Mortgage advice
- Thread starter TheWanderer
- Start date
monkeytassle
Striker
I'm still amazed at how people run 3 or 4 cars.
Mate I’m amazed at how some people run one
I think there’s going to be some very difficult times ahead for a lot of people financed to the eyeballs.
How many brand new premium cars do you see flying about? All on tick…
You can’t get a 2.99 fixed for 2 years. Unless you know something the rest of us don’t.
A quick mse comparison check for remortgage at 40%ltv comes back with bank of China at 3.83% with just under 2k set up fee. Everything else is above 4%.
Cheapest 2 year no fee fixed was Lloyds at 5.04%
kyle's left foot
Midfield
just looked again they were trackers (wasnt clearly described if im honest like) - most fixed 2 yr ones were about 4.8/9%works out about a £200 increase on my mortgage which isnt the end of the world like as thats not far off what ive been overpaying anyway
monkeytassle
Striker
There's a lad about 4 streets away has a mclaren and a range rover as well as a q3. And his van.Mate I’m amazed at how some people run one
I think there’s going to be some very difficult times ahead for a lot of people financed to the eyeballs.
How many brand new premium cars do you see flying about? All on tick…
Caught me out when I was first looking. I’ve managed to get away with not much of an increase and fixed for 5 year but they seem to be going up every few days
works out about a £200 increase on my mortgage which isnt the end of the world like as thats not far off what ive been overpaying anyway
Pop
Striker
Mate I’m amazed at how some people run one
I think there’s going to be some very difficult times ahead for a lot of people financed to the eyeballs.
How many brand new premium cars do you see flying about? All on tick…
Most will be lease or PCP tbf which you can just hand back at the end of the term.
I am not a fan of lease or PCP but a lot of people are happy as long as they can afford the monthly payments. Again, not a view I share but a lot of people I know are way less risk averse than me.
Everyone is different.
MackemBob
Striker
A lot of folk near us are shifting down to one car. They’ve always had two cars less than 3 years old on the drives up until now.Mate I’m amazed at how some people run one
I think there’s going to be some very difficult times ahead for a lot of people financed to the eyeballs.
How many brand new premium cars do you see flying about? All on tick…
To be honest it’s quite nice and could be great if they keep it that way as the streets aren’t clogged up with loads of vehicles.
The Irish economy mustn’t be forecasting future rate rises as a way of curbing inflation.
DoctorMick
Striker
The rates being offered basically factor in future increases in the base rate.
kyle's left foot
Midfield
IMO we are in the middle of the panic/storm - I think this will settle in NY, one next media shitstorm comes along
Frustrates the life out of me. Shorter term will cost you far less overall. If you have the disposable income (which I appreciate for many may not currently be the case) use it to get the mortgage down. You can still have a life but that £50-£100 saving per month isn’t going to give you that extra holiday to the Maldives.
monkeytassle
Striker
I was curious. I looked at finance on a mclaren. No looking guess how muchI mean if you can afford a McLaren you’re doing okay
I promised I'd do that actually. Svr v base
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AndrewP
Striker
Have they really outpaced wages by much over the last ten years?
joemcdokes
Striker
Need someone to keep the economy going, well done him, go and ask him if he fancies a Qashqai.
Someone did a “real world” interest rate and it was equivalent to what it was in the 80s because house prices and wages have changed so much. I’ll try and find it
Well I got quoted £900+ for a Taycan and that was salary sacrifice all inclusive so let’s say £1.8k for a McLaren
(I was not seriously considering the Taycan, as losing £900 a month would probably take me below NMW and also I’d like to be able to afford food and rent)
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