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Portman INCREASE Their 5 Year Fixed
Temrael
Posts: 402 Forumite
Following the BoE rate cut last week, we have been draggging our heels on applying for Portman's 5 year fixed at 4.45% mortgage.
In the end we caved in (needed to get cracking with moving our purchase on) and applied for it on Tuesday.
Today Portman have announced an increase in their 5 year fixed rate to 4.59%! :eek:
Phew, perhaps you other guys and gals waiting for lower fixed might want to reconsider.
It's nice saving £513.60 :money:
In the end we caved in (needed to get cracking with moving our purchase on) and applied for it on Tuesday.
Today Portman have announced an increase in their 5 year fixed rate to 4.59%! :eek:
Phew, perhaps you other guys and gals waiting for lower fixed might want to reconsider.
It's nice saving £513.60 :money:
Temrael
Don't use a long word when a diminutive one will suffice.
Don't use a long word when a diminutive one will suffice.
0
Comments
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I refer you onto MortgageGenie thread "Fixed Rates could go up, due to small increase in SWAP rates.I am a Mortgage Adviser
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.0 -
Aye spotted that, but as far as I'm aware Portman is the first evidence we've seen of it in practice. And I broke the Portman story first, a full 12 mins earlier. Hehe
If the mods want to merge threads that's fine with me, but I just wanted to make sure people like me who had been holding off for lower fixed rates were warned.
It's one thing to say that a rate rise is conceivable having looked at market figures, but seeing it actually happen is more likely to spur people in to action.
That's why I posted it in it's own thread... that and I was feeling a bit smug. :cool:Temrael
Don't use a long word when a diminutive one will suffice.0
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