Debate House Prices


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Who's got the cheapest mortgage?

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Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Realy wrote: »
    If you redeemed it, it may still well be open for 6 months after the redemption date.
    18 months ago.
    And I won't be needing a mortgage next time.
    HPI = STR = cash buyer.

    :)
  • Realy
    Realy Posts: 1,017 Forumite
    ad9898 wrote: »
    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.

    There could be 2M+ people on a cheaper rate in a few months time.
    I could be tomorrow.
  • Realy
    Realy Posts: 1,017 Forumite
    PasturesNew wrote: »
    18 months ago.
    And I won't be needing a mortgage next time.
    HPI = STR = cash buyer.

    :)

    You hope.;)
    I would say you need £140K -£150K after expenses for the average house.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Realy wrote: »
    You hope.;)
    I would say you need £140K -£150K after expenses for the average house.
    Yep. Not a problem.
    That's actually about what I intend to spend.

    But I want a smaller house than average, in a slightly better location.
  • space_rider
    space_rider Posts: 1,741 Forumite
    I have a tracker that is .25 below the base rate. Shame it finishes 8th of December 08. I then have a tracker of 1.09 above base rate.
  • wolvoman
    wolvoman Posts: 1,179 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Can't believe how lucky I am with mine.

    0.3% below BoE rate until Oct 2010 AND it's an offset mortgage. Even after the special rate expires it only reverts to 0.61% above bank base rates.

    Tomorrow my mortgage might go below £1,000 for a loan of over £1/4m which is quite something.
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    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 have this one too. Do you know it has no collar/ floor which means it can go all the way down to 0.39%
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    MrDT wrote: »
    Sounds great :)

    Do the woolwich (or any for that matter?) trackers have redemption fees if you settle early or want to switch to a fixed rate deal sometime in the future?

    No - you can switch to a fixed rate for free...
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Sell those bank shares.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    cogito wrote: »
    £275 redemption fee. Not too bad.

    Mine is free?:confused:
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