the_duke_of_hazzard Posted April 12, 2013 Author Share Posted April 12, 2013 Whoop - there it is: http://themortgagemeter.com/#/latest_changes along with yet more reductions from Halifax, Lloyds and Santander. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 12, 2013 Share Posted April 12, 2013 Whoop - there it is: http://themortgageme.../latest_changes along with yet more reductions from Halifax, Lloyds and Santander. there must be huge demand....NOT Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted April 12, 2013 Author Share Posted April 12, 2013 there must be huge demand....NOT Yeah it'd be interesting track against mortgages completed now that fls has been around a while. Quote Link to comment Share on other sites More sharing options...
mrtickle Posted April 12, 2013 Share Posted April 12, 2013 check the APR...remember these things are crafted in clean rooms with besmocked and masked experts with screwdrivers. Does the APR take the fee into account? I thought it was just the first interest rate and then the SVR. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 13, 2013 Share Posted April 13, 2013 Does the APR take the fee into account? I thought it was just the first interest rate and then the SVR. I beleive the APR takes all costs into account for a year. Thats why APRs of 2000% plus are seen on the telly....you may only pay £15 for a £100pay day loan, so in this case people can see usery, whereas most banks will charge you £20 for being £1 over your overdraft limit. Quote Link to comment Share on other sites More sharing options...
Coffeehead Posted April 13, 2013 Share Posted April 13, 2013 Does anyone have a chart of future expected interst rates? Those are very cheap now. 150k mortgage less than 300 quid a month interest Would really like to know how long this is going to go on for Quote Link to comment Share on other sites More sharing options...
winkie Posted April 13, 2013 Share Posted April 13, 2013 Does anyone have a chart of future expected interst rates? Those are very cheap now. 150k mortgage less than 300 quid a month interest Would really like to know how long this is going to go on for These graphs are interesting.....but anything can happen and it will. http://www.swap-rates.com/UKSwap_extended.html Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 13, 2013 Share Posted April 13, 2013 Does anyone have a chart of future expected interst rates? Those are very cheap now. 150k mortgage less than 300 quid a month interest Would really like to know how long this is going to go on for the time to drop a leveraged asset is when the levers are throwing the kitchen sink at them...clearly, they are at or near the max. Quote Link to comment Share on other sites More sharing options...
Coffeehead Posted April 13, 2013 Share Posted April 13, 2013 the time to drop a leveraged asset is when the levers are throwing the kitchen sink at them...clearly, they are at or near the max. At the turn of the year I finally thought thing were going to correct but after the budget it's all up in the air again. Its getting to a position of gambling now, the difference between the rent and interest on a mortgage is getting so big that if you funnelled the difference into repayments you will be paying down the capital very quickly. If this is going to continue for years then you could have your mortgage down to peanuts before rates go up again. Tough questions Quote Link to comment Share on other sites More sharing options...
winkie Posted April 13, 2013 Share Posted April 13, 2013 At the turn of the year I finally thought thing were going to correct but after the budget it's all up in the air again. Its getting to a position of gambling now, the difference between the rent and interest on a mortgage is getting so big that if you funnelled the difference into repayments you will be paying down the capital very quickly. If this is going to continue for years then you could have your mortgage down to peanuts before rates go up again. Tough questions ....all depends on what you pay for rent of course......but divide your net pay into the total cost of what you would spend on a property......how many years would it take to repay it if every penny you earned went on repaying debt not including the interest and fees, stamp duty, upkeep etc Then think if you waited a while, saved in the right places and were able to earn some more to knock off some of that cost........when more people need or want to sell, when they see their property 'investments' are not keeping up with inflation and they are finding that they are putting their hands into their pockets more times than they would like to, homes will become cheaper to buy......it is only the low interest rates and TPTB putting pressure on people to buy that have stopped larger nominal falls......there is no more room left for manoeuvre, the options have all but been saturated...... Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 13, 2013 Share Posted April 13, 2013 At the turn of the year I finally thought thing were going to correct but after the budget it's all up in the air again. Its getting to a position of gambling now, the difference between the rent and interest on a mortgage is getting so big that if you funnelled the difference into repayments you will be paying down the capital very quickly. If this is going to continue for years then you could have your mortgage down to peanuts before rates go up again. Tough questions house prices are falling most places. asking prices are not. buying isnt for me. too spoilt by renting, Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted April 19, 2013 Author Share Posted April 19, 2013 Natwest have slashed a couple of rates: http://themortgagemeter.com/#/latest_changes Been a quiet week... Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted April 21, 2013 Share Posted April 21, 2013 (edited) "membrane" has fond a 10 year fixed for 3.99%, 75% LTV. Norwich & Peterborough http://www.nandp.co.uk/mortgages Edited April 21, 2013 by Tired of Waiting Quote Link to comment Share on other sites More sharing options...
winkie Posted April 21, 2013 Share Posted April 21, 2013 What would you rather have a £50k house and 8% interest rate or a £250k house and a 2% interest rate? Or a £500k house and 0% interest rate...........remember all these houses are the same house. Quote Link to comment Share on other sites More sharing options...
