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Santander SVR Increase
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dwight-van-man
Posts: 300 Forumite
Just had a letter through from Santander advising their intention to increase their SVR by 0.5% on October 3rd, to 4.74%...
Number 86 - Stole a car from a one legged woman... I'm just trying to be a better person
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Comments
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I suspect its as a result of an increase in funding costs. Not really what you want to hear0
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An increase to funding costs and an increase in the costs of managing their mortgage book is what the letter says...Number 86 - Stole a car from a one legged woman... I'm just trying to be a better person0
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Are you stuck on SVR or can you change to a deal?0
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not really much of an increase, I could not see this having much of an impact on anyone.
but going in the right direction for anyone wanting to see a fall in house prices, which most people do0 -
Its £106 per month more for us! Thanks for wishing us into negative equity Carslet
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I don't know a single homeowner that wants house prices to drop...
@eellogo... stuck on svr until we pay £300 for a survey to see if their indexed valuation figure is wrong.Number 86 - Stole a car from a one legged woman... I'm just trying to be a better person0 -
not really much of an increase, I could not see this having much of an impact on anyone.
but going in the right direction for anyone wanting to see a fall in house prices, which most people do
I suspect those hanging on hoping to for prices to fall have missed the boat in this cycle. Their mortgage repayment (assuming they can get one still in the current lending climate) will be be higher than if they fixed or got one of the tracker mortgages when they were more available and house prices were higher.0 -
dwight-van-man wrote: »Its £106 per month more for us! Thanks for wishing us into negative equity Carslet)
I don't know a single homeowner that wants house prices to drop...
@eellogo... stuck on svr until we pay £300 for a survey to see if their indexed valuation figure is wrong.
sorry Dwight was not meaning anything bad towards you, but there are quite a few homeowners that want prices to fall too, so they can move up the ladder. and then people that have no chance of buying because of stupidly high house prices. BTW i am a homeowner myself who will see my mortgage rise
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Another one here that doesn't want to see house prices fall any further! I think it's going to increase our repayments by about £40 a month and we're stuck as we're in negative equity so the only deals they can offer us are more than paying their SVR.New House... New Mortgage! February 2017: £144,000 :eek:
Current Mortgage Balance: £96,440.99
2017 OP's:£5,935 2018 OP's: £11,956.00 2019 OP's: £11,988 2020 OP's: £1,998
Total Debt[STRIKE] £29,209[/STRIKE] £0 :j:j:j Debt free 6/8/160 -
"I will not let house prices get out of control" :mad: Gordon Brown. this is the mess that he caused0
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dwight-van-man wrote: »@eellogo... stuck on svr until we pay £300 for a survey to see if their indexed valuation figure is wrong.
The banks seem to have people over a barrel, ironic seeing as those same people are taxpayers who helped save them.0
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