Lenders continue to reduce rates!!

depurnell

The Halifax and Abbey are making further reductions to their Fixed Rates this week!!

Caution - this continual reduction cannot continue indefinitely...

misscharlie

Any ideas if the the 3 or 5 yr fixed ltv up to 90 is going to come down again? TIA

Locoblade

As mentioned in a seperate thread, First Direct have also reduced their 5 and 10 year fixed rate (offset) mortgages down to 5.95% today, and they've introduced a lifetime tracker at +0.99% with no fees

manikm

misscharlie wrote: »

Any ideas if the the 3 or 5 yr fixed ltv up to 90 is going to come down again? TIA

its always difficult to tell if they include valuation and legal costs...

i know Nationwides includes them - 5yr fixed at 6.38

but its not always clear - ybs.co.uk are cheaper at 5.09 but dont include legals etc.

its not always clear on the lenders websites the hidden costs...

if there is a cheaper offer than Nationwide on 90% LTV 5 yr fixed at 6.38 inc legals and val - pls let me know.

do u think rates will come down more before 1st Oct (when my current deal ends)

beecher

I notice that for existing borrowers with the Halifax, the mortgage needs to transfer by 31 January. My rate ends on 31 December - does this mean I can go onto the new 3 year fixed rate now, rather than waiting?

emmaBZ

can any body tell me where this information came from regarding Halifax ...been searching around but cant find anything....i after there 5 yr fixed which has come down from 6.69% to 6.59% over the past week are they reducing them again ???

edit to add...just looked online its now 6.49% was 6.59% yesterday when i called them !!

Toughluck

Abbey ones coming down by 0.25% on 2, 3 and 5 year deals and their intermediary specials are coming down as well.

misscharlie

emmaBZ wrote: »

can any body tell me where this information came from regarding Halifax ...been searching around but cant find anything....i after there 5 yr fixed which has come down from 6.69% to 6.59% over the past week are they reducing them again ???

edit to add...just looked online its now 6.49% was 6.59% yesterday when i called them !!

Isn't the 5 year fixed at 6.29% ? this changed on monday as I changed the rate with my mortgage advisor on Tuesday?

minimike2

Halifax have only reduced rates on thier deals for existing customers who are coming to the end of a current deal.

I notice that the OP STILL has not added the MA signiture to his account despite being asked a dozen times by a handfull of different users. :mad:

meester

Any 95% or 100% mortgages out there?

Nope?

Not going to make any difference.....

lisyloo

Not going to make any difference.....

with respect to what?

It makes a difference to those of us that don't need 95% or 100% mortgages.
Those people will be slightly better off and this could have a knock on efffect for the rest of the economy.

For people who need high LTV mortgage, then I agree, it makes no difference to them and as these are the people who may be forced to sell and set house prices (thorough actual sales) then it won't help house prices.

However it will help a number of families who are hard-pressed at the moment and it might help them afford holidays etc. so in that sense it will help the economy as a whole.