ING Direct mortgage

mr_jetlag

reck_uk wrote: »

Got it today, must be last on the list :T

I wonder what will happen to interest rates early next year, do you think they will start going back up?

It's looking extremely unlikely to go up before the second half of the year. I've said elsewhere on the boards we are about 6 months - 1 year behind the States, so my crystal ball prediction is that come June we are looking at a BoE base rate of less than 1% or even ZERO.

Jett

There's been a few posts indicating that this may happen but has anyone's mortgage reverted to the 'flexible mortgage' (BOE+ 0.9) following their fixed term where their Ts&Cs stated that it would go onto the SVR.

belge75

Jett, I'll let you know next Monday/Tuesday as our fixed rate ends then. Our variable rate sub-account is showing a rate of 2.89% so fingers crossed...

BeING_F-ING_Direct

Hi all,

Googled ING Direct tracker mortgages to find if there were any discussion fora out there related to the uncollared 0.89% above base deal - and here you are - and here I am!

Interesting to hear most people have had their 1st Jan letters as I haven't yet. Anyone else similarly delayed?

reck_uk

Didn't get mine till the 30th December. I would have thought you should have received it by now, might be worth giving them a ring.

reck_uk

Heard on the radio this morning that there's likely going to be another 0.5% - 1% cut today. How much lower is this going to go? It's good for my mortgage but not for my savings.

GoToGal

Confirmed cut to 1.5%

reck_uk

It wouldn't surprise me if it dropped another .5% next month to bring it down to 1%.

Bromley86

reck_uk wrote: »

Heard on the radio this morning that there's likely going to be another 0.5% - 1% cut today. How much lower is this going to go? It's good for my mortgage but not for my savings.

Not a problem for you, unless you're in the enviable position of having savings > mortgage.

MoneySavingNovice

Bromley86 wrote: »

Not a problem for you, unless you're in the enviable position of having savings > mortgage.

.... or managed to Fix your savings prior at a good rate!