Will it go positive MT?
Property will drop at least 10% this year, it's a good time to be a buyer.Great for you but spare a thought for those of us who don't have a mortgage...where's my piece of the pie...some selfish buggers on here mind
It's still positive
Negative I meant, sorry
No. It hurts the building society community too much. This cut has not been passed on to borrowers. Just savers. No point making that worse. Next thing will be to buy long end so gilts
The rate changes for borrowers and savers seems to be effective from 1st May.
Thanks, why does the ECB persevere with it though, jobs in the euro area, or German-centric pressure?
It's been baked in since Jan.
It's extremely technical but they want people to either lend or spend. The repo rate is still 0%
That may be the case in commercial rates but not within domestic mortgages and savings rates.
Yer it has. Why do you think trackers and low rates fixed rates have disappeared.
Atleast 10% residential, more for commercial I think ...I have set aside a little to see what commercial becomes available.
Their svr was 4.74%.
But nobody was paying that as their discount rates are linked to their SVR.
I'm currently reading about dual interest rates, still trying to get my head around it in fairness.
Get down Shep!
My point is they are shitty lenders. Lenders hedge their profits on the yield curve. Mortgage rates have barely changed since Jan. I know. I took a 5y fix 2y ago at 1.84%. I just applied for a mortgage todsy in fact and the 2y fix is amazingly the same. As is the 5y. And they suspended mortgages linked to base.
I'm quite happy with an interest only loan which is about to reduce to 1.3%.
That's excellent. Interest only mind si Just servicing the borrowing. Which is fine before I get launched into again
It works for me which is all that matters.That's excellent. Interest only mind si Just servicing the borrowing. Which is fine before I get launched into again
