I've been on lifetime trackers for last few years.. 1.19 over base
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That hasn’t helped the lad at all. You’ve just come on to wave your cheap rate in his boat raceI've been on lifetime trackers for last few years.. 1.19 over base
That hasn’t helped the lad at all. You’ve just come on to wave your cheap rate in his boat race
Not worth flipping to save a couple hundred quidI’m in the last year of a 5yr fixed rate , and will have 9 years left on my mortgage at that point.
I will probably be in a position to pay off what’s left on it a year later (Dec 2022).
Can’t find a 1 year deal anywhere and will probably have to drop onto the SVR for a year as I’m looking at about 4K in early repayment fees if I take out a 2 yr fixed rate and pay it off early.
Going onto the SVR will probably increase my monthly payments by about £100 a month.
Does anyone have any other suggestions or best way to proceed ?
I’d guess those trackers won’t be about right now. They’ll be priced with the current market. The good lifetime trackers were about years ago when they thought of base rates being 1% & below seemed a million miles away.Just saying it might be worth looking at these products
Actually got it wrong.. it's 1.49 above base
I’m in the last year of a 5yr fixed rate , and will have 9 years left on my mortgage at that point.
I will probably be in a position to pay off what’s left on it a year later (Dec 2022).
Can’t find a 1 year deal anywhere and will probably have to drop onto the SVR for a year as I’m looking at about 4K in early repayment fees if I take out a 2 yr fixed rate and pay it off early.
Going onto the SVR will probably increase my monthly payments by about £100 a month.
Does anyone have any other suggestions or best way to proceed ?
1.99 with first direct... Best I could findI’d guess those trackers won’t be about right now. They’ll be priced with the current market. The good lifetime trackers were about years ago when they thought of base rates being 1% & below seemed a million miles away.
At 1.49% you might get a decent fixed rate close to that. Depending on your LTV
There’ll be products out there with no early repayment fees. Probably trackers. However, nowt wrong with taking a 2yr fix & paying it off at the end of that. I’d guess the interest you’ll pay will be minimal.I’m in the last year of a 5yr fixed rate , and will have 9 years left on my mortgage at that point.
I will probably be in a position to pay off what’s left on it a year later (Dec 2022).
Can’t find a 1 year deal anywhere and will probably have to drop onto the SVR for a year as I’m looking at about 4K in early repayment fees if I take out a 2 yr fixed rate and pay it off early.
Going onto the SVR will probably increase my monthly payments by about £100 a month.
Does anyone have any other suggestions or best way to proceed ?
Just had a quick google & nationwide do a 2yr variable rate at 2.09% with no set up fee & no early repayment chargeI’m in the last year of a 5yr fixed rate , and will have 9 years left on my mortgage at that point.
I will probably be in a position to pay off what’s left on it a year later (Dec 2022).
Can’t find a 1 year deal anywhere and will probably have to drop onto the SVR for a year as I’m looking at about 4K in early repayment fees if I take out a 2 yr fixed rate and pay it off early.
Going onto the SVR will probably increase my monthly payments by about £100 a month.
Does anyone have any other suggestions or best way to proceed ?
When we spoke to an advisor about our mortgage in Sept, we were told to fix as long as you can. Mortgage rates won’t be as low as this for a long time.A fiscal conundrum for you this arvo.
I'm awaiting for some kind of housing farce in March when they reintroduce stamp duty and the other thing which slips my mind, but here we are again, a new mortgage product is soon required for Casa de Keawyeds.
I'm using Trussle mortgage brokers. I've used them ever since we got this house and I really recommend them. Or maybe we've just got a great bloke. Either way.
Yes I'm quite capable of looking for an arranging my own, but this takes a bit of hassle out and in all honesty we wouldn't have found the mortgage we got originally had it not been for them, so there.
We've been in 2 minds as to what to do. Do you go short again and have another 2 year fixed and have to do it again in 2 years, or do you play a slightly longer game.
How long as you going for you next mortgage? How long do you usually go for?
I've seen the recommendations and to be honest on this occasion it'll be either 2 year or 3 year fixed. I can't see the benefit of going for a longer one. Not without whacking great fees.
Thoughts?
We got a five year offset fixed at 1.59%.I’d guess those trackers won’t be about right now. They’ll be priced with the current market. The good lifetime trackers were about years ago when they thought of base rates being 1% & below seemed a million miles away.
At 1.49% you might get a decent fixed rate close to that. Depending on your LTV
For 65% ltv Coventry are doing 1.39 fixed for two years and 1.49 for 3 years.1.99 with first direct... Best I could find
Just had a quick google & nationwide do a 2yr variable rate at 2.09% with no set up fee & no early repayment charge
Tracker, reasonably low at present and should be able to get one with no early repayment charges. They could go up though, I’d be carefulI’m in the last year of a 5yr fixed rate , and will have 9 years left on my mortgage at that point.
I will probably be in a position to pay off what’s left on it a year later (Dec 2022).
Can’t find a 1 year deal anywhere and will probably have to drop onto the SVR for a year as I’m looking at about 4K in early repayment fees if I take out a 2 yr fixed rate and pay it off early.
Going onto the SVR will probably increase my monthly payments by about £100 a month.
Does anyone have any other suggestions or best way to proceed ?
The Bank of England have told banks to have systems ready for negative interest rates should they bring them in in 6 months. Rates would only ever creep up, so in his two years I’d be pretty confidentTracker, reasonably low at present and should be able to get one with no early repayment charges. They could go up though, I’d be careful