Saturday, June 21, 2008

2 year fixed rates up to 6.99%

End of the cheap fixed mortgage ...

... Halifax is last of big four lenders to hit homeowners with punishing rate rises

Posted by mark wadsworth @ 02:19 PM (751 views)
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4 thoughts on “2 year fixed rates up to 6.99%

  • It’s not quite the end of the cheap fixed rate mortgage just yet. The HSBC is matching or even bettering some existing deals that are about to expire. Somebody that I know just transferred their 250K mortgage over to them having acquired a very competitive match on their cheap fixed rate mortgage taken out 2 years ago. The new HSBC deal adds just an extra £150 a month, so very little change there.

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  • Fingerbob69 says:

    Adds ”just an extra £150 a month”!!?? That would cripple most borrowers. Furthermore, the HSBC requires a high level equity in the property (atleast 25% but don’t quote me) and a pristine payment/credit history. They’re getting brownie points but they are no white knights.

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  • bidin'matime says:

    But seeing this headline in big print on the front page at the newstand was the main thing – Joe Public is at last being n

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  • it_is_going_with_a_bang says:

    Just £150???

    Along with a near doubling of fuel costs not to mention everything else.

    It’s another nail in the coffin.

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