2 year fixes to hit 6% within weeks!

ManAtHome

Well the next announcement will be a week on Thursday - not sure whether it'll be the July or August meet when it goes up...

Factor25

steviehud37 wrote: »

My 2 year fixed mortgage finishes September with Nationwide

I have got 4.95% fixed and am paying extra £250 over payment per month.

If i ring Nationwide and other mortgage lenders and organise a new mortgage

Will the new mortage start now? or Can i ask them to start it in September?

I am keen on over paying the mortgage

This is the first time am remortgaging so any help will be appreciated

Many thanks

Stevie

I am in exactly the same position with NW. I can get a new fixed 2yr deal with them at 5.78% which will start in August when the old deal ends. I can reserve the deal now before the rates rise, but am still liable for the £399 fee if I do not go ahead with it.

pollyanna24

I rang Nationwide just to find out when is the earliest I can remortgage with them. They said three months before my current deal (also with NW) ends, which is 30th April 2008. So 1st May 2008 is going to be the start of a scary new payment for me!

withabix

Here's a quote from the BoE Deputy Governor:

http://news.bbc.co.uk/1/hi/business/6244024.stm

What annoys me is that the UK's interest rate policy is determined by a group of people who are probably without exception affected MUCH LESS by their actions than Mr. Average, due to the excessive salaries and bonuses they earn.

The MPC should comprise a broad cross section of working people, not just fat cats with too much money to start with.

Martin Lewis for MPC!

neil324

withabix wrote: »

Here's a quote from the BoE Deputy Governor:

http://news.bbc.co.uk/1/hi/business/6244024.stm

What annoys me is that the UK's interest rate policy is determined by a group of people who are probably without exception affected MUCH LESS by their actions than Mr. Average, due to the excessive salaries and bonuses they earn.

The MPC should comprise a broad cross section of working people, not just fat cats with too much money to start with.

Martin Lewis for MPC!

Their job is to keep inflation at 2% nothing more and nothing less

N20Y1D

Factor25 wrote: »

I am in exactly the same position with NW. I can get a new fixed 2yr deal with them at 5.78% which will start in August when the old deal ends. I can reserve the deal now before the rates rise, but am still liable for the £399 fee if I do not go ahead with it.

When did you secure that rate?? im getting nothing close to that from Nationwide.

Factor25

N20Y1D wrote: »

When did you secure that rate?? im getting nothing close to that from Nationwide.

I was given those figures last week. I hadnt actually reserved the mortgage because I was going to see if I could do better. I have just spoken to them again and you are right those rates are no longer available, and yes I am now kicking myself.

skintlass

AM fixing my mortgage today for 7 years at 5.79% - I think this is a good deal. I just wish I'd fixed earlier.

merc190e

deanos wrote: »

Im in the process of switching to Britannia, 5.75 for 5 years, and no fees whatsoever

Hello,

My current fixed rate deal runs out on 1st September so i have been looking around.

When we originally took out this mortgage we went through a financial advisor, but after calling him i have found out he is on holiday.

My question is should i make further enquires with the above as this seems to be the best deal i can find at the moment for what we need. Or should i wait another week and speak with the financial advisor.

I have already spoke with our current lender and they can't really offer anything below 5.99%.


Thanks for any advise

mystic_trev

merc190e wrote: »

Hello,

My current fixed rate deal runs out on 1st September so i have been looking around.


I have already spoke with our current lender and they can't really offer anything below 5.99%.


Thanks for any advise

By SeptemberI doubt they'll be anything available under 6.25% unless you want to pay a heavy upfront fee!