Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • elly68
    • By elly68 12th Sep 18, 4:35 PM
    • 2,448Posts
    • 6,187Thanks
    elly68
    with brexit looming fixed rate 2 yr 5 yr or 10 yr deal
    • #1
    • 12th Sep 18, 4:35 PM
    with brexit looming fixed rate 2 yr 5 yr or 10 yr deal 12th Sep 18 at 4:35 PM
    Hi Ive a feeling interest rates are about to rocket ,employment up wages up ....
    so are u all sticking with variable or fixing your mortgages been offered 3.4 % for 5 years or 2.4% for 2 years .
    advice please x
    Barclay card 0% 566/9000 set payment 266 a month 35 months bos cc 20% 300/900 virgin cc 32 months 0% 200/6990 Santander loan 2000/10,000
    =total 23,846 .I am going to be at transfer queen no more wasting my hard earned cash .
    Lifes a beach...go walk on one Arbroath, Blackness, Crammond , Dunbar, Eyemouth , ..........
Page 1
    • foxy-stoat
    • By foxy-stoat 12th Sep 18, 5:18 PM
    • 2,677 Posts
    • 1,538 Thanks
    foxy-stoat
    • #2
    • 12th Sep 18, 5:18 PM
    • #2
    • 12th Sep 18, 5:18 PM
    I have a feeling that interest rates will go up, but only small amounts - if they "rocket" then the majority of the country will fold.

    Fix your mortgage for as long as you can if its worth it for you or if you want the certainty.
    • kingstreet
    • By kingstreet 12th Sep 18, 5:21 PM
    • 34,134 Posts
    • 18,521 Thanks
    kingstreet
    • #3
    • 12th Sep 18, 5:21 PM
    • #3
    • 12th Sep 18, 5:21 PM
    employment up wages up ....
    Originally posted by elly68
    Sunny uplands for you then?
    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.
    • elly68
    • By elly68 12th Sep 18, 5:46 PM
    • 2,448 Posts
    • 6,187 Thanks
    elly68
    • #4
    • 12th Sep 18, 5:46 PM
    • #4
    • 12th Sep 18, 5:46 PM
    Sunny uplands for you then?
    Originally posted by kingstreet
    I meant the economic line we are being fed by the news lol
    Barclay card 0% 566/9000 set payment 266 a month 35 months bos cc 20% 300/900 virgin cc 32 months 0% 200/6990 Santander loan 2000/10,000
    =total 23,846 .I am going to be at transfer queen no more wasting my hard earned cash .
    Lifes a beach...go walk on one Arbroath, Blackness, Crammond , Dunbar, Eyemouth , ..........
    • moneymort
    • By moneymort 12th Sep 18, 7:54 PM
    • 14 Posts
    • 8 Thanks
    moneymort
    • #5
    • 12th Sep 18, 7:54 PM
    • #5
    • 12th Sep 18, 7:54 PM
    I believe they will go up slowly however I have just gone for a 5 year fix, 1.99% 500 setup fee at metro bank. I like the security of a 5 year fix and it suits my situation at the moment.
    • getmore4less
    • By getmore4less 13th Sep 18, 3:23 AM
    • 33,071 Posts
    • 19,943 Thanks
    getmore4less
    • #6
    • 13th Sep 18, 3:23 AM
    • #6
    • 13th Sep 18, 3:23 AM
    Why such high rates and 23k of other debt?
    • elly68
    • By elly68 14th Sep 18, 7:52 AM
    • 2,448 Posts
    • 6,187 Thanks
    elly68
    • #7
    • 14th Sep 18, 7:52 AM
    • #7
    • 14th Sep 18, 7:52 AM
    I have a diary if you wish to read ,we have had a significant turn in fortunes in wages hence 0% cards to clear should be debt clear in 3 years which will leave just the mortgage,i have been offered remortgage at increased money but i dont wish this . Thanks for highlighting the higher interest rate looks like its because mortgage is for 780000 over 100000 they are lower and over 200000 lower again.I havent tried elsewhere apart from halifax .
    Barclay card 0% 566/9000 set payment 266 a month 35 months bos cc 20% 300/900 virgin cc 32 months 0% 200/6990 Santander loan 2000/10,000
    =total 23,846 .I am going to be at transfer queen no more wasting my hard earned cash .
    Lifes a beach...go walk on one Arbroath, Blackness, Crammond , Dunbar, Eyemouth , ..........
    • AnotherJoe
    • By AnotherJoe 14th Sep 18, 8:02 AM
    • 10,628 Posts
    • 12,176 Thanks
    AnotherJoe
    • #8
    • 14th Sep 18, 8:02 AM
    • #8
    • 14th Sep 18, 8:02 AM
    Interest rates rising is the last last thing the economy needs with Brexit on the horizon.
    • obay
    • By obay 14th Sep 18, 9:55 AM
    • 480 Posts
    • 403 Thanks
    obay
    • #9
    • 14th Sep 18, 9:55 AM
    • #9
    • 14th Sep 18, 9:55 AM
    We fixed for 2 years initially, we're now picking 5 years at 2.2% with principality. Might be worth getting a broker to do a whole of market search to see if you can get the mortgage cheaper.. and longer.
    1/12/16 - 152,599.00
    11/11/17 - 145,990.00
    Two Credit agreements to pay off - 13653! (inc interest).
    Sofa (DFS) (0%)923/923 - Paid off 7th November - 2017
    Barclays Boiler (18.9%!)3021.36/3021.36 - Paid 14th September 2018!
    Barclays Car (5.99%)0/8,832.37
    • Lotak
    • By Lotak 14th Sep 18, 10:03 AM
    • 53 Posts
    • 45 Thanks
    Lotak
    I'm in the process of switching to a 5 year fix.
    Even taking an ERC hit to obtain it (although my mortgage isn't so simple, so it makes it worthwhile).

