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ING Direct mortgage
Comments
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Got my letter today confirming the new rate at 1.89%.
I was surprised that they were also suggesting that I arrange to over pay! I'm not going to as I can get better savings rates after tax than 1.89%.
ING suggestion does indicate that they aren't making a profit on these Mortgage any more!0 -
Yep!
I got 1.89 come through the door also! Well chuffed!
AMO0 -
Definitely 1.89% - new rate for our mortgage. :j
Fantastic news - who needs savings! Feel sorry for all those pensioners.
Yes, fantastic for us.
Not good to hear news like this:
http://news.bbc.co.uk/1/hi/england/hampshire/7908635.stm
Mr and Mrs Pyatt moved to Lymington six years ago and were living off their savings, but after a few years the money ran out and Mrs Pyatt became depressed.
Although I don't think that the current economic downturn can be blamed for 'a few years'. Nevertheless, there are probably more people that are going to feel like that.
AMO0 -
I was surprised that they were also suggesting that I arrange to over pay!
Well, I think it's a good idea to overpay now the monthly payment has dropped so much - get rid of that mortgage more quickly!0 -
Well, I think it's a good idea to overpay now the monthly payment has dropped so much - get rid of that mortgage more quickly!If at first you don't succeed, try, try, try - oh bu99er that just cheat0
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Well said jeferey!!:beer:0
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Yeah from a mortgage point of view this new rate is great. Obviously the flip side to this is that my savings aren't doing to well but i'm going to use this time to reduce my mortgage as much as possible as well.0
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So it sounds likely another interest rate cut is going to happen today, 0.5%?0
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Wonder if the rate will be cut if they decide on "Quantitative Easing"0
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