We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Fixed rate mortgages below 2% axed from the market as interest rates continue to rise
Options
Comments
-
No idea, sorry. I saw who it was and thought it worth mentioning it's not available in most of the UK.Sarah1Mitty2 said:
How much deposit would you need to get that?kingstreet said:
Norther Ireland brokers only as it's a Belfast-based BS.Windofchange said:
The MSE mortgage Best Buy comparison site:donutandbeer said:Hi, where did you find the deals that are below 2%? We are buying and thinking of getting a very small mortgage (10% LTV) but the lowest interest rate we can see on our portfolio on our mortgage advisor website is 2.45%. Two months ago it was 2.2% so a 0.2% increase in the last two months. We are now keen to buy with cash because of the interest rate…
https://www.moneysavingexpert.com/mortgages/best-buys/
Top one there is 0.99% for 24 months from progressive through a broker only.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Ok, thanks.0
-
Hi thanks for the link. I realised that I was only looking at 5 years fixed rate. So even on this link the best we can get is 2.4% (aside from the Northern Ireland only ones).Windofchange said:
The MSE mortgage Best Buy comparison site:donutandbeer said:Hi, where did you find the deals that are below 2%? We are buying and thinking of getting a very small mortgage (10% LTV) but the lowest interest rate we can see on our portfolio on our mortgage advisor website is 2.45%. Two months ago it was 2.2% so a 0.2% increase in the last two months. We are now keen to buy with cash because of the interest rate…
https://www.moneysavingexpert.com/mortgages/best-buys/
Top one there is 0.99% for 24 months from progressive through a broker only.
Not sure if 5 years fixed rate is a good one to go with in current climate. But then again no one can really predict anything…0 -
Why are the NI deals different?0
-
Why not, won`t that protect you from interest rate rises?donutandbeer said:
Hi thanks for the link. I realised that I was only looking at 5 years fixed rate. So even on this link the best we can get is 2.4% (aside from the Northern Ireland only ones).Windofchange said:
The MSE mortgage Best Buy comparison site:donutandbeer said:Hi, where did you find the deals that are below 2%? We are buying and thinking of getting a very small mortgage (10% LTV) but the lowest interest rate we can see on our portfolio on our mortgage advisor website is 2.45%. Two months ago it was 2.2% so a 0.2% increase in the last two months. We are now keen to buy with cash because of the interest rate…
https://www.moneysavingexpert.com/mortgages/best-buys/
Top one there is 0.99% for 24 months from progressive through a broker only.
Not sure if 5 years fixed rate is a good one to go with in current climate. But then again no one can really predict anything…0 -
Yes, but also screw you if they go down? Every time I have fixed for 5yrs I have regretted it. 2 yrs or trackers now.Sarah1Mitty2 said:
Why not, won`t that protect you from interest rate rises?donutandbeer said:
Hi thanks for the link. I realised that I was only looking at 5 years fixed rate. So even on this link the best we can get is 2.4% (aside from the Northern Ireland only ones).Windofchange said:
The MSE mortgage Best Buy comparison site:donutandbeer said:Hi, where did you find the deals that are below 2%? We are buying and thinking of getting a very small mortgage (10% LTV) but the lowest interest rate we can see on our portfolio on our mortgage advisor website is 2.45%. Two months ago it was 2.2% so a 0.2% increase in the last two months. We are now keen to buy with cash because of the interest rate…
https://www.moneysavingexpert.com/mortgages/best-buys/
Top one there is 0.99% for 24 months from progressive through a broker only.
Not sure if 5 years fixed rate is a good one to go with in current climate. But then again no one can really predict anything…0 -
The media are saying now that rates are going up and will keep going up?housebuyer143 said:
Yes, but also screw you if they go down? Every time I have fixed for 5yrs I have regretted it. 2 yrs or trackers now.Sarah1Mitty2 said:
Why not, won`t that protect you from interest rate rises?donutandbeer said:
Hi thanks for the link. I realised that I was only looking at 5 years fixed rate. So even on this link the best we can get is 2.4% (aside from the Northern Ireland only ones).Windofchange said:
The MSE mortgage Best Buy comparison site:donutandbeer said:Hi, where did you find the deals that are below 2%? We are buying and thinking of getting a very small mortgage (10% LTV) but the lowest interest rate we can see on our portfolio on our mortgage advisor website is 2.45%. Two months ago it was 2.2% so a 0.2% increase in the last two months. We are now keen to buy with cash because of the interest rate…
https://www.moneysavingexpert.com/mortgages/best-buys/
Top one there is 0.99% for 24 months from progressive through a broker only.