    I think a 5 year fix is definitely worth doing. 2 years is not a long time. 10 years may be too long / you may not be willing to pay the additional premium for a 10 year fix.
    Current Debt (excluding mortgage) - 14.9k
    • elly68
    • By elly68 14th Sep 18, 3:24 PM
    • 2,448 Posts
    • 6,187 Thanks
    elly68
    I'm in the process of switching to a 5 year fix.
    Even taking an ERC hit to obtain it (although my mortgage isn't so simple, so it makes it worthwhile).

    I think a 5 year fix is definitely worth doing. 2 years is not a long time. 10 years may be too long / you may not be willing to pay the additional premium for a 10 year fix.
    Originally posted by Lotak
    hi lotak can I ask who with and rate will have a look at others before signing halifax paperwork .
    Barclay card 0% 566/9000 set payment 266 a month 35 months bos cc 20% 300/900 virgin cc 32 months 0% 200/6990 Santander loan 2000/10,000
    =total 23,846 .I am going to be at transfer queen no more wasting my hard earned cash .
    Lifes a beach...go walk on one Arbroath, Blackness, Crammond , Dunbar, Eyemouth , ..........
    • elly68
    • By elly68 14th Sep 18, 3:26 PM
    • 2,448 Posts
    • 6,187 Thanks
    elly68
    We fixed for 2 years initially, we're now picking 5 years at 2.2% with principality. Might be worth getting a broker to do a whole of market search to see if you can get the mortgage cheaper.. and longer.
    Originally posted by obay
    thanks obay ,daughter away to uni for 5 years so we wont have her accomadation costs after this .
    Barclay card 0% 566/9000 set payment 266 a month 35 months bos cc 20% 300/900 virgin cc 32 months 0% 200/6990 Santander loan 2000/10,000
    =total 23,846 .I am going to be at transfer queen no more wasting my hard earned cash .
    Lifes a beach...go walk on one Arbroath, Blackness, Crammond , Dunbar, Eyemouth , ..........
    • Thrugelmir
    • By Thrugelmir 14th Sep 18, 3:36 PM
    • 59,849 Posts
    • 53,210 Thanks
    Thrugelmir
    Interest rates rising is the last last thing the economy needs with Brexit on the horizon.
    Originally posted by AnotherJoe
    More often or not. It's what you are not planning for that causes an issue.
    Financial disasters happen when the last person who can remember what went wrong last time has left the building.
    • elly68
    • By elly68 14th Sep 18, 4:02 PM
    • 2,448 Posts
    • 6,187 Thanks
    elly68
    More often or not. It's what you are not planning for that causes an issue.
    Originally posted by Thrugelmir

