Is 3.99% 5 year fix the lowest it will go ??

damianmkv_2

have sent my signed deed of variation back today ! hopefully got in at the right time with A&L !

cbrpaul

i am surprised the low fix deals are already dissapearing , but then reading the news today , house prices are on the rise !!!


Ive just been accepted by A+L today , valution completed , offer sent out today , phew !!!!!!!! nearly there !!!

I hope it shows the 5 year fix deal this time :rotfl:

damianmkv_2

I'm already with the A&L so i guess apart from the deed of variation as above, I have nothing to do ? Their offer only stated that I need sign the DoV..

sorry - panicing and looking for a " it'll be alright " post !

cbrpaul

i notice all the worlds stock market index has also risen a fair few points today !!!

cbrpaul

i wouldnt be surprised to see a small rise in interest rates this month also !!!

damianmkv_2

I suppose its a good way of getting things going..mortgage applications up 19%, low rates, rumours of banks increasing their rates encourages people to push through applications they might be " umming and arring" about, which stimulates the housing market...

Just gotta sort jobs out next !

baggies666

l would be in tears I have not fixed as yet myself , I have to wait a few more months to tie in with end of tracker deal.

cbrpaul wrote: »

i wouldnt be surprised to see a small rise in interest rates this month also !!!

bazzab

Just been on the phone to HSBC this afternoon. The mortgage advisor did indeed say the 3.99% 5 year fix was ending....you have up until end of business tomorrow to get on this one. Even with fees of £999, it's a lot better than Natwest's 5 years fix @ 4.69% (fees only £299) for example.

I've got the advisor ringing back tomorrow to confirm the application after I've had chance to talk to the missus....

handful

IMHO there were a few signs of 'green shoots' with house prices jumping, sales rising, CPI rising, G20 looming etc and this has made the banks jittery. I believe we are still some way from the recession bottoming and IR will remain low for a while longer, particularly whilst Quantitative Easing is still in full flow. I have an option of a fee free 3.99% 5 year fix and am not tempted just yet......but I could be very very wrong. :eek:

diable

bazzab wrote: »

Just been on the phone to HSBC this afternoon. The mortgage advisor did indeed say the 3.99% 5 year fix was ending....you have up until end of business tomorrow to get on this one. Even with fees of £999, it's a lot better than Natwest's 5 years fix @ 4.69% (fees only £299) for example.

I've got the advisor ringing back tomorrow to confirm the application after I've had chance to talk to the missus....

I just spoke to the HSBC and they offered me £80k I have a small amount of cc debt and a LTV of about 30% A month ago when I checked the web I had an offer of £117k so they must have changed the way they are calculating risk now. Ho hum lets see which way it's going to go as I am still looking for a decent (under 4%) fixed for 5 years. Looks like tha one has got away from me, so if anyone is happy with what they are being offered then go for it as it might not be around for long.