RiceRocket Posted January 8, 2009 Share Posted January 8, 2009 Now down to 1.5% Quote Link to comment Share on other sites More sharing options...
Thorin Posted January 8, 2009 Share Posted January 8, 2009 Now down to 1.5% Good news for my mortgage renewal in a few months, assuming it stays low. Quote Link to comment Share on other sites More sharing options...
colsoop Posted January 8, 2009 Share Posted January 8, 2009 Wont be long till us savers will be in negative equity on our accounts, we will be paying the banks for looking after our money Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted January 8, 2009 Share Posted January 8, 2009 Good news for my mortgage renewal in a few months, assuming it stays low. Yes, yes, yes! That was so enjoyable. Quote Link to comment Share on other sites More sharing options...
DaveK Posted January 8, 2009 Share Posted January 8, 2009 Good news for my mortgage renewal in a few months, assuming it stays low. On the news this morning they seemed to be implying very few banks would pass it on. I've now decided savings are pointless. My supra is up for sale - I doubt it will go in the current climate, and especially since there is a minimum I want for it. But if it does, I'll give up on my 0.000001% interest and spend a chunk of money on another car! Quote Link to comment Share on other sites More sharing options...
RiceRocket Posted January 8, 2009 Share Posted January 8, 2009 On the news this morning they seemed to be implying very few banks would pass it on. It seems that some banks/building societies won't go below 2% for lending otherwise the profit is too minimal. Might want to check your T&Cs small print. Quote Link to comment Share on other sites More sharing options...
SilverSoop Posted January 8, 2009 Share Posted January 8, 2009 Thanks Gordon Brown..you to55er... Quote Link to comment Share on other sites More sharing options...
Lbm Posted January 8, 2009 Share Posted January 8, 2009 Thanks Gordon Brown..you to55er... Yeah Brown...my mortgage is cheaper...you w@nker! Quote Link to comment Share on other sites More sharing options...
grahamc Posted January 8, 2009 Share Posted January 8, 2009 savings goes back under the mattress... more debt!! Quote Link to comment Share on other sites More sharing options...
SilverSoop Posted January 8, 2009 Share Posted January 8, 2009 Yeah Brown...my mortgage is cheaper...you w@nker! Wait till Brown starts taxing everything again... Quote Link to comment Share on other sites More sharing options...
Supragal Posted January 8, 2009 Share Posted January 8, 2009 Oh FFS! This makes NO difference to me at all. My mortgage is fixed rate and they aren't making loans cheaper so it's not like I can take advantage and get a new car sooner or anything. FAIL. Quote Link to comment Share on other sites More sharing options...
Scoboblio Posted January 8, 2009 Share Posted January 8, 2009 Not good news for our savings in ISAs that we were hoping would give us a nice big lump of interest to put into a house deposit. Quote Link to comment Share on other sites More sharing options...
ivan Posted January 8, 2009 Share Posted January 8, 2009 No mortgage and a fixed rate ISA thank goodness. Do your worst Brown! Quote Link to comment Share on other sites More sharing options...
The Raven Posted January 8, 2009 Share Posted January 8, 2009 My rate is now in half on what i was paying. Happy days Quote Link to comment Share on other sites More sharing options...
Carl_S Posted January 8, 2009 Share Posted January 8, 2009 This kind of helps me, but I still need more money to be truely more independent and flexible, so will continute to look for more work. It's only becuase I got a good mortgage broker that I managed to get a good product. Quote Link to comment Share on other sites More sharing options...
supra_aero Posted January 8, 2009 Share Posted January 8, 2009 My rate is now in half on what i was paying. Happy days Grr I took fixed rate mortgage! Well annoying! Quote Link to comment Share on other sites More sharing options...
Wez Posted January 8, 2009 Share Posted January 8, 2009 Fixed here as well, fapping typical Quote Link to comment Share on other sites More sharing options...
Lbm Posted January 8, 2009 Share Posted January 8, 2009 Grr I took fixed rate mortgage! Well annoying! Indeed, unless you happen to be renewing your fixed rate round about now. Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted January 8, 2009 Share Posted January 8, 2009 Indeed, unless you happen to be renewing your fixed rate round about now. Is what I'm hoping. 1.5% fixed for 5 years. Yes, thank you very much! Quote Link to comment Share on other sites More sharing options...
Lbm Posted January 8, 2009 Share Posted January 8, 2009 Is what I'm hoping. 1.5% fixed for 5 years. Yes, thank you very much! Mine's due next month *rubs hands* Quote Link to comment Share on other sites More sharing options...
Wez Posted January 8, 2009 Share Posted January 8, 2009 I havent looked yet but what sort of equity/deposit do you need to get a decent rate on your remortgage now, last time I checked it was at least 25%. Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted January 8, 2009 Share Posted January 8, 2009 Mine's due next month *rubs hands* March for me, but I doubt very much any bank would allow a fixed term that low, as things could pick up again in a year or so leaving them a little short of cash! Then the shock of going back to 'normal' rates thereinafter could cause wide spread panic. Probably! Quote Link to comment Share on other sites More sharing options...
Lbm Posted January 8, 2009 Share Posted January 8, 2009 I havent looked yet but what sort of equity/deposit do you need to get a decent rate on your remortgage now, last time I checked it was at least 25%. Scroll down the bottom of the page in this link Wez. Dunno if it's any good to you? http://www.abbey.com/csgs/Satellite?c=GSDetalleProducto&cid=1127562796201&idParent=1127562994965&pagename=Abbey%2FGSDetalleProducto%2FGS_DetProducto Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted January 8, 2009 Share Posted January 8, 2009 I havent looked yet but what sort of equity/deposit do you need to get a decent rate on your remortgage now, last time I checked it was at least 25%. Ah, well err, at least the variable rate is low at the moment I wondered what was keeping me awake during the night. NEGATIVE EQUITY! Quote Link to comment Share on other sites More sharing options...
Digsy Posted January 8, 2009 Share Posted January 8, 2009 It seems that some banks/building societies won't go below 2% for lending otherwise the profit is too minimal. Might want to check your T&Cs small print. Many trackers have a lower limit in the small print. However didn't one lender recently announce that they were tearing the rulebook and saying they weren't going to pass on any more rate cuts to borrowers on tracker mortgages, regardless of the Ts&Cs? (Effectively saying "that's not fair, I'm not playing anymore). Bang out of order if its true. The radio has been full of people whining about being on fixed rates or the SVR and so the banks not passing on the recent rate cuts to them. I dount they were moaning when the SVR went above what they signed up to. That's how it is with mortgages, you pays your money and takes your choice (or rather the other way around). However, it should also work that way for the banks. If they gamble on buying a load of cash assuming they will get a certain return on it, they shouldn't be able to simply change the rules just because it doesn't pan out how they hoped it would. Quote Link to comment Share on other sites More sharing options...
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