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Bank Offers Lowest Ever Mortgage Deals 2.65% Tracker

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http://www.telegraph.co.uk/finance/persona...te-of-2.65.html

Ok it's got pretty tough t+c's.

I could take a £1 million mortgage now (if they'd let me ;) ), and be paying about the same as my fixed rate £250k repayment one costs me today!

I think I'm going to get me one of those fancy Knightsbridge houses.

Not interested myself as the rate is far too high. I'm on lifetime tracker at 2.2% at the moment. :lol::lol::lol::lol::lol:

Even better, my brother has a 1.69% lifetime tracker!

Edited by youthoftoday

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http://www.telegraph.co.uk/finance/persona...te-of-2.65.html

Ok it's got pretty tough t+c's.

I could take a £1 million mortgage now (if they'd let me ;) ), and be paying about the same as my fixed rate £250k repayment one costs me today!

I think I'm going to get me one of those fancy Knightsbridge houses.

So, I could just go out, get one of these mortgages, and 'buy' a house for a million?

I could certainly afford to pay that a month right now....

I've just got this funny feeling that it might not be a good idea to do so, cant think why. :rolleyes:

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The new mortgage is being offered by a private bank and is only available to what are considered fairly elite customers - those who are looking to borrow a minimum of £500,000 and have a minimum deposit of 40 per cent of the value of their property. For those looking to borrow the minimum amount, this would equate to at least £200,000.

so you buy your 1.6million house, add your £10K arrangement fee and watch your money disappear. Oh, and you need to be a customer of the bank and have an income of £300K.

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So, I could just go out, get one of these mortgages, and 'buy' a house for a million?

I could certainly afford to pay that a month right now....

I've just got this funny feeling that it might not be a good idea to do so, cant think why. :rolleyes:

Go for it. House prices always double every 7 years - a maths teacher told me.

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http://www.telegraph.co.uk/finance/persona...te-of-2.65.html

Ok it's got pretty tough t+c's.

I could take a £1 million mortgage now (if they'd let me ;) ), and be paying about the same as my fixed rate £250k repayment one costs me today!

I think I'm going to get me one of those fancy Knightsbridge houses.

I imagine the 40% deposit may present a stumbling block for many :lol:

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Andrew Montlake, of mortgage brokers Cobalt Capital, which is exclusively offering the seven-year tracker deal, said: "Although this latest deal is a bespoke product for high net worth individuals, it is a perfect example of what some lenders with a bit of imagination can achieve - even in this market.

yes, they are fracking geniuses you tosser!!!!

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" those who are looking to borrow a minimum of £500,000 and have a minimum deposit of 40 per cent of the value of their property. For those looking to borrow the minimum amount, this would equate to at least £200,000."

She cannot even do the basic maths for herself - Personal Finance Correspondent .

If you are borrowing 500K and the minimum deposit is 40%, then 500k loan is 60% and your deposit is 500k/60*40=333K

You need a minimum 333k as deposit, not 200k

:lol::lol::lol:

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" those who are looking to borrow a minimum of £500,000 and have a minimum deposit of 40 per cent of the value of their property. For those looking to borrow the minimum amount, this would equate to at least £200,000."

She cannot even do the basic maths for herself - Personal Finance Correspondent .

If you are borrowing 500K and the minimum deposit is 40%, then 500k loan is 60% and your deposit is 500k/60*40=333K

You need a minimum 333k as deposit, not 200k

:lol::lol::lol:

And the cheapest property they would len for would be valued at just under £840k, which is the upper end of the market most likely to dive.

But with a 40%equity they will nicely repocess you and still make a profit.

B***tards :ph34r:

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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