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CBS Offering BTL fixed at 3.99 for 5 Years
Comments
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pickles110564 wrote: »I am tempted to fix but the gambler inside me thinks that if they cut another 1.5% like !!!!!!? has been saying I rekon they might have to offer a fix even lower than this.
If then that did happen I could pass on some of the saving to my tenants.
IMO rates will go to zero or at least 1% by the end of next year. But in a few years time they will have to rocket as all the inflationary stimulus hits home.
However, a fee-free fix of 4% for 5 years represents phenomenal value IMO. But probably better deals to be had in the next 6-12 months. If you went to SVR you'd presumably have to pay an 'arrangement fee' to get a fix after that though.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Just remember that is you let out any property they tennant knows you home address.
That is all I'm going to say.
More to the point I know his.'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 Thatcher0 -
pickles110564 wrote: »I am tempted to fix but the gambler inside me thinks that if they cut another 1.5% like !!!!!!? has been saying I rekon they might have to offer a fix even lower than this.
If then that did happen I could pass on some of the saving to my tenants.
I know you are winding !!!!!! up now, he won't see it though.'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 Thatcher0 -
I'd swap my lifetime BTL tracker (+0.89%) for a 4% LIFETIME deal.
I don't think that I'd consider swapping my residential lifetime offset tracker (+.74%).
GGThere are 10 types of people in this world. Those who understand binary and those that don't.0 -
IMO rates will go to zero or at least 1% by the end of next year. But in a few years time they will have to rocket as all the inflationary stimulus hits home.
However, a fee-free fix of 4% for 5 years represents phenomenal value IMO. But probably better deals to be had in the next 6-12 months. If you went to SVR you'd presumably have to pay an 'arrangement fee' to get a fix after that though.
Oh I remember the days when I said to you that interest rates would be 3% soon and you wouldn't have any of it.'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 Thatcher0 -
Two questions.
1) what is the LTV?
2) is this another 'dixon fantom pricing' product. ie doesnt exist0 -
pickles110564 wrote: »Just recv a letter from CBS that quote says ' due to the recent BOE base rate reduction means that the .075%base rate tracker that your BTL would mature on Jan 1st 2009 would be 3.75%.
The BR is now the lowest since 1955 which means your base rate tracker gives you a great deal and your mortgage rate will follow any further cuts without any FLOOR on the product meaning that your monthly payment could reduce still further.
It goes on to say that I could fix at 3.99% for 5 years and they will not charge me a fee to transfer over.
Are they starting to get worried over how low the rates are likely to go?
Do you think I should snap their hands off and accept the fix and know what I will be paying for the next 5 years?
As usual I await your comments
Rgds
Pickles
Pure bull$hit! Pity the bulls(hitters) fell for it!0 -
IMO rates will go to zero or at least 1% by the end of next year. But in a few years time they will have to rocket as all the inflationary stimulus hits home.
However, a fee-free fix of 4% for 5 years represents phenomenal value IMO. But probably better deals to be had in the next 6-12 months. If you went to SVR you'd presumably have to pay an 'arrangement fee' to get a fix after that though.
!!!!!!, it's a wind up!0 -
!!!!!!, it's a wind up!
Maybe - but this forum should be about discussing buying and selling houses so I'm going to treat any post about such as being genuine on the face of it.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
'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 Thatcher0
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