Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Caporegime
Its not really a case of "deciding to make it more expensive" its a market. Everything feeds into everything else. This isn't just a bank saying "I fancy lending at X rate". They borrow and lend and manage risk. If that borrowing price or risk goes up then prices change.
Ha yes that is how it feels to many I guess
Landlord: I fancy raising the rent.
BoE: Your rent has gone up.. Thats inflation.. Raise the rates.
Landlord: my mortgage rate has gone. Up.. Better raise the rate!
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Soldato
Ha yes that is how it feels to many I guess
Landlord: I fancy raising the rent.
BoE: Your rent has gone up.. Thats inflation.. Raise the rates.
Landlord: my mortgage rate has gone. Up.. Better raise the rate!
Rachel Reeves considers raising capital gains tax to 39%
Exclusive: Rates of 33% to 39% being tested as Treasury source says tax-raising plans are in ‘complete disarray’
www.theguardian.com
Oops, better divest myself of all this property!
Soldato
Rachel Reeves considers raising capital gains tax to 39%
Exclusive: Rates of 33% to 39% being tested as Treasury source says tax-raising plans are in ‘complete disarray’
Oops, better divest myself of all this property!
Aint nothing wrong with going "if we raise the CGT to 39%, how much would this raise and what are the implications"
Any government not "war-gaming" like this isn't doing it properly
This story just makes me think that a lot of brainstorming and acting out possibilities is happening and this is being leaked as fact for the gullible public to swallow by the press.
I'll let the "scandals" pass me by and wait for 30th Oct thank-you-very-much
Soldato
More hope yet for the trend of lowering rates with inflation supposedly to have dropped below 2%
www.cityam.com
UK inflation expected to fall below two per cent target
UK inflation is tipped to fall below the Bank of England's two per cent target for the first time in more than three years.
www.cityam.com
Soldato
I'm at 3.41%... I'd be ok if, come renewal in 3 years time, I can get the same rate (happier lower obviously).
Soldato
Completely agree. It's not rocket science that if the inflation target is 2% then an equilibrium on rates would be around the same figure. 2-3% would represent a fair balance between borrowers and savers. They should never have held the bank rate so low for so long, but it's also not fair on a generation of people to bump it up suddenly and make them suffer for it. I think the MPC are a bunch of clowns personally especially Bailey.
Soldato
I'll be happy with anything 4 or under come mid 25
Be happy with a 2.9 or below rate as that's only 1pc point higher than current.I'll be happy with anything 4 or under come mid 25
Soldato
current for me is 1.99% but I'm being realistic.. due to the fact that our house dropped in value from 432 to 416 is annoying as that threw out LTV above 85% again!
Ours has gone up (apparently) from 260 to 340 so LTV will probably be good by then if that holds.
Oh wow. Just popped it in. Down to 55pc if bank valued it at that. Last remortgage was at 79pc
I think under 60 it no longer matters
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Soldato
Yup most lenders it's usually 60/65% to get the cheaper rates, anything below then doesn't make any difference.
That being said on the really low LTV mortgage applications I don't really look at those in any detail.
I remember it was really below 80 where started getting diminishing returns. 90 to below 80 was a big step.
After that it wasn't really a big deal.. Ie not compared to the month to month general rates where could jump/drop by 0.25-0.5pc
The thing is stability is base rates of 2% and mortgage rates of 3-5%, the world is boring and banks are ticking over, mortgage rates are already pretty much in the boring range. <2% mortgage rates were just as much a sign the market was unstable as really high rates.
Or little house in the ghettos keeps creeping up in value according to zoopla and the market here at least seems to be moving again judging by all the sold STC properties on right move.
Don
Just overpaid a small amount off mine and locked in at 3.89% for 5 years.
Will be going from £335 to £393 a month which isn't too bad (would have been ~£409/month without making the overpayment)
Will be going from £335 to £393 a month which isn't too bad (would have been ~£409/month without making the overpayment)
Soldato
We have 5 mortgages on our house
4 are fixed between 1.9% and 2.99% until April '26
The other is 2.5% fixed until June 32
Glad they have all been locked in during the recent increases
4 are fixed between 1.9% and 2.99% until April '26
The other is 2.5% fixed until June 32
Glad they have all been locked in during the recent increases