Jump to content
The mkiv Supra Owners Club

Bank slash interest rates now to 1.5%


lui

Recommended Posts

  • Replies 73
  • Created
  • Last Reply

Top Posters In This Topic

If I read that correctly you are looking at a 25-40% deposit/equity to get a decent rate :search:

 

 

40%? Really? I just hope the bed of variable rates is a comfortable one and not made of nails, because I'm hoping I won't suffer too much with the situation I've found myself in.

 

Damn all those investments I've made. I just hope something good will happen soon, as this could get nasty :blink:

Link to comment
Share on other sites

If I read that correctly you are looking at a 25-40% deposit/equity to get a decent rate :search:

 

What about this- or is the apr not what you're looking for?

 

Benefit package

 

Free valuation up to a maximum of £1,190

Free legal work if using a solicitor appointed on your behalf by Abbey

 

Rate for 15% minimum deposit - without benefit package - loan amounts up to £250,00 E335C Term

Rate

The overall cost for comparison is

 

Until 02.04.2012

5.84%

5.5% APR

 

From 03.04.2012

Our Standard Variable Rate - Currently 4.94%

5.5% APR

 

 

 

Available to first time buyers, customers moving home and those remortgaging to Abbey

Booking fee £995 (You can add this to the loan, however, if added, it will attract interest over the term of the mortgage)

Early repayment charges apply

A Mortgage Account Fee of £225 for the provision and general administration of your mortgage. This fee can be paid on completion or deferred until the end of your mortgage. If you defer the payment, this fee will not increase.

 

 

Rate for 15% minimum deposit - with Remortgage Solution - loan amounts up to £250,00 E335R Term

Rate

The overall cost for comparison is

 

Until 02.04.2012

6.44%

5.6% APR

 

From 03.04.2012

Our Standard Variable Rate - Currently 4.94%

5.6% APR

 

 

 

Available to customers remortgaging to Abbey

Booking fee £995 (You can add this to the loan, however, if added, it will attract interest over the term of the mortgage)

Early repayment charges apply

A Mortgage Account Fee of £225 for the provision and general administration of your mortgage. This fee can be paid on completion or deferred until the end of your mortgage. If you defer the payment, this fee will not increase.

Benefit package

 

Free valuation up to a maximum of £1,190

Free legal work if using a solicitor appointed on your behalf by Abbey

Link to comment
Share on other sites

  • 4 weeks later...
My fixed rate ends next month, and I'm going to convert to repayment, from interest only, while I'm at it.

 

(Good to meet you at AFR on friday, btw) :)

 

Currently on repayment and our settlement amount (after 2 years, almost) is more than the original loan... :taped:

 

Cheers, good to meet you too ;) Hows the car going? I was impressed with my scooby, 306bhp

Link to comment
Share on other sites

Flash! Ah-ha! He saved everyone of us.

 

Serious moves from a serious Prime Minister, this is epic in proportion. Something I will tell my grandchildren about.

 

1694 - when the BOE was created, no rate has ever been this low. 1694 when the uk pop was about 6million and life expectancy was under 40.

 

Time to access government initiated mortgage relief if things are tight or you are not on a base rate tracker mortgage....

Link to comment
Share on other sites

  • 4 weeks later...
I can't see it having much impact on Joe Public, the banks still seem reluctant to pass any of these reduction on, if anything they are increasing their advertising spend and putting rates up.

 

Tossers.

 

Nope indeed, it just affects those that rely on interest from savings, like pensioners...and all the good people that didn't rack up insane amounts of debt on CCards.

Link to comment
Share on other sites

Nope indeed, it just affects those that rely on interest from savings, like pensioners...and all the good people that didn't rack up insane amounts of debt on CCards.

 

Seconded. It really gets my goat when people complain of how bad their life has gotten with a £100k personal debt ... life lesson i learned 6 years ago was to NEVER spend money you don't have.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue. You might also be interested in our Guidelines, Privacy Policy and Terms of Use.