Which member has the best mortgage rate?

getmore4less

notanewuser wrote: »

But with inflation at 3% you're losing money!

I am not losing any money it's not my money it's the banks.

For every £100 of their money they let me have I get £1.15 a year free.


It used to be a lot better, I had £30k from CC companies for nothing that used to pay over 5%.

Jonbvn

notanewuser wrote: »

As there are no savings accounts offering the 9.2% interest needed to match 5.5% there are no better opportunities!!

However, if you were on a lower mortgage rate as many have posted here, it would be better not to offset, since you could get much better rates with a cash ISA (as posted by getmore4less)

Bottom line, is that you are not the winner.:p

getmore4less

Jonbvn wrote: »

However, if you were on a lower mortgage rate as many have posted here, it would be better not to offset, since you could get much better rates with a cash ISA.

Bottom line, is that you are not the winner.:p

It is a very common misconception that offsets give a savings return at the mortgage rate tax free.

They are just borrowing less.

JPB123

I did a deal for a client in 2008 with C&G. Lifetime tracker 1.01% below base. This was when BBR was 5.75.

She's now paying -0.51%

Camdoon

In the Santander club at base +.49% offset for term which I changed to in 2007 and extended for an extra 5 years.
£30k in 123 account at 3% £20k in ISA and rest in base rate linked savings account.
Pay £1000 monthly into mortgage which earns £10pcm from 123 which I can then withdraw. The mortgage has another 7 years to run. I asked if they wanted to buy the mortgage off me but they just wanted it paid off. Having survived 15% interest rates, this is quite a change.
Should make about 10%/10k by the end of the mortgage.

Queen_of_the_Hive

We are part way through on 3.49% fix for 5 years, admittedly not as good as some of you. However we living in a house in london in an area where we know house prices have risen so for us very happy. Now working hard to overpay to reduce overall mortgage term.

rothers

Woolwich lifetime tracker at 0.17% above the base rate, 0.67% in total.

gazter

Suarez wrote: »

2 year fixed rate 6.29% :eek:

You get your mortgage through Wonga?

stylus360

dimbo61 wrote: »

I have NO INTEREST in this thread as now nearly fully offset and hope to be Mortgage Free in next 18 months
Love offset mortgages

Who do have this with ?

I am looking for a totally flexible mortgage with unlimited overpayments allowed PLUS the option to borrow back any overpayments, but can not find one anyone

fewcloudy

What a pointless display of willy-waggling this thread is :mad:

But seeing as you ask, 1.49% (0.99+BR) for life, from Sproggit and Sylvester, Jan 2008, was 0.5+BR for first 2 years...:p