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Debate House Prices


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It's all kicking off again

24

Comments

  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    michaels wrote: »
    first direct have a 3 year offset tracker at 2.74 but it is only 3 years and of course I would not be able to get back on the tracker I am on now at the end.

    Offsets are brilliant!

    Totally flexible. Sometimes, a bit like cash ISA's [for your spare savings if any] but with no limit. Mine's a money-spinner at the moment - it was fully offset once, but when the rate reduced to 1½%, it gave me access to £210K+ to draw out and invest at 3.2% Net! Extremely profitable.
  • michaels
    michaels Posts: 29,234 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I have savings to cover 50% of mine that are earning currently average 4.5% instant access (tax free as DW is not working/in isa) and the mortgage rate payable is 1.99 over base. Should I ever see a pay rise again and we continue frugal i hope to have the funds to pay it all off in 5 years (but would probably not do so because of the profit available on the offset.

    With the offset bit base rates don't matter (although tax may become an issue) but with the other bit obviously if rates do rise sharply then it becomes more expensive. The profit from offsetting (and flexibility) mean I don't want to give up offsetting but that leaves me with the 3 year 2.74% First direct fix mentioned above or a 3.79% 5 year fix with Chelsea. The 5 year is expensive and the 3 year there is no certainty that there will be a decent follow on deal :(
    I think....
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    nollag2006 wrote: »
    A respected former PM announcing that we are now recovering.

    What does this former PM now that no one else does?
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    Thrugelmir wrote: »
    What does this former PM now that no one else does?

    I would ask you to show extreme respect for Margaret Thatcher. OK, she my be well into dementia, but she's the best PM we ever had!
  • nollag2006
    nollag2006 Posts: 2,638 Forumite
    Thrugelmir wrote: »
    What does this former PM now that no one else does?

    In 2005, he was elected to the Committee of the Marylebone Cricket Club (MCC), the governing body of Cricket.

    There are others on the MCC, so I wouldnt say he does it alone.

    You might want to ask his wife, Norma, if you are looking for a full response.
  • B33fy
    B33fy Posts: 173 Forumite
    nollag2006 wrote: »
    In 2005, he was elected to the Committee of the Marylebone Cricket Club (MCC), the governing body of Cricket.

    There are others on the MCC, so I wouldnt say he does it alone.

    You might want to ask his wife, Norma, if you are looking for a full response.

    Or ask Edwina
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    Our recovery depends on the Eurozone, and not the value of the 2 bed terrace in RightMove.
  • A._Badger
    A._Badger Posts: 5,881 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    kabayiri wrote: »
    Our recovery depends on the Eurozone, and not the value of the 2 bed terrace in RightMove.

    More like the US economy and with jug ears in charge I'm not holding my breath.
  • John_Pierpoint
    John_Pierpoint Posts: 8,401 Forumite
    Part of the Furniture 1,000 Posts
    Has the Queen died?
  • A._Badger
    A._Badger Posts: 5,881 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    John_Pierpoint wrote: »
    Has the Queen died?

    The other jug ears. The empty chair in the White House.

    Though saints preserve us if our version ever got a whiff of power.
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