im going to play it safe with First direct fixed @ 6.19

curlyboy

After much debating reading a lot of information and threads
( some are total bullsh!t and bollox )

Ive swung towards security and playing it safe with First directs 6.19% for 10 years ( off set mortgage ) £98,000 over 25 years fee - £798

My personal opionion is this country and econonmy is a bloody mess going back years with low rates and rocketinghouse prices and lenders handing out money leftright and centre.

Its allcaught up now builders getting laid off ,fuel,foodeverything is rising ( except our wages ) im not going to go with a tracker personally its to risky I things rates will rise to 5.50 by the end of the year andprobarly decrease then and level out. its all doom and gloom seen as im coming of a fixed of 4.39 % from 2003,,if i only new..

im gonna sit tight pay my montly fixed rate and wait a few years prices will rise again on property eventually in the years to come as they spiralled out of control anyway they need to level out ....our government eally doesnt have a clue get boris in charge he will sort things out ??? LOL

views ????? people ?????

Treadmill

Boris is a knob is my first thought... the mortgage seems fine if security is what you are after though

curlyboy

I know Boris is a knob he couldnt do any worse than our present governmtment , yes security is a a big factor for me

essexsi_2

Good choice curlyboy, would go with that myself if they would have me!

All the best Si

Treadmill

curlyboy wrote: »

I know Boris is a knob he couldnt do any worse than our present governmtment , yes security is a a big factor for me

I'd go for it then, and quickly. FD don't give much notice before they pull rates.

And just to clarify, Boris really really is a knob

curlyboy

thanks glad your giving me some positive feedback on hopefully finalizing the 6.19% deal I got till Monday night TO EXCEPT (thats providing the paperwork arrives 2morow or saturday morning ) im really sure things will only get worse before they get better things will level out THOUGH. i feel for people trying to sell up and get a mortgage now tough times ahead

Treadmill

Why monday ? Is the rate changing that soon ?

curlyboy

i have 4 days to make my mind up and the chap said yes rates will be changing I think hes hinting to me there going up ????? and first direct are very competitve have to move fast. and 6.19 with FD is the best around at moment seems as if things are rising yet again only 4 weeks FD were offering 5.99 4 weeks later its 6.19 ( which im ytaking ) who knows whats next

whu

when i took my FD Mortgage out earlier in the year I had 6 working days to decide after i spoke to them - as long as you confirm in that time you will get the rate that you booked originally even if it goes up - BTW i think the various options on the FD offset are very useful
good luck with it

curlyboy

thank you ..........whu appreciate that i found F DIRECT customer service fantastic..all good fella

MKwife

what is different about a FD mortgage please?