dellboy Posted March 10, 2008 Share Posted March 10, 2008 Birmingham Midshires’ current rates are due to be withdrawn at midnight tomorrow. Full details must be received by close of business Tuesday 11th March in order to secure the rate requested.We have had unofficial information which indicates rates are to go up quite sharply. Should you have any queries, please don’t hesitate to contact us. Kind regards, ****** ******* Mortgage Administrator Quote Link to comment Share on other sites More sharing options...
tinecu Posted March 10, 2008 Share Posted March 10, 2008 this is big news...these guys are the big BTL finance arm of HBOS. Their slogan is 'all the ammunition you need' hope they save the last bullet for themselves. Quote Link to comment Share on other sites More sharing options...
mikthe20 Posted March 10, 2008 Share Posted March 10, 2008 this is big news...these guys are the big BTL finance arm of HBOS. Their slogan is 'all the ammunition you need' hope they save the last bullet for themselves. Quote Link to comment Share on other sites More sharing options...
laurejon Posted March 10, 2008 Share Posted March 10, 2008 I have an mortgage offer from them that expires on 28th April, 5.5% fixed for ten years. Might have to take advantage of the cheap dosh and find somewhere quick. Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted March 10, 2008 Share Posted March 10, 2008 Cheers for the heads up. I'll be watching closely. Quote Link to comment Share on other sites More sharing options...
DoctorJ Posted March 10, 2008 Share Posted March 10, 2008 The smaller they are, the more they take down with them Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted March 10, 2008 Share Posted March 10, 2008 And savings rates - up also? Quote Link to comment Share on other sites More sharing options...
Optobear Posted March 10, 2008 Share Posted March 10, 2008 I have an mortgage offer from them that expires on 28th April, 5.5% fixed for ten years.Might have to take advantage of the cheap dosh and find somewhere quick. Laurejon, Not sure 5.5% is going to look particularly cheap soon, also from similar experience with C&G a couple of years ago, you may need to actually get a cheque to them for the booking fee and details of the house. I think most of those mortgage offers with expiry dates in the future don't guarantee the funds at any particular rate (and, although I've not checked paperwork, I suspect they can pull them anyway at anytime.) Optobear Quote Link to comment Share on other sites More sharing options...
laurejon Posted March 11, 2008 Share Posted March 11, 2008 Laurejon,Not sure 5.5% is going to look particularly cheap soon, also from similar experience with C&G a couple of years ago, you may need to actually get a cheque to them for the booking fee and details of the house. I think most of those mortgage offers with expiry dates in the future don't guarantee the funds at any particular rate (and, although I've not checked paperwork, I suspect they can pull them anyway at anytime.) Optobear I am a triple A AAA, at first I thought it was an insult and I looked like a dry cell battery, but apparantly it means I am a good bet with a mortgage. The Mortgage is fixed, and available as it was the product of a previous aborted purchase, a purchase that I think I may well revisit with a further 10k drop in addition to the 10k I knocked off the asking price, and the 10k they offered to drop when I pulled the contract. Its for investment purposes, I seem to be p1ssing my money up the wall, its great fun for a while doing whatever, spending on anything you want without thinking about it, but its high time I looked to the future. Quote Link to comment Share on other sites More sharing options...
dellboy Posted March 11, 2008 Author Share Posted March 11, 2008 I have an mortgage offer from them that expires on 28th April, 5.5% fixed for ten years.Might have to take advantage of the cheap dosh and find somewhere quick. I suspect that it's too late - sorry. An mortgage offer is only firm when there is a property associated. Check with them if they'll honour it - and let us know. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted March 11, 2008 Share Posted March 11, 2008 I suspect that it's too late - sorry. An mortgage offer is only firm when there is a property associated. Check with them if they'll honour it - and let us know. Have you had any news about the new rates yet? Quote Link to comment Share on other sites More sharing options...
bobthe~ Posted March 11, 2008 Share Posted March 11, 2008 Have you had any news about the new rates yet? Back in last summer, our 10 yr fixed mortgage offer was good for 6 months when our purchase fell through. That was pre-August though. Quote Link to comment Share on other sites More sharing options...
Dead Spider Posted March 12, 2008 Share Posted March 12, 2008 So did they change their mortgage rates ? Quote Link to comment Share on other sites More sharing options...
cells Posted March 12, 2008 Share Posted March 12, 2008 I have an mortgage offer from them that expires on 28th April, 5.5% fixed for ten years.Might have to take advantage of the cheap dosh and find somewhere quick. capital one have a 5.49% fixed for 10 years. upto 90% LTV. £500 fee Quote Link to comment Share on other sites More sharing options...
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