Not sure if 5 years fixed rate is a good one to go with in current climate. But then again no one can really predict anything…0 -
No one can tell you that. The media know as much as the next person and cannot predict the future.Sarah1Mitty2 said:
The media are saying now that rates are going up and will keep going up?housebuyer143 said:
Yes, but also screw you if they go down? Every time I have fixed for 5yrs I have regretted it. 2 yrs or trackers now.Sarah1Mitty2 said:
Why not, won`t that protect you from interest rate rises?donutandbeer said:
Hi thanks for the link. I realised that I was only looking at 5 years fixed rate. So even on this link the best we can get is 2.4% (aside from the Northern Ireland only ones).Windofchange said:
The MSE mortgage Best Buy comparison site:donutandbeer said:Hi, where did you find the deals that are below 2%? We are buying and thinking of getting a very small mortgage (10% LTV) but the lowest interest rate we can see on our portfolio on our mortgage advisor website is 2.45%. Two months ago it was 2.2% so a 0.2% increase in the last two months. We are now keen to buy with cash because of the interest rate…
https://www.moneysavingexpert.com/mortgages/best-buys/
Top one there is 0.99% for 24 months from progressive through a broker only.
Not sure if 5 years fixed rate is a good one to go with in current climate. But then again no one can really predict anything…
Maybe we go into a recession and they need to reduce them again? The future is uncertain.0 -
Possibly, but if you look at what HSBC for example are doing, they seem to be ignoring the BOE and increasing their rates even more.housebuyer143 said:
No one can tell you that. The media know as much as the next person and cannot predict the future.Sarah1Mitty2 said:
The media are saying now that rates are going up and will keep going up?housebuyer143 said:
Yes, but also screw you if they go down? Every time I have fixed for 5yrs I have regretted it. 2 yrs or trackers now.Sarah1Mitty2 said:
Why not, won`t that protect you from interest rate rises?donutandbeer said:
Hi thanks for the link. I realised that I was only looking at 5 years fixed rate. So even on this link the best we can get is 2.4% (aside from the Northern Ireland only ones).Windofchange said:
The MSE mortgage Best Buy comparison site:donutandbeer said:Hi, where did you find the deals that are below 2%? We are buying and thinking of getting a very small mortgage (10% LTV) but the lowest interest rate we can see on our portfolio on our mortgage advisor website is 2.45%. Two months ago it was 2.2% so a 0.2% increase in the last two months. We are now keen to buy with cash because of the interest rate…
https://www.moneysavingexpert.com/mortgages/best-buys/
Top one there is 0.99% for 24 months from progressive through a broker only.
Not sure if 5 years fixed rate is a good one to go with in current climate. But then again no one can really predict anything…
Maybe we go into a recession and they need to reduce them again? The future is uncertain.1 -
There is a lot more to it than the base rate. A believe the cost of swaps is what is driving up the increases in rates at the moment.Sarah1Mitty2 said:
Possibly, but if you look at what HSBC for example are doing, they seem to be ignoring the BOE and increasing their rates even more.housebuyer143 said:
No one can tell you that. The media know as much as the next person and cannot predict the future.Sarah1Mitty2 said:
The media are saying now that rates are going up and will keep going up?housebuyer143 said:
Yes, but also screw you if they go down? Every time I have fixed for 5yrs I have regretted it. 2 yrs or trackers now.Sarah1Mitty2 said:
Why not, won`t that protect you from interest rate rises?donutandbeer said:
Hi thanks for the link. I realised that I was only looking at 5 years fixed rate. So even on this link the best we can get is 2.4% (aside from the Northern Ireland only ones).Windofchange said:
The MSE mortgage Best Buy comparison site:donutandbeer said:Hi, where did you find the deals that are below 2%? We are buying and thinking of getting a very small mortgage (10% LTV) but the lowest interest rate we can see on our portfolio on our mortgage advisor website is 2.45%. Two months ago it was 2.2% so a 0.2% increase in the last two months. We are now keen to buy with cash because of the interest rate…
https://www.moneysavingexpert.com/mortgages/best-buys/
Top one there is 0.99% for 24 months from progressive through a broker only.
Not sure if 5 years fixed rate is a good one to go with in current climate. But then again no one can really predict anything…
Maybe we go into a recession and they need to reduce them again? The future is uncertain.
Banks also can only guess the future and base prices on that. It's not a science. I can tell you that by how frequently lenders are changing their rates, some twice a week!0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards