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Mortgage Joy to last 3 years.... No rise til 2014?
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Oh well doesn't look as if the tracker rates are going to fall then!! Wonder if the fixed rates are going to keep falling?0
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The best thing I ever did was to change to that life long tracker. I've saved thousands.We love Sarah O Grady0
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Looks like even I might see some of these low rates at this rate, which that I don't think they will be 0.5% for 3 years.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Looks like even I might see some of these low rates at this rate, which that I don't think they will be 0.5% for 3 years.
The main beneficiaries are pre-crunch buyers on the good deals that are no longer available.
The current level of bank profiteering means new entrants see little of the benefits.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
im looking to move when it all settles down, currently on a lifetime +.44 tracker and instead of paying down the mortgage im saving it so i can put it towards a bigger property. Better to save than have to borrow more as the rate im on will never be available again. Already saved £30K hope rates stay low for a couple of more years and prices keep falling. I have more than 50% equity so prices falling are a good thing3.64KW system, aurora power one inverter, South west facing with no shading in Lancashire.0
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Nicked from sibleys favourite forum
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Doire.
Can you read? Do you understand prices will not drop now?We love Sarah O Grady0 -
HAMISH_MCTAVISH wrote: »The main beneficiaries are pre-crunch buyers on the good deals that are no longer available.
The current level of bank profiteering means new entrants see little of the benefits.
I agree but there is signs that the profiteering is dropping slightly so I have a good chance of getting a reasonable fix for a while.
Either way the drop in how much I have to pay will help balance off a few years of slightly higher interest rates.
As I say I am not waiting to buy as a speculator I just want a home.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120
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