Mortgage rates rates what you paying???
21-08-2006, 10:27 PM
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Mortgage rates rates what you paying???
Just comeing to the end of a 5 year fixed Mortgage my rate was 6.09 % interested.
Why the going rate now & what % you paying???
Why the going rate now & what % you paying???
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22-08-2006, 05:57 AM
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Originally Posted by cossie4i
Im 4.5 years into a 7 year fixed rate and mine is 5.69%.
Had Ł100,000 over 20 years and i pay Ł697.27p a month.
Steve.
Had Ł100,000 over 20 years and i pay Ł697.27p a month.
Steve.
22-08-2006, 08:05 AM
#16
most of you are getting butt fucked propelry 
i've got a Ł180k mortgage and pay Ł960 a month at 4.29% fixed for 5 years with the halifax
but when it DOES go back up i would be paying along the lines of Ł1450 a month, which will butt fuck me
and then i'll change mortgages
i've got a Ł180k mortgage and pay Ł960 a month at 4.29% fixed for 5 years with the halifax
but when it DOES go back up i would be paying along the lines of Ł1450 a month, which will butt fuck me
and then i'll change mortgages
22-08-2006, 09:01 AM
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Im halfway through a 2 year fixed and I believe my rate is around 4.78% with the Abbey (5 years ago I was on 3.28% oh how things change lol).
A year ago the going rate was just over 5.00% so my current mortgage was a good deal. People paying over 6.00%........... move your Mortgage, that is extortionate!!!!
A year ago the going rate was just over 5.00% so my current mortgage was a good deal. People paying over 6.00%........... move your Mortgage, that is extortionate!!!!
22-08-2006, 09:10 AM
#20
............
My fixed deal just ended with HSBC and i managed to get them to refix at 5.1% for three years, on a 95% repayment mortgage
at all you lot paying over 6% do you have bad credit or no equity?
at all you lot paying over 6% do you have bad credit or no equity?
22-08-2006, 09:16 AM
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Originally Posted by MattRS1600i
My fixed deal just ended with HSBC and i managed to get them to refix at 5.1% for three years, on a 95% repayment mortgage
at all you lot paying over 6% do you have bad credit or no equity?
at all you lot paying over 6% do you have bad credit or no equity?mine at 6.09 was fixed 5 year ago and have no other debts or bad credit??
now only owe 50k on a 160k house
22-08-2006, 09:18 AM
#23
............
Originally Posted by DOO
now only owe 50k on a 160k house
I wish I didThats a nice position to be in dude
I was meaning people who have fixed recently at over 6% really, should have made myself clearer
22-08-2006, 11:02 AM
#24
Testing the future
you can't compare lending rates unless you have a similar proportion of mortgage value vs property value. 
a lender will give you a much better rate if you are only borrowing against 50% of the value of the property than if you are borrowing against 95%, as the risk for them not to get their money back if property prices crash is obviously much less
a lender will give you a much better rate if you are only borrowing against 50% of the value of the property than if you are borrowing against 95%, as the risk for them not to get their money back if property prices crash is obviously much less
22-08-2006, 11:08 AM
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Originally Posted by foreigneRS
you can't compare lending rates unless you have a similar proportion of mortgage value vs property value.
a lender will give you a much better rate if you are only borrowing against 50% of the value of the property than if you are borrowing against 95%, as the risk for them not to get their money back if property prices crash is obviously much less
a lender will give you a much better rate if you are only borrowing against 50% of the value of the property than if you are borrowing against 95%, as the risk for them not to get their money back if property prices crash is obviously much less
22-08-2006, 11:09 AM
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Originally Posted by foreigneRS
you can't compare lending rates unless you have a similar proportion of mortgage value vs property value.
a lender will give you a much better rate if you are only borrowing against 50% of the value of the property than if you are borrowing against 95%, as the risk for them not to get their money back if property prices crash is obviously much less
a lender will give you a much better rate if you are only borrowing against 50% of the value of the property than if you are borrowing against 95%, as the risk for them not to get their money back if property prices crash is obviously much less
A rate alone is pointless
22-08-2006, 11:12 AM
#27
............
Originally Posted by foreigneRS
you can't compare lending rates unless you have a similar proportion of mortgage value vs property value.
against Doos 6.09% on a Ł160k house with almost 69% equity
Or are you suggesting he's got a corker of a deal compared to me
22-08-2006, 11:17 AM
#28
Testing the future
MattRS1600i you're quite right. i was talking in general.
