What rates are you on?

Thrugelmir

GregDixon wrote: »

Seems I have had a bit of bad luck mixed with some poor mortgage advice compared to the rates already posted! Oh well.

Was pot luck not bad advice as to what rate people are now paying. No one foresaw the global financial crisis.

davenottingham

I haven't seen anyone who has been on a worse rate than me for the past 5 years. 6.45% with ERC of approx £2700.
Probably the worst decision I made at the time.

eschaton

I'm on BR + 0.99% until end of term so currently paying 1.49%.

There was a 4% collar but that ended 18 months ago.

No point in overpaying.

princessdon

Just came out of 5.99 7 year deal

Hindsight oh hindsight eh?

Worse still I never thought to pay it off - keeping savings in low rate accounts

Eejit of the year award (or the last 7 as the case may be) goes to moi (embarrassed smilie)

natman

Hi,

My mortgage is made up of two parts -
Part 1 - I owe approx 22k and this is base rate tracker plus 0.75%, so paying 1.25% on this amount.

I moved house and was able to port the above product, but Britannia Building society would not allow me to add further funds..........

Part 2, I owe around 65k and this is a 5 year fix of 3.5%.

In theory I have the best of both worlds, a low rate tracker , where i can over pay at any time, so if rates go up, I can look at overpayments.
A fix rate on the bulk of the loan that will remain constant for 5 years!

My monthly payments are £435

jojo1964

Base rate +0.19. lifetime tracker, pure luck and i feel very fortunate, not in the position to overpay yet but hoping for low rates for a few years more to allow overpayments as my circumstances improve.

katejo

I was fortunate to get some good advice from a mortgage advisor just before the base rate crashed. I have a lifetime base rate tracker repayment mortgage of +0.27 so I am currently paying 0.77% Such deals are just not available now. I did overpayments until last November and then started putting the excess away to get my kitchen refurbished.
I am just hoping that if I do move again in the future, Barclays will not go back on their word and I will be able to transfer this tracker to any new property which I might buy (assuming the rates don't shoot too far upwards in the near future).

Radionotme

They shouldn't go back on their word, however any extra mortgage you might need for a more expensive house would be subject to a new rate.
I've got two, one at 5.48 and one at 5.98. The lower one moves to the Nationwide BMR (2.5%) in July, and the other moves to it in October. Both interest only, but I've overpaid around £16,500 into them. Hoping to overpay a lot more (or potentially find betteer savings accounts) once the rates drop and my payments fall.

Radionotme

jojo1964 wrote: »

Base rate +0.19. lifetime tracker, pure luck and i feel very fortunate, not in the position to overpay yet but hoping for low rates for a few years more to allow overpayments as my circumstances improve.

Yikes, 0.69% and you can't afford to overpay, circumstances must be tough. Hope things improve for you, as it sounds like even a small interest rate change could have a severe effect on you.

lisyloo

I'm on BOE+0.49% = 0.99%.
I have enough savings/investments to pay almost all of it off, but prefer to keep the money in ISAs and NS&I index linked certificates earning more.
I reckon I'm making at least £4K per annum on the "stooze" by not paying off the debt.

No a snowballs chance that the mortgage advisor will be able to bet yours. All the great deals are historical. In fact I think it's a bit mean to waste their time/petrol unless you have any genuine requirements.