Who's got the cheapest mortgage?

PasturesNew

If I still had mine, it'd be at: BBBR + 1.39%, currently 5.89%
Mine was an open plan/offset mortgage because I needed the flexibility as my work was start/stop.

ad9898_3

hethmar wrote: »

After seeing the mortgage rate rise to over 15% in the last recession, I always stuck to fixed rates after that - may have paid over the odds some years but didnt lay awake worrying what the BOE was doing.

The thing is, it doesn't matter what the BoE do now, the banks are rebalancing their books, just scraps will be passed on if anything at all, I know, I know for the people on BoE trackers its a good thing, I wouldn't think they even make up a significant minority though.

In fact its the governments ultimate stealth tax, the nationalised banks now will 'gap' a bit more tomorrow when the BoE drop rates, filling the government coffers by the back door, got to give it to Brown, genius........... well maybe not, if you have more than 1 brain cell and could see this coming.

Realy

PasturesNew wrote: »

If I still had mine, it'd be at: BBBR + 1.39%, currently 5.89%
Mine was an open plan/offset mortgage because I needed the flexibility as my work was start/stop.

If you redeemed it, it may still well be open for 6 months after the redemption date.

neverdespairgirl

My parents are on a 10 year fix for about 4.5%

StevieJ

neverdespairgirl wrote: »

My parents are on a 10 year fix for about 4.5%

Could look very expensive soon.

Realy

ad9898 wrote: »

The thing is, it doesn't matter what the BoE do now, the banks are rebalancing their books, just scraps will be passed on if anything at all, I know, I know for the people on BoE trackers its a good thing, I wouldn't think they even make up a significant minority though.
.

I think over 2 million 1/5th of all mortgages.

Realy

neverdespairgirl wrote: »

My parents are on a 10 year fix for about 4.5%

When did they take that out 2002 ish?

IveSeenTheLight

cogito wrote: »

Could it be me? A Woolwich lifetime tracker which I took out last year. No fees and just 0.39% over base.

As I've usually managed to get my timing wrong in the past, I'm feeling pretty chuffed at the moment (and probably even more chuffed after tomorrow's rate cut).

Sorry.

I've got one BoE tracker at +0.26, so currently paying 4.76%.
Another mortgage I have fixed at 5.5%

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StevieJ wrote: »

Could look very expensive soon.

Are you serious Steve, I think a 10 year fix at 4.5% will not be seen for a very very long time. Banks are going to 'gap' tomorrow, in fact most have already started doing it, then add on those arrangement fees, which is the most expensive 'shuffling of paper' I've ever seen.

Heyman_2

Think I saw someone on here who had + 0.23%, and one of the Mortgage Advisers (Gorgeous George maybe??) was saying he recalled going as low as +0.18%.

Me? I managed to get HSBC's +0.79% a couple of months ago before they pulled the ladder up!