scoob
Premium Member
Registered: 16th Oct 03
Location: Beverley, E Riding of Yorkshire
User status: Offline
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£350.72 mortgage
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John
Member
Registered: 30th Jun 03
User status: Offline
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Wish I lived down south somewhere with cheap houses 
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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south to you could be manchester where houses cost about 50 pence.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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Ben, you do come across as an arrogant prick at times tbh. Wake up and leave the comfort of Essex once in a while. Several of the most expensive places to live in the country are in and around Manchester
[Edited on 13-02-2012 by LiVe LeE]
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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I see AK has voted
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Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
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Thought that was you.
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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at the moment 550 but fingers crossed within the next 8 weeks it will be around 1200
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Jimbothebarbarian
Member
Registered: 19th Apr 07
Location: Cumbria..........drunk..
User status: Offline
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quote:
Originally posted by Ian
£440 until the rate goes up then zero because I'll be on the street.
Fucking 
Reminds me to get a fixed rate ASAP...
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by LiVe LeE
Ben, you do come across as an arrogant prick at times tbh. Wake up and leave the comfort of Essex once in a while. Several of the most expensive places to live in the country are in and around Manchester
[Edited on 13-02-2012 by LiVe LeE]
calm down it was a joke. remember the missus' lived in scotland so i actually know that prices of houses up north can be even more expensive than down here.
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ENB
Member
Registered: 24th Apr 06
User status: Offline
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£680 mortgage. But we overpay another £280 on top.
6.23% fixed and 31 years, ftl.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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ours is over 35 years, thought it was 25 years when we took it out 
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whitter45
Member
Registered: 15th Nov 02
Location: Norton
User status: Offline
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quote:
Originally posted by Ben G
ours is over 35 years, thought it was 25 years when we took it out
I couldn't do that to be honest - far too long but understand the need to with current house prices
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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I think mine is 35 years, hopefully going to overpay a bit and then switch to 25 years when my fixed term runs out next year.
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Robbo
Member
Registered: 6th Aug 02
Location: London
User status: Offline
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Ermmm no comment
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Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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£600 Rent.
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ENB
Member
Registered: 24th Apr 06
User status: Offline
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quote:
Originally posted by James
I think mine is 35 years, hopefully going to overpay a bit and then switch to 25 years when my fixed term runs out next year.
Which is exactly what we are doing. Can overpay by up £500 a month without incurring any extra fees and having the time taken off the end, currently we've gained 5 months off.
Aiming to have the thing paid off by the time I'm 40; in 13 years.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Don't know why you would fix in this market, interest rates aren't going anywhere fast.
Could get half that % rate easily.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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Because its safer.
I'm so glad I didn't but I'm anticipating that to change.
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
User status: Offline
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quote:
Originally posted by AndyKent
Don't know why you would fix in this market, interest rates aren't going anywhere fast.
Could get half that % rate easily.
safety as Ian says, with the mortgage 100% in my name, I have no back up if the rates suddenly shot up overnight. It was different when there were two decent incomes coming in but with only one, I'm risk averse
[Edited on 14-02-2012 by LiVe LeE]
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John
Member
Registered: 30th Jun 03
User status: Offline
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You can't get half that rate as a first time buyer with 10% deposit, which most people with 35 year mortgages will be.
Could have got about 1% less unless if you had 10% and nothing else dodgy going on.
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ENB
Member
Registered: 24th Apr 06
User status: Offline
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Well, as I bought in August 2008, we fixed for 5 years due to uncertainty and viewed it as a premium to pay for safety.
Sucks quite a bit at the moment though as the base rate with the lender is about 2.5% which we'd go on if our current deal finished today, however we have to wait till August 2013 and by then they may well have gone up.
Ah well, such is life.
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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£660 including life and home insurance
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corsa120
Member
Registered: 4th May 02
Location: Northamptonshire
User status: Offline
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i would put money on the rates not changing for at least another 12-18 months yet
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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My comment was to ENB - with 13 years left he'll have a lot more equity.
TBH, I bet you could buy yourself out of your deal and still save money overall.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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quote:
Originally posted by LiVe LeE
quote:
Originally posted by AndyKent
Don't know why you would fix in this market, interest rates aren't going anywhere fast.
Could get half that % rate easily.
safety as Ian says, with the mortgage 100% in my name, I have no back up if the rates suddenly shot up overnight. It was different when there were two decent incomes coming in but with only one, I'm risk averse
[Edited on 14-02-2012 by LiVe LeE]
I'd still say you're better off variable - as said rates aren't going anywhere.
Besides, what happens if rates went up 4% and when you come off the fixed you have to find a massive amount of extra money each month? If you're that risk adverse I'd say you're better on a variable so you have to find little amounts of money rather than a massive lump.
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