nova Posted July 8, 2005 Report Share Posted July 8, 2005 This is the Portman's current fixed rate. I clearly remember looking in their shop window 2 years ago and it was 1.99%. Thos people who got the 1.99% should be just exiting the and looking at the nasty end of a 6.74% variable rate. How on earth will those poor sods survive ? I assume they were hard pushed 2 years ago ! The prices round here are around 2003 levels so equity can't bail them out. Quote Link to post Share on other sites
Dicky Posted July 8, 2005 Report Share Posted July 8, 2005 This is the Portman's current fixed rate. I clearly remember looking in their shop window 2 years ago and it was 1.99%.Thos people who got the 1.99% should be just exiting the and looking at the nasty end of a 6.74% variable rate. How on earth will those poor sods survive ? I assume they were hard pushed 2 years ago ! The prices round here are around 2003 levels so equity can't bail them out. <{POST_SNAPBACK}> Anyone overstretching themselves to buy their dream home with a fixed rate deal at 1.99% should have been taking outside and slapped, those entering the market should budget with the assumption that rates could hit 10%, otherwise leave it to the experts. Quote Link to post Share on other sites
Perplexed Posted July 8, 2005 Report Share Posted July 8, 2005 Anyone overstretching themselves to buy their dream home with a fixed rate deal at 1.99% should have been taking outside and slapped, those entering the market should budget with the assumption that rates could hit 10%, otherwise leave it to the experts.<{POST_SNAPBACK}> WRONG ! any rate at 1.99% would have been extremely short - the BEST on the market for 2 years ago was 3.29% - I know that because I got it - as for the rates now you conveniently forget to say that the current rates are significantly better than say 6 months ago and FALLING - but then I guess a doom-mongerer would forget. The smart person now would wait 3-6 months on a variable if neccessary then go onto a fix which will be sub 4% by then. Its not difficult with a little savvy. If the 3-6 months is too painful ? then get a discount deal Sorry if this positivity is unwelcome on here ! Quote Link to post Share on other sites
nova Posted July 8, 2005 Author Report Share Posted July 8, 2005 WRONG ! any rate at 1.99% would have been extremely short - the BEST on the market for 2 years ago was 3.29% - I know that because I got it - as for the rates now you conveniently forget to say that the current rates are significantly better than say 6 months ago and FALLING - but then I guess a doom-mongerer would forget. The smart person now would wait 3-6 months on a variable if neccessary then go onto a fix which will be sub 4% by then. Its not difficult with a little savvy.If the 3-6 months is too painful ? then get a discount deal Sorry if this positivity is unwelcome on here ! <{POST_SNAPBACK}> They're still around now ! Get this - self-certification for 1.99% for 2 years. http://www.moneysupermarket.com/Mortgages/BestBuys.asp Quote Link to post Share on other sites
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