enjoying the very low mortgage rate at the moment

Ladybird20

I cant believe how low my mortgage repayments are now on all of my properties.I am however going to save that money and repay some of my mortgage with the amount generated and saved. I was wandering how long we can expect us to be enjoying this low interest???probably answering my own question, when the economy recovers!!!!is other people doing the same as me,,gathering the money you have saved to pay off mortgages???

Ladybird20

Must be a boring thread no one replied .......LOL

KKevin_2

I think most people are enjoying it, however it can be the calm before the storm!

Best bet is use the money to try and pay off loans, mortgages etc or put it away for a rainy day as they do happen!

Wickedkitten

I'm guessing by the fact you have properties that you are BTL.

Can you overpay on a BTL mortgage?

poppy10_2

Why not use the money you are saving as a deposit on another property?

hamblettamaud

i think the reason no one replied is because buying-to-let is just one of the reasons lots of people cannot afford to buy a property. people who BTL drive the prices of houses up, putting them out of the reach of many first-time buyers. therefore many people here may not care if a person who owns a lot of properties manages to save money in these times. i, for one, long for the day that buying-to-let bcomes unsustainable and BLTers are forced to sell their properties.

that's just my point of view anyway. others will disagree.

Ladybird20

Yes i do have BTLs done it for 10 years now.....i did them initially to invest money and get a good return,,,dont forget though i am putting rooves over peoples heads that couldnt afford the property otherwise, but my point was -what was people doing with the money that they are saving whilst the intrest rate is low.. i for one will not be flittering it away....

socrates

hamblettamaud wrote: »

i think the reason no one replied is because buying-to-let is just one of the reasons lots of people cannot afford to buy a property. people who BTL drive the prices of houses up, putting them out of the reach of many first-time buyers. therefore many people here may not care if a person who owns a lot of properties manages to save money in these times. i, for one, long for the day that buying-to-let bcomes unsustainable and BLTers are forced to sell their properties.

that's just my point of view anyway. others will disagree.

So it was nothing to do with irresponsible lending by the banks - literally forcing money on people who could never afford the payments, dodgy mortgages, over valuations by fraudulent surveyors, bent solicitors, property developers sweeteners.

No - it was BTL LL's - get real!

confused31_2

socrates wrote: »

So it was nothing to do with irresponsible lending by the banks - literally forcing money on people who could never afford the payments, dodgy mortgages, over valuations by fraudulent surveyors, bent solicitors, property developers sweeteners.

No - it was BTL LL's - get real!

no you get real your a idiot!!!!!!!!!!!!!!;)

franklee

Ladybird20 wrote: »

Yes i do have BTLs done it for 10 years now.....i did them initially to invest money and get a good return,,,dont forget though i am putting rooves over peoples heads that couldnt afford the property otherwise, but my point was -what was people doing with the money that they are saving whilst the intrest rate is low.. i for one will not be flittering it away....

I think Gordon wants you out on the high street spending it to save other people's jobs

socrates

confused31 wrote: »

no you get real your a idiot!!!!!!!!!!!!!!;)

You follow me around or what?

What you know about buying, selling or renting houses can be written on the back of a postage stamp with a magic marker and still have room for your P45!