What would be a good fixed rate now???

marshallka

We are coming to the end of our discounted rate next month with IF and from what I know they are passing on the 1.5 drop. I wondered if anyone could say what a good fixed rate would be now.. Are they likely to offer anything fixed at around 4.5 to 4.8 or am i being optimistic here....

feisty1

Did u not post this yesterday Fixed Rate Mortgages (4.89%)

marshallka

feisty1 wrote: »

Did u not post this yesterday Fixed Rate Mortgages (4.89%)

Yeah but I am stuck with IF really for various reasons and wondered if they would offer something similar do you think... .

feisty1

well! is the obvious thing not to ask them? this is a general discssion forum made up of people from all walks of life, how is someone meant to know the in's & out's of yr mortgage other than you & IF........The fact you say yr stuck with IF when yr coming out of yr deal means this is not straight forward, go & get it from the horse's mouth

marshallka

feisty1 wrote: »

well! is the obvious thing not to ask them? this is a general discssion forum made up of people from all walks of life, how is someone meant to know the in's & out's of yr mortgage other than you & IF........The fact you say yr stuck with IF when yr coming out of yr deal means this is not straight forward, go & get it from the horse's mouth

. I wanted opinions here and what was likely to be a good fixed rate if the SVR is 5%. I, like a lot of people on here are not that "up" on mortgages and struggling like most. Why do you not tell everyone that is asking questions (which i thought was what this forum was about!!!:rolleyes: ) to ask from the horses mouth. I don't want anyone to know the ins and outs of my mortgage but only wanted to know what someone would now regards as an OK fixed deal when they actually offer one to me (if they do) as you usually have to say "yes" there and then with these people. I found that out by asking about trackers 3 weeks ago and did not sign and now it has gone.

I wanted to know if most follow suit to the ones I posted at 4.89%.

moneysaver

The OP was looking for a straight forward answer, no one has gave her it yet.

By the way feisty1 your answer was a bit harsh.

Antispam

Perhaps feisty1 can get his crystal ball out and tell us what rates will be like in the short term future

marshallka

moneysaver wrote: »

The OP was looking for a straight forward answer, no one has gave her it yet.

By the way feisty1 your answer was a bit harsh.

It was opinions really I was after, i realise no-one can give straight answers but opinions would be great...;)

feesh

we spoke to a london and country advisor today (sorry, caps aren't working properly on my keyboard) and he said he was expecting to see some new products come onto market next week with rates around 4.5% on 2, 3 or 5 year fixes

stiffnuts

marshallka wrote: »

We are coming to the end of our discounted rate next month with IF and from what I know they are passing on the 1.5 drop. I wondered if anyone could say what a good fixed rate would be now.. Are they likely to offer anything fixed at around 4.5 to 4.8 or am i being optimistic here....

I finished my deal a while back. Am on their SVR which will be 5.0 on dec 1st. I did a mortgae review the other day and was offered the following with a £999 fee

boe base rate + 1.80 till feb 12
boe base rate + 1.70till feb 14
5.68 fixed till feb 14 - no payment breaks and no offsetting

all with 3% penalty if you want out before special period is up

Taking everything into account including the new drop to 5.0% for svr the fee I would have to pay and the possible tie in and penalty fee and the possible loss of offsetting I will stay on the SVR of 5.0% and will consider my options at a later date.

You can always ring up IF and tell them you have seen a better rate and ask what rates they have at present (mortgage review)

feisty1

moneysaver wrote: »

The OP was looking for a straight forward answer, no one has gave her it yet.

By the way feisty1 your answer was a bit harsh.

This question was specific to IF, could you answer it..........NO could I NO......cold anybody except IF....later on they say they have some reson why they cant move, (i dont expect them to disclose it on here) BUT who could answer the question IF, what is the point of posting on here asking answers to specific questions?? other than hoping they'd hear what they wanted to hear...I first came on here because of the rubbish my clients had been telling me they had been reading on here .......that is one of the reasons i dip in & out......as some vulnerable people take opinions on here as advice! which is v v dangerous..........i stand by my reply......100%..