    Hi Thrugelmir ,I think i'm turning into a if the apocolypse occurs type as i get older wish I could be less of a planner but we have had our health scare so time to clear then enjoy .To to many people dying or getting sick around me so want debt clear while fit and then travel more .
    Read interest rate wrong its came through at 3.04% no fees five years it may be .
    Barclay card 0% 566/9000 set payment 266 a month 35 months bos cc 20% 300/900 virgin cc 32 months 0% 200/6990 Santander loan 2000/10,000
    =total 23,846 .I am going to be at transfer queen no more wasting my hard earned cash .
    Lifes a beach...go walk on one Arbroath, Blackness, Crammond , Dunbar, Eyemouth , ..........
    • Lotak
    • By Lotak 14th Sep 18, 4:37 PM
    • 53 Posts
    • 45 Thanks
    Lotak
    hi lotak can I ask who with and rate will have a look at others before signing halifax paperwork .
    Originally posted by elly68
    I've sent you a PM
    Current Debt (excluding mortgage) - 14.9k
    • Fran51
    • By Fran51 14th Sep 18, 6:27 PM
    • 1 Posts
    • 1 Thanks
    Fran51
    Brexit and Mortgages
    My hubby and I are mortgage free but have just got a new mortgage to buy our daughter and partner a house, to get them onto the housing ladder. With Brexit looming, I'm worried about the house prices dropping and the kids paying us the mortgage payments, for a house that has dropped considerably in price - Can anyone advise please?? Thank you!
    • elly68
    • By elly68 15th Sep 18, 12:30 AM
    • 2,448 Posts
    • 6,187 Thanks
    elly68
    hi fran think a lot will be along to declare you were mad to take mortgage debt on in your own name but think thats very kind of you to give your kids a leg up x
    Barclay card 0% 566/9000 set payment 266 a month 35 months bos cc 20% 300/900 virgin cc 32 months 0% 200/6990 Santander loan 2000/10,000
    =total 23,846 .I am going to be at transfer queen no more wasting my hard earned cash .
    Lifes a beach...go walk on one Arbroath, Blackness, Crammond , Dunbar, Eyemouth , ..........
    • getmore4less
    • By getmore4less 15th Sep 18, 2:58 AM
    • 33,071 Posts
    • 19,943 Thanks
    getmore4less
    Find a decent lender Halifax a rubbish for small mortgages or retention deals as you mortgage gets smaller
    • Dandytf
    • By Dandytf 15th Sep 18, 8:38 AM
    • 1,512 Posts
    • 434 Thanks
    Dandytf
    I'm hoping to make until July 2019 relatively unscathed.
    Only 1 rise as yet-praying to avoid upto 2 or mores rises until then.
    Although not immediately effected during 2 yrs fix-watching natwide base mtg rate climb above 4%
    2019-year of uncertainty
    sc dmp 2012 13k Jan 2018 8840 paid. 60% approx.
    Mid 2018 Help2save 50 uk pounds per month
    Mid 2018-Virgin Money E-saver V11 -250+50 uk pounds per month
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,945Posts Today

8,602Users online

Martin's Twitter