What to do I'm coming off Fixed rate

Gorgeous_George

No-one seems to have a crystal ball but are still able to offer advice without knowing anything about your situation.

Job security, relationship security, income, No of children, house value, mortgage size, age, health, likely inheritances - so many questions that need to be answered before advice that is worth listening to can be given.

Fixed rates are the obvious choice. Base rates can not go much lower (than 1%) but there is loads of room for them to move higher

GG

pigpen

Having looked into similar (our 5.39% fixed rate ends in July next year so we are watching the trend) NORMALLY what happens (ie last time the media hyped us into a 'depression') is the fixed rate offers are withdrawn or have the rates really high.. so when the overall rates shift the lenders are raking it in.

We are waiting until the fixed rate offers are really low again and leaving it on a standard variable until we find something realistic.

Personally I don't think it makes that much difference once you've got a house and are not in debt to the last penny you have a bit of leeway and should be able to manage.

Beyond the next couple of years if you took out another fixed rate now it would all straighten up once that term was reached.. all in all you pay back 2-2.5 times what you borrowed in the first place so we are ripped off grandly whatever we do!

reset_2

cheers peeps,

well I'm living with partner, no kids, 85% LTV left and am in a very secure job of 4 years.

I dont think the rates will come down, and RBS aint givin us the full cuts anyway. :mad:

Does anyone think the rate could go up by 2% (to 3%) in 2009, cus if not that kinda keeps my he3ad above water and hopefully better product will be out by then as the fixed rate dont look to great at present.

lol to the crystal ball posts.

beecher

85% LTV is getting a bit high for my liking - I'd be worried that it could go over 90% LTV and you won't be able to remortgage anywhere, regardess of how rates are. Can you overpay by enough to keep the LTV down?

reset_2

£6500 is 5% of my mortgage, i'm looking at over paying £200 a month over the next 12, plus paying any bonus or overtime i can get over the next 12 months also.

LULULU1

Hello,

Can somebody let me know the best tracker on the market at the moment.

Property value £170000 Mortagasge required £75000. Excellient credit.

Many thanks

Peelerfart

LULULU1 wrote: »

Hello,

Can somebody let me know the best tracker on the market at the moment.

Property value £170000 Mortagasge required £75000. Excellient credit.

Many thanks

Might be better to try a new thread instead of hijacking someone else's

LULULU1

Sorry my mistake completely I thought I had started a new thread.