Rates to hit 2% next year.

chucky

IveSeenTheLight wrote: »

10 years at 4.99% is bloody good.
The nearest I can see at the moment is 5 years at 4.99%
http://www.hsbc.co.uk/1/2/personal/mortgages/remortgage/fixed-rate;jsessionid=0000Wxm0g1U4wtVLZG5FiV1JKT5:12ntf1tru

it is a very good rate - i got 4.69% on a 5 year fixed in Feb.

i thought that fixes were now up and around 6% or 7% from hearing about all the complaing from the moaners on here. it must have been mewbie making things up again to get attention :rolleyes:

there are some good rates out there if you have a decent credit record and a good LTV

the_ash_and_the_oak

Those are remortage deals tho?

Were the moaners not talking about new mortgages (I actually have no idea if they were! But that is what I would have meant). Point of comparison HSBCs front page has those at 5.99 and fixed for 2 years

agree on the LTV factor (but surely good LTV is always going to stand you in good stead no matter what?)

mark55man

true - mine was a remortgage, with (as I said) about 15% new money to cover building work for extra space.

chucky

the_ash_and_the_oak wrote: »

Those are remortage deals tho?

no - it was a purchase. not a remortgage.

the_ash_and_the_oak wrote: »

Were the moaners not talking about new mortgages (I actually have no idea if they were! But that is what I would have meant). Point of comparison HSBCs front page has those at 5.99 and fixed for 2 years)

it was a new purchase - i haven't checked for months obviously.
they're expecting fixed rate mortgages at base rates or libor - they have very little if not anything to do with it. that's what the moaners complain about.

you have to look at GBP swap rates or the savings rates on offer by those lenders to see why they can't be that low.

the_ash_and_the_oak wrote: »

agree on the LTV factor (but surely good LTV is always going to stand you in good stead no matter what?)

which goes back to the question - what is the right LTV amount to buy with if your going to be paying a high mortgage rate. it makes no sense to buy until you have a decent LTV imo.

the_ash_and_the_oak

chucky wrote: »

no - it was a purchase. not a remortgage.

was referring to ISTLs link mainly - but still - good work on the 4.69

it was a new purchase - i haven't checked for months obviously.
they're expecting fixed rate mortgages at base rates or libor - they have very little if not anything to do with it. that's what the moaners complain about.

fair enough didnt realize they were wanting loans to be that low. dread to think how expensive prices would be if you could get loans at 0.5%!





which goes back to the question - what is the right LTV amount to buy with if your going to be paying a high mortgage rate. it makes no sense to buy until you have a decent LTV imo.

difficult to disagree here!

HAMISH_MCTAVISH

Rates to hit 2% next year

I'm strangely underwhelmed.:rolleyes:

IveSeenTheLight

the_ash_and_the_oak wrote: »

Those are remortage deals tho?

Were the moaners not talking about new mortgages (I actually have no idea if they were! But that is what I would have meant). Point of comparison HSBCs front page has those at 5.99 and fixed for 2 years

agree on the LTV factor (but surely good LTV is always going to stand you in good stead no matter what?)

Just checked again and it looks like the deals are getting better.
You can get a 5 year fix from 4.95% now (includes FTBers, Buying a HOme, remortgaging, existing customers etc)

http://www.hsbc.co.uk/1/2/personal/mortgages/buying-home/fixed-rate;jsessionid=0000SxW-MzJkdxmO53mGKRbnHi7:11j5bgs6c

StevieJ

the_ash_and_the_oak wrote: »

not totally convinced by this. don't remember salivating about that personally

pretty sure you can read deflation vs inflation arguments going back a lot further than that imo.

http://globaleconomicanalysis.blogspot.com/2005/04/deflation-is-in-cards.html

esp this guy imo

I don't really care if you are convinced or not, it happened.
BTW I was referring to deflation/inflation discussions on this board not in the dusty corridors of the LSE.

mewbie_2

Here's some 'facts' for you.

0.5% now
2% eo 2010.
Quadrupling.

the_ash_and_the_oak

StevieJ wrote: »

I don't really care if you are convinced or not, it happened.
BTW I was referring to deflation/inflation discussions on this board not in the dusty corridors of the LSE.

oh, on mse! wasnt here then imo. no idea what anyone here said or how much salivation was occuring. reasonably sure my own mouth was dry around that time tho

don't really take mse seriously tho tbf (agree that you would expect debates to occur here later than elsewhere)

not convinced the corridors in LSE are dusty but could be wrong on that