HSBC 0.99% fixed rate mortgage

AG47

It's now embarrassing how desperate the attempts to exasperate the bubble.

Why would anybody not see that property is a huge bubble waiting for a pin.

Jack_Johnson_the_acorn

AG47 wrote: »

It's now embarrassing how desperate the attempts to exasperate the bubble.

Why would anybody not see that property is a huge bubble waiting for a pin.

Oooh lovely at that rate I'd be paying less than 50% of the rental price... why would anyone doublethe money to rent when you can buy at 1/2 the monthly cost.

buglawton

AG47 wrote: »

It's now embarrassing how desperate the attempts to exasperate the bubble.

Why would anybody not see that property is a huge bubble waiting for a pin.

Exacerbate?
Anyway don't worry only 1% of well paid people will be eligible for that that 1% offer.

vivatifosi

FT has a good article on this. Only fixed for two years and has a big fee, so true cost will be higher. May be good for some though:

https://next.ft.com/content/fe3ee3d2-3706-11e6-a780-b48ed7b6126f

michaels

If it is costing you to keep money in gilts then why not try to shovel it out the front door at 1% instead?

mwpt

Overall supply on the market in most areas in London remains low. In those areas, there are many willing buyers. As long as interest rates keep falling, the amount these buyers can bid for the properties can keep rising, so I expect that if the downward interest rate trend continues, the upward trend in house prices will continue. Of course this also depends on how brexit proceeds.

ruggedtoast

vivatifosi wrote: »

FT has a good article on this. Only fixed for two years and has a big fee, so true cost will be higher. May be good for some though:

https://next.ft.com/content/fe3ee3d2-3706-11e6-a780-b48ed7b6126f

Every time we go to remortgage I see all these amazing rates, then realise that the fees for a 2 or 3 year fix would far outweigh any saving.

That said we are now down to 1.5% or something with Barclays so I can't complain too much.

chucknorris

AG47 wrote: »

It's now embarrassing how desperate the attempts to exasperate the bubble.

Why would anybody not see that property is a huge bubble waiting for a pin.

Who is embarrassed?

EDIT: I've got it, you meant that you were embarrassed because previously you were saying that rates were going to go up, was that it?

ChopperST

AG47 wrote: »

It's now embarrassing how desperate the attempts to exasperate the bubble.

Why would anybody not see that property is a huge bubble waiting for a pin.

Its available to customers with a 35% deposit and who will stump up a £1500 fee for a two year product. Its hardly a 120% LTV liar loan is it?

cells

mwpt wrote: »

Overall supply on the market in most areas in London remains low. In those areas, there are many willing buyers. As long as interest rates keep falling, the amount these buyers can bid for the properties can keep rising, so I expect that if the downward interest rate trend continues, the upward trend in house prices will continue. Of course this also depends on how brexit proceeds.

your thinking just of borrow to buy, there are also lots and lots of savings to buy. London homes might look expensive at say 4% yield but its a whole lot higher than the 0.4% a bank is offering.

Sometimes I think to myself take some of the chips off the table (ie sell a few) but then I think what am I going to put the money into and the alternatives dont seem attractive.

chucknorris

cells wrote: »

Sometimes I think to myself take some of the chips off the table (ie sell a few) but then I think what am I going to put the money into and the alternatives dont seem attractive.

Welcome to the 'where else can I invest club'