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Jodi_the_g

posted on 9th Nov 06 at 16:07

quote:
Originally posted by Ally
EG - 95k mortgage over 30 years

£500 repayment, with new 5% rate repayment would be £515


or a extra £5400 on top of the morgage.

Still the lowest they been on average for about 20 years, though been raise alot recent and will almost certain keep going up with the encomeny the way it is.


liveseytowers

posted on 9th Nov 06 at 16:00

I've never liked the idea of a tracker mortgage so went for a fixed 5 year one. You'd have to be mad to go for a tracker in the current house market. Still waiting for the crash that was promised years ago. Gona buy a second house and rent it out if they ever drop :)


Ally

posted on 9th Nov 06 at 15:46

Tracker mortgages are crap imo, was advised not to get one

Anyone on here have a tracker?


mav

posted on 9th Nov 06 at 15:42

I'm on a fixed rate at moment.


--Dave--

posted on 9th Nov 06 at 15:17

that's what I thought. Was in the Metro though :boggle:


Ally

posted on 9th Nov 06 at 14:30

10% seems abit harsh :lol:


--Dave--

posted on 9th Nov 06 at 14:05

10% was the average increase as far as I'm aware.

Doesn't affect me as I'm on a fixed for 5 years :)


Ally

posted on 9th Nov 06 at 14:00

All depends on the value of the mortgage remember!!


--Dave--

posted on 9th Nov 06 at 13:59

i heard both the interest rises will have roughly a 10% increase on monthly repayments.


Ally

posted on 9th Nov 06 at 13:59

EG - 95k mortgage over 30 years

£500 repayment, with new 5% rate repayment would be £515


Ally

posted on 9th Nov 06 at 13:58

Will effect those with a non-fixed rate mortgage

[Edited on 09-11-2006 by Ally]


Aaron

posted on 9th Nov 06 at 13:16

http://news.bbc.co.uk/1/hi/business/6129780.stm

I'm on a fixed rate mortgage so i've no idea how much the new rate changes people payments. :look: