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Mortgage for 1p a month...
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[quote][i]Originally posted by Cosmo[/i] No, Im not amazed at the actual rate, thats to be expected at the moment, I am amazed banks are actually offering such long terms. Its very likely that when the markets begin to rebound fully, in a couple of years maybe, the interest rates are going to go a fair amount up - and a 5yr term is maybe just long enough to see out the major rate hikes and for things to return to some sort of normality. I put off moving from my apartment to a house and getting a mortgage about a year ago as knew this was going to happen, but I really didnt expect to be seeing these sorts of deals on the table (2yrs, maybe 3, but not 5!). May get myself a meeting with an advisor next week and see what sort of deal I can get as will have a big deposit to put down on any deal. [/quote]
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