investments are subject to taxes, which makes it extremely hard to defeat the mortgage rates. More importantly, mental health is valuable and should not be ignored.Excellent. Ignore the envy and the naysayers. People can say what they like about overpayments vs investments etc etc etc but we need to remind ourselves (me, a lot, more than I do) not to let perfect get in the way of good.
USA dropped rate by 50 base points! I'm surprised!
They also project to cut it down to 4.5% by end of year and 3.5% by end of 2025USA dropped rate by 50 base points! I'm surprised!
Well done, always a good feeling although somehow you never notice the extra money as much as I think you should somehow. Still not worked that one out.Probably not going to win me any friends in this thread but we've just paid our mortgage off fully 38 months early.
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.
They are willing to take the risk for growth and proactively against signs of a slowdown. Let's see if our lot do the same tomorrow, unlikely.
I signed a 5 year fix 17 days ago. Y'all need to start a GoFundMe for me, as I triggered this cliff edge
We have until end of October to decide. I still can’t decide between 2 and 5, currently locked in for 5, but it can be changed. It’s not going to keep falling though surely?
We're exactly the same - present rate runs out on 31st October. Still need to decide what to do. Obviously a tracker would be best but they charge a massive rate premium so what to do?We have until end of October to decide. I still can’t decide between 2 and 5, currently locked in for 5, but it can be changed. It’s not going to keep falling though surely?
The thing is swaps and gov bond yields and therefore mortgage rates may actually creep back up a bit. 'The market' had priced in some pretty deep rate cuts that don't look feasible without recession. US yields actually went up after they cut yesterday. Will be interesting to see it play out.I signed a 5 year fix 17 days ago. Y'all need to start a GoFundMe for me, as I triggered this cliff edge
Sub 3pc baserate? Pretty unlikely unless your talking 2 or so years out, IMOI expect it to keep falling unless we get some more wars or something.
Hoping for sub 3pc by time I need to renew.
3 years out.Sub 3pc baserate? Pretty unlikely unless your talking 2 or so years out, IMO
or Sub 3pc borrowing, highly unlikely
It's only going to happen if there's another recession/market crash... 3-4% apr is the normal rate, it's just that they forgot to raise it after the last one.3 years out.
Yeah I'm optimistically hoping for sub 3pc as would only be a 1pc rise from current