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

sandspider2000

Further edit - I see no monthly fee applies to the PD account. Looks like I have the wrong one!

Forever_Red

If you have a Premier direct current account - you get 5.00% (variable) AER on balances up to £2500 for 12 months, reverting to 1.00%. Is that interest of £125? (which is taxable as well)

If you open a Premier current account using their Switching service you get interest of 0.5% AER but they pay you £100 to open the account. Plus the multi-trip European taravel insurance worth £60.

I'll probably open a Premier current account as I wouldn't have £2500 staying in the account.

Anyone know when the £100 offer is ending - it just says "must end soon".

Alan

sandspider2000

You only get the £100 if you transfer all existing direct debits etc. to the new current account, i.e. if you make the Premier account your main bank account.

or8it

sandspider2000 wrote: »

You only get the £100 if you transfer all existing direct debits etc. to the new current account, i.e. if you make the Premier account your main bank account.

No that is not correct.

You only have to transfer One direct debit to qualify for the £100. I spent Monday afternoon in the A&L and went through all the details with a fine tooth comb! Ended up opening a Premier Direct Account.

sandspider2000

Really? They told me on the phone I had to transfer all of them. Oh well!

cbrpaul

Ive decided to wait a few more months , before jumping on the 5 year fixes !!!

Whether it was the right move or not , only time will tell !!

Either that or i get a divorce !!

damianmkv_2

I really want to sort my fix out...still waiting for HSBC to respond to the BR cute of 3 weeks ago but if nothing happens in the next week, I'm just gonna go for the 3.99%. I can't stand all the uncertainty - need to gt my ducks in a row

Dithering_Dad

This is a great thread, I hope it keeps going with people posting decent fixed rate deals they may find.

I'm currently on a discounted SVR rate and can't get out of it for a further 12 months. I'm convinced that we will move into a period where we have double digit interest rates, just like in the 80s. I'm just unsure of when this will happen and I'm praying that we'll have low interest rates until my current mortgage ends and I can get a cheap fixed rate.

space_rider

Dithering_Dad wrote: »

This is a great thread, I hope it keeps going with people posting decent fixed rate deals they may find.

I'm currently on a discounted SVR rate and can't get out of it for a further 12 months. I'm convinced that we will move into a period where we have double digit interest rates, just like in the 80s. I'm just unsure of when this will happen and I'm praying that we'll have low interest rates until my current mortgage ends and I can get a cheap fixed rate.

I hope you`re wrong! It was a nightmare.

Dithering_Dad

space_rider wrote: »

I hope you`re wrong! It was a nightmare.

I know, I remember how hellish it was for my parents. They had a 15% mortgage rate, and that was back when mortgages were reasonable, not around the £100k+ mark. Still, I believe that if people hope for the best and prepare for the worst, they should be relatively safe. Getting a fixed rate will be 'preparing for the worst'. Imagine having a £100k mortgage and 15% interest rates - a £15k per year mortgage repayment (interest only) or £1250 per month. Nightmare! :eek:

I just see the CPI figure increasing and the BoE focussing on the RPI figure to help people with mortgages - which is fine short-term (as long as you're a home owner :rolleyes:), but a disaster for everyone if they allow CPI to get out of control. Everyone except those who have a long-term fixed rate mortgage will suffer. 'Fixers' will benefit from low monthly mortgage payments and high interest returns from their savings. I just hope I'm one of them.