Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
|
base rate was 5.75% this time last year
|
Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
|
They're currently doing 1.59% over their base of 5% for 90% LTV.
|
Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
|
Ian do you mean tracker????
|
Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
|
Indeed I do, Lifetime no less.
|
Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
|
Well in that case RBS Base Rate Tracker is 1.54% above base rate
Halifax do one at 0.99% 
|
Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
|
So to summarise, stick with mine 
|
Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
|
Or maybe have a look around  
Are Barclays now Woolwich???
The only thing close i can find is HSBC at 0.69% or northern bank whoever they are 0.59%
Good deal there Ian 
[Edited on 17-07-2008 by Kerry]
|
Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
|
Jesus the mortgage on mien and Natalies hosue was 0.44% over BoE Base Rate
SO glad I dont ahve a mortgage right now... also Id tend to agree with Kerry in that no way woudl I want to be tied into a 5 year fixed rate right now!
|
Kathryn W
Member
Registered: 12th Oct 03
Location: Widnes, Cheshire
User status: Offline
|
Well thats the best deal at the minute, we needed to buy and so we did...
If we went and bought now we'd be paying £200 extra with the interest rates as they are.
We can afford it so we're not that bothered, yes we could have waited and got a lower rate, but then we wouldnt have the 10% deposit, nor the house we love
|
Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
|
Fixed does also offer security, particularly at higher LTV. You at least know where you stand for 5 years. Even if prices fall and you pay more than you need to, at least you are protected from rate rises so you won't lose the house.
|
Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Online
|
Also - got a call back from Barclays today who assured me that their rate tracks BoE. The yearly statement is due in September so I'll see where that goes.
|
MikeE
Member
Registered: 7th Mar 03
Location: Milton Keynes
User status: Offline
|
quote:
Originally posted by Kerry
Or maybe have a look around
Are Barclays now Woolwich???
The only thing close i can find is HSBC at 0.69% or northern bank whoever they are 0.59%
Good deal there Ian
[Edited on 17-07-2008 by Kerry]
Barclays own the Woolwich now as ive got a fixed rate 100% mortage offer with them.
|
Fee
Member
Registered: 16th Nov 05
Location: With AK
User status: Offline
|
Colin - if you're looking for a financial advisor try Fergus McFerguson at A1 Financial in Edinburgh
He's done all our mortgages, all my dad's and all my sister's and has always been spot on
|
Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
|
what is current boe rate? were fixed at 5.49% which im more than happy with as we can afford it and we always know exactly how much were paying out.
|
Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
|
5%
|
purple_corsa_gls
Member
Registered: 25th May 04
Location: Near Sunderland
User status: Offline
|
there are still some decent deals out there. HSBC offer some decent rates, and their trackers are all fee free and betweem 0.99 to 0.79 over base....fixed rates are good compared to most and the ones with fees dont have huge fees either
|
Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
|
quote:
Originally posted by Russ
what is current boe rate? were fixed at 5.49% which im more than happy with as we can afford it and we always know exactly how much were paying out.
Thats a pretty good rate atm... BOE voted today (narrowly I believe) to hold at 5%
|
Bart
Member
Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
User status: Offline
|
Kerry,
Im just about to re-mortage ours as its just expired from a 2 year fixed rate.
Do you have any advice as what to go for?
We have very good history and up until this month have been on 4.59%!
We're currently with Abbey who have quoted me the following info:
A two year tracker at 1.09% above the base rate is 6.09%, with monthly repayments of £909 and an arrangement fee of £724 (this can be added to the mortgage).
A two year fixed rate of 6.39% with monthly repayments of £938 and arrangement fee of £900 (can be added to mortgage).
We currently have an outstanding mortgage of £145k.
|
Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
|
This is not advice this is my suggestion
Dont go with anything that ties you in for too long incase the market changes but get the best deal you can at the minute for the short time and watch for redemption penaltys!
I know its been said a million times but if you go and see an advisor they will have the most up to date rates and give you proper advice. I have heard that halifax are pretty good at the min and I know RBS are about to cut thier rates again
|
Bart
Member
Registered: 19th Aug 02
Location: Midsomer Norton, Bristol Avon
User status: Offline
|
when do you think they'll cut their rates? days/weeks/months?
Our advisor has told me to go for the 2 year fixed from Abbey.
I've filled out one of the forms on money supermarket and one of the companies has come back with a fixed 2 year rate of 5.something.
|
