Jump to content
House Price Crash Forum
Sign in to follow this  
dpg50000

Fixed Rate Mortgages Still Increasing

Recommended Posts

Nationwide's 10 year fixed rate went from 4.79% to 5.04% about a month back. In the last day it's gone up to 5.08% - ok a small amount, but still 0.31 in just over a month with unchanged base rates.

Methinks the boiled frogs won't realise anything until it's too late.

Share this post


Link to post
Share on other sites

Nationwide's 10 year fixed rate went from 4.79% to 5.04% about a month back. In the last day it's gone up to 5.08% - ok a small amount, but still 0.31 in just over a month with unchanged base rates.

Methinks the boiled frogs won't realise anything until it's too late.

And now it's up to 5.18%, so 0.39% on the rate in a few months without any changes in the base rates.

0.39% as a percentage of 4.79% means the cost of servicing the mortgage has gone up by about 8%.....

Good job there is no inflation or lax lending leading to bad debt, eh? :angry:

Share this post


Link to post
Share on other sites

And now it's up to 5.18%, so 0.39% on the rate in a few months without any changes in the base rates.

0.39% as a percentage of 4.79% means the cost of servicing the mortgage has gone up by about 8%.....

Good job there is no inflation or lax lending leading to bad debt, eh? :angry:

But the new rates only apply to new applicants. There is no increase to those who have an existing 10 yr fixed mortgage - so their cost of servicing the mortgage remains the same.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.