Mortgage deal ending

[tolmie's hairdoo]

Sadly my mum passed away at 60 just as she was reaching a time to fully enjoy the comfortable position they had worked so hard for
Dad got seven years out of his retirement before he passed

Sorry to hear that, people who graft all their lives and yet treated to another shit sandwich at the end of it.

 

[Johnny Mars Bar]

Well it looks like the housing market is about to crash.

A pain in the arse as we were just about to put mrs marsbars old flat on the market and sell our place, to fund a bigger gaff.

Looks like we’re staying put for a couple of years.

 

[DunfermlineBlue]

when is the next date for interest rates rising?
Earliest I can fix my mortgage is 2nd of November, can get a 10 year fix with current lender at 4.2% wondering wether I should just pay the early repayment charge now of £1700? If they rise another 1% that will bump it up another £100ish a month

 

[Hutchymcfc]

Well it looks like the housing market is about to crash.

A pain in the arse as we were just about to put mrs marsbars old flat on the market and sell our place, to fund a bigger gaff.

Looks like we’re staying put for a couple of years.

If there a market crash and your moving up the chain better for you

 

[denislawsbackheel]

Earliest I can fix my mortgage is 2nd of November, can get a 10 year fix with current lender at 4.2% wondering wether I should just pay the early repayment charge now of £1700? If they rise another 1% that will bump it up another £100ish a month

November 3rd
If I were you I’d take their hands off for that deal!
Todays 2 year deals are 5.8%

 

[Blackley_Blue]

Got an unexpected letter through the post the other day.

Thought I had another 2 years left at 2.09% but no, it's up in Jan.

I've fixed for 5 years at 4.74% with nationwide. The 10 year fix was the same 4.74% and I was torn with what to do but in the end went with the 5 year. Probably silly but I'll worry about it in 5 years time.

Nationwide have let me carry on paying the 2.09 before starting the new rate in January which softened the blow a tiny bit.

I've just had a look and the 5 years has gone up from the 4.74% I fixed at on Friday, to 5.39% today.

 

[DunfermlineBlue]

November 3rd
If I were you I’d take their hands off for that deal!
Todays 2 year deals are 5.8%

Will they adjust the rates before 3rd of November though if they’re predicted to go up say 1% ? Or will I be ok waiting till the 2nd ?

 

[Gaylord du Bois]

Will they adjust the rates before 3rd of November though if they’re predicted to go up say 1% ? Or will I be ok waiting till the 2nd ?

You need to be contacting your lender, if you haven't already done so. Try to get a deal approved and in place now, if you can. They won't bite, they want your custom.

 

[Scottyboi]

Well it looks like the housing market is about to crash.

A pain in the arse as we were just about to put mrs marsbars old flat on the market and sell our place, to fund a bigger gaff.

Looks like we’re staying put for a couple of years.

Isn't a housing crash the best time to upsize as your new home will be losing more value than your smaller current home?

 

[Millwallawayveteran1988]

1.8m fixed rates come to an end next year. Some of these were under 1%!