Clare i don't agree. especailly for those who've had a mortgage for a while and have already paid off some of the capital of the loan. and look at DOO's case, he's only borrowing against 31% of the value
i was talking in general.Clare i don't agree. especailly for those who've had a mortgage for a while and have already paid off some of the capital of the loan. and look at DOO's case, he's only borrowing against 31% of the value
22-08-2006, 11:24 AM
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Ok, fair point Nick I do see what you´re saying and agree.
But also most (not all I know) lenders have standard table rates no matter what amount you are borrowing and period of time, but yes it is pretty difficult to gauge a fair comparison on here from lender to lender as there as sooooo bloody many of them around these days!
But also most (not all I know) lenders have standard table rates no matter what amount you are borrowing and period of time, but yes it is pretty difficult to gauge a fair comparison on here from lender to lender as there as sooooo bloody many of them around these days!
22-08-2006, 11:43 AM
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As far as I am aware getting a long term fixed rate of 5 years on a 95%+ mortgage is going to edge towards the thick end of 5% and this may creep up a little soon since we saw the base rate rise this summer.
Variable offers seem to be at the lower end of 5% and if you've got a lot of capital then the worlds your oyster at the moment. I'd be concerned about inflation continuing like it is though.
Variable offers seem to be at the lower end of 5% and if you've got a lot of capital then the worlds your oyster at the moment. I'd be concerned about inflation continuing like it is though.
22-08-2006, 11:56 AM
#31
Lee, what are the current bank of porkie rates, as im looking for a new deal, can i take the "borrow some money and dont ever pay it back" loan option that seems popular with some of your clients?
Im on 5.14% after a recent .25% rise
Im on 5.14% after a recent .25% rise
22-08-2006, 12:00 PM
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i Think From Memory Mine Was 5.9% Fixed for 5 Years, But i wanted a more
expensive house, so the amount i put in was less in comparison, plus i was in
a contract job not a permanent one, like i am now..
Al...
expensive house, so the amount i put in was less in comparison, plus i was in
a contract job not a permanent one, like i am now..
Al...
22-08-2006, 12:03 PM
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Originally Posted by cossie4i
Originally Posted by Porkie
How much!!!
Steve.
22-08-2006, 12:07 PM
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Originally Posted by Porkie
Originally Posted by cossie4i
Originally Posted by Porkie
How much!!!
Steve.
22-08-2006, 12:10 PM
#35
We are currently sitting at 5.75%, having taken the mortgage out at 95%.
The property must now be worth Ł50k more than when we bought it, so thinking of re-mortgaging soon as the LTV should be heading towards 70-80% I would have thought.
That's my theory anyway!
We need to get on a repayment mortgage too.
The property must now be worth Ł50k more than when we bought it, so thinking of re-mortgaging soon as the LTV should be heading towards 70-80% I would have thought.
That's my theory anyway!
We need to get on a repayment mortgage too.
22-08-2006, 12:11 PM
#36
When i took out my mortgage my new house cost me Ł209,000. I was lucky that i only had to borrow Ł100,000
It is now worth about Ł300,000 and i only have about Ł70,000 to pay off
You can bet when the fixed rate is finished in 2.5 years the interest rates will have gone right up
Mine is on a repayment term as well.
Steve.
It is now worth about Ł300,000 and i only have about Ł70,000 to pay off
You can bet when the fixed rate is finished in 2.5 years the interest rates will have gone right up
Mine is on a repayment term as well.
Steve.
22-08-2006, 12:18 PM
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No mortgage 
Bought one during the slump when interest rates were around 20% (about 15 yrs ago - at the time it was much better to leave your money in the bank than buy a house). Glad I took the plunge, has gone up in value about 3x since 
Bought one during the slump when interest rates were around 20%
(about 15 yrs ago - at the time it was much better to leave your money in the bank than buy a house). Glad I took the plunge, has gone up in value about 3x since
22-08-2006, 12:25 PM
#38
Originally Posted by TimGR
No mortgage
Bought one during the slump when interest rates were around 20% (about 15 yrs ago - at the time it was much better to leave your money in the bank than buy a house). Glad I took the plunge, has gone up in value about 3x since
Bought one during the slump when interest rates were around 20%
(about 15 yrs ago - at the time it was much better to leave your money in the bank than buy a house). Glad I took the plunge, has gone up in value about 3x since Steve.
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