As a percentage how different was your sale price vs what he thought it would sell for?All the estate agents under estimated out sale price when we sold 18 months ago, the one we went with even did himself out of money by saying if it went for what I thought it was worth he would take a reduced fee
Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Soldato
borrowing in the name of growth which isn't going to occur
Unfortunately it's looking like it.
Riddle me this.
I understand swap rates power mortgages not the base rate.
But is this budget going to cause deflation?
Small pay rises, redundancies. Etc.
If so are we going to have reduced base rate but high mortgages?
In which case are trackers better?
As said before.. These macro topics elude me a bit
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Trying to get the UK growing seems nigh on impossible apart from a tiny amount.
Soldato
gotta build new cities instead of tacking housing onto existing cities, then you get all the shops etc needed to support those cities. trying to scale up when we should scale out.
Soldato
We got about 14% more than most of the estate agents said we would get, I thought they were all 10% under.
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OBR say budget is inflationary.
Soldato
Just locked in an offer from Santander, 4.08% for 5 years (from 5.78%), got 2 weeks to change my mind..
Soldato
That's unusual, normally they tell you your property is worth more than it is.
Soldato
Anyone had any luck asking for a setup fee to be waived?
Really? Current rates or slightly higher most likely. You can lock in a rate right now with most lenders as you're less than 6 months away and you'll know exactly what to expect.
Man of Honour
- Joined
- 21 Nov 2004
- Posts
- 45,965
Yup, should have gone for 5.
Interested to hear if anyone else recently chosen not to fix. I went 2-year tracker earlier in the year and it's been steadily coming down since. If BoE drops rates again today, then I should be below what I could have fixed at previously.
Pretty sure there's no early repayment charge on my current deal, so I guess I can fix at any time if the rates look like they might take an upturn.
What's the general thinking for how the US election might affect future rates?
Pretty sure there's no early repayment charge on my current deal, so I guess I can fix at any time if the rates look like they might take an upturn.
What's the general thinking for how the US election might affect future rates?
Suspended
Well the dollar and US stocks rose on the result. The fed may come down and the BOE may have to follow to be competitive. However it also depends on how the UK budget pans out over the next months.
I was reading a story on likely higher interest rates (and delayed cuts) today.
money market indicators
money market indicators
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Caporegime
Rates will continue to drop and drop because the housing market is buggered. Then when the next crash comes in the following decade we will be back where we started with high rates again further kicking the can down the road
Soldato
Rates will continue to drop and drop because the housing market is buggered. Then when the next crash comes in the following decade we will be back where we started with high rates again further kicking the can down the road
Basically this.
I imagine they are going to go down (a little) today, I just hope they don't go down too much or as you say, we will just end up in a bigger mess next time.