giantbat Posted April 21, 2013 Share Posted April 21, 2013 What would you rather have a £50k house and 8% interest rate or a £250k house and a 2% interest rate? Or a £500k house and 0% interest rate...........remember all these houses are the same house. If you buy now you may have all three. Quote Link to comment Share on other sites More sharing options...
winkie Posted April 21, 2013 Share Posted April 21, 2013 If you buy now you may have all three. Like it. Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted April 21, 2013 Share Posted April 21, 2013 At the turn of the year I finally thought thing were going to correct but after the budget it's all up in the air again. Its getting to a position of gambling now, the difference between the rent and interest on a mortgage is getting so big that if you funnelled the difference into repayments you will be paying down the capital very quickly. If this is going to continue for years then you could have your mortgage down to peanuts before rates go up again. Tough questions Nothing has changed, UK government can`t match the money that was around for mortgages in the days of securitization, it is inevitable what has to happen, Osbourne is just pretending to want to keep the ponzi afloat because there are quite a few votes in it, if banks are ever going to make mortgage business work for them again those who own outright, or have small mortgages have to drop their selling prices. Quote Link to comment Share on other sites More sharing options...
Ah-so Posted April 21, 2013 Share Posted April 21, 2013 What would you rather have a £50k house and 8% interest rate or a £250k house and a 2% interest rate? Or a £500k house and 0% interest rate...........remember all these houses are the same house. Option 1: Monthly repayments £390 Option 2: Monthly repayments £1,067 Option 3: Monthly repayments £1,667 I would definitely go for the £50,000 mortgage! Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted April 24, 2013 Author Share Posted April 24, 2013 More drops from Skipton, who were already cheap: http://themortgagemeter.com/#/latest_changes With lending values still dropping, it seems no one wants to buy. That certainly chimes with the area of London I'm looking at, where nothing seems to be shifting and everything is very optimistically priced. Quote Link to comment Share on other sites More sharing options...
the_duke_of_hazzard Posted April 29, 2013 Author Share Posted April 29, 2013 HSBC drops a lot of fees and rates: http://themortgagemeter.com/#/latest_changes They seem to be doing some "clever" things with fees to make the determination of up and down a bit more complex, but it's still mostly cheaper mortages. Some higher LTV mortgages have got dearer. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted April 30, 2013 Share Posted April 30, 2013 HSBC drops a lot of fees and rates: http://themortgagemeter.com/#/latest_changes They seem to be doing some "clever" things with fees to make the determination of up and down a bit more complex, but it's still mostly cheaper mortages. Some higher LTV mortgages have got dearer. Thanks again TDoH, great work there. I've noticed this 10 year fix for First-Time Buyers from Yorkshire Building Society at 3.99%, 75.0% LTV, £0 fee. Isn't this the first time we have a 75% LTV 10-year fix under 4%? I just remember that you also have a "Best Buy" table: http://themortgagemeter.com/#/best_buys Yep, that is indeed the cheapest now. And I don't remember having ever anything lower than that. Do you? Cheers, ToW Quote Link to comment Share on other sites More sharing options...
DabHand Posted April 30, 2013 Share Posted April 30, 2013 "membrane" has fond a 10 year fixed for 3.99%, 75% LTV. I called up about that yesterday afternoon. Guess what - they withdrew it yesterday morning. Website still had it up there though. Yorkshire 10yr or 10yr with offset looks quite good. Came out this week. Get the impression they take turns. Quote Link to comment Share on other sites More sharing options...
Tired of Waiting Posted April 30, 2013 Share Posted April 30, 2013 (edited) I called up about that yesterday afternoon. Guess what - they withdrew it yesterday morning. Website still had it up there though. Yorkshire 10yr or 10yr with offset looks quite good. Came out this week. Get the impression they take turns. Thanks. (My goldfish memory...) 10yr with offset? That sounds good! Do you have a link please? Cheers, ToW Edit: I've found it: http://www.ybs.co.uk/mortgages/mortgage-finder.html#13274-product-details . Edited April 30, 2013 by Tired of Waiting Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 30, 2013 Share Posted April 30, 2013 Thanks. (My goldfish memory...) 10yr with offset? That sounds good! Do you have a link please? Cheers, ToW Edit: I've found it: http://www.ybs.co.uk...product-details . dont forget that with offset there are issues with the FSCS...they arent sure how they will be handled. Quote Link to comment Share on other sites More sharing options...
motch Posted April 30, 2013 Share Posted April 30, 2013 HSBC drops a lot of fees and rates: http://themortgagemeter.com/#/latest_changes They seem to be doing some "clever" things with fees to make the determination of up and down a bit more complex, but it's still mostly cheaper mortages. Some higher LTV mortgages have got dearer. what deal would be best for me? Looking for a fixed ideally of at least 3 years, ideally 5 or 7 years (maybe 10 years). fees at £0 or a few hundred at most if deal is good. LTV around 75%, might get 60% if lucky. might chance a base rate tracker if very low. current rate 4.74% variable, approx £58k mortgage, 23 years to go. Quote Link to comment Share on other sites More sharing options...
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