grahamc Posted January 8, 2009 Share Posted January 8, 2009 Dont most banks cap the rate 2%, no matter what the BoE rate is? Quote Link to comment Share on other sites More sharing options...
grahamc Posted January 8, 2009 Share Posted January 8, 2009 ....they shouldn't be able to simply change the rules just because it doesn't pan out how they hoped it would. but thats how business works, if your gamble does not work, cut and run! Quote Link to comment Share on other sites More sharing options...
RiceRocket Posted January 8, 2009 Share Posted January 8, 2009 I suppose the dream now would be obtaining a fixed 20-5 year rate eh? Quote Link to comment Share on other sites More sharing options...
Wez Posted January 8, 2009 Share Posted January 8, 2009 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 If I read that correctly you are looking at a 25-40% deposit/equity to get a decent rate Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted January 8, 2009 Share Posted January 8, 2009 If I read that correctly you are looking at a 25-40% deposit/equity to get a decent rate 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 Quote Link to comment Share on other sites More sharing options...
Lbm Posted January 8, 2009 Share Posted January 8, 2009 If I read that correctly you are looking at a 25-40% deposit/equity to get a decent rate 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 Quote Link to comment Share on other sites More sharing options...
Wez Posted January 8, 2009 Share Posted January 8, 2009 Yes you can get a mortgage with 15% but look at the difference in interest rates. Quote Link to comment Share on other sites More sharing options...
jamesmark Posted February 5, 2009 Share Posted February 5, 2009 Now cut to 1% http://news.bbc.co.uk/1/hi/business/7871932.stm Quote Link to comment Share on other sites More sharing options...
Wez Posted February 5, 2009 Share Posted February 5, 2009 doesnt help me at all, fixed mortgage Quote Link to comment Share on other sites More sharing options...
michael Posted February 5, 2009 Share Posted February 5, 2009 And still no movement on the interest rates for loans while those for credit cards and overdrafts seem to be on the rise. Quote Link to comment Share on other sites More sharing options...
grahamc Posted February 5, 2009 Share Posted February 5, 2009 I am moving to variable in June!! Quote Link to comment Share on other sites More sharing options...
grahamc Posted February 5, 2009 Share Posted February 5, 2009 And still no movement on the interest rates for loans while those for credit cards and overdrafts seem to be on the rise. Or personal loans... Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted February 5, 2009 Share Posted February 5, 2009 I am moving to variable in June!! 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) Quote Link to comment Share on other sites More sharing options...
grahamc Posted February 5, 2009 Share Posted February 5, 2009 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... Cheers, good to meet you too Hows the car going? I was impressed with my scooby, 306bhp Quote Link to comment Share on other sites More sharing options...
The Raven Posted February 5, 2009 Share Posted February 5, 2009 More money saved for me. Now paying less than half what i was. Quote Link to comment Share on other sites More sharing options...
Carl_S Posted February 6, 2009 Share Posted February 6, 2009 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.... Quote Link to comment Share on other sites More sharing options...
AndrewOW Posted March 5, 2009 Share Posted March 5, 2009 Another cut is expected to today to 0.5%. It's all getting a bit desperate! http://news.bbc.co.uk/1/hi/business/7924234.stm Quote Link to comment Share on other sites More sharing options...
michael Posted March 5, 2009 Share Posted March 5, 2009 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. Quote Link to comment Share on other sites More sharing options...
Alex Posted March 5, 2009 Share Posted March 5, 2009 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. Quote Link to comment Share on other sites More sharing options...
The Raven Posted March 5, 2009 Share Posted March 5, 2009 Woot more money saved 0% next please Quote Link to comment Share on other sites More sharing options...
Dozymare Posted March 5, 2009 Share Posted March 5, 2009 Now 0.5%. Makes no difference to me, I rent..... Quote Link to comment Share on other sites More sharing options...
penguin Posted March 5, 2009 Share Posted March 5, 2009 i got charged £16 on my OD today, usually it's less than a tenner... still, atleast i got 86pence back in interest on my savings Quote Link to comment Share on other sites More sharing options...
penguin Posted March 5, 2009 Share Posted March 5, 2009 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. Quote Link to comment Share on other sites More sharing options...
lui Posted March 5, 2009 Author Share Posted March 5, 2009 Loving it hope it last my mortage is peanuts now Quote Link to comment Share on other sites More sharing options...
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