Mortgage deal ending

[bugsyblue]

Those saying mortgage costs haven’t risen much are sadly lucky themselves or wrong. Ours has almost tripled in price!

 

[Gareth Barry Conlon]

Market rate for 2 year gilts is up 2.8% from this time last year at just over 5%. It's moved up 0.10% since yesterday.

Mortgage rates are going to go up again.

 

[Gorton_Tubster]

Ah well. Ours comes to an end in October. We're expecting an extra 3 or 400 pm .

Putting my head back in the sand now.

 

[mancityvstoke]

I’m talking on the outskirts of Manchester etc Oldham has relatively cheap housing, not the best area I know but it’s a start.

He wouldnt live anywhere near Manchester as it's a shithole .......

 

[Mr Kobayashi]

He wouldnt live anywhere near Manchester as it's a shithole .......

He prefers bootle instead...

 

[Manchester1894]

Ours is up for renewal July 2024.. praying they drop by then

 

[SWP's back]

Martin Lewis just been on about this. I’m convinced he just love’s scaremongering.

From 1/7 I can look to renew my deal that ends 31/12. I had a quick look and as it stands my monthly payment will go up around £40. I’d hoped to do some extra borrowing but I think that can be shelved for now.

Anxious to get the ball rolling now.

Rates will be lower in December than they are now.

Edit. Maybe not. Sorry.

 

[LangleyBlue1970]

Rates will be lower in December than they are now.

I hope you’re right pal.

 

[117 M34]

Rates will be lower in December than they are now.

That seems very quick to drop them after the recent increases.
Hope you are right though.

 

[BerkshireBlue]

Agree. Too many folk today have only ever been used to abnormally low rates. Im all for a drop in house prices personally, they are obscene

the house prices need halving. High prices only benefits banks and HRMC and causes misery for the rest. I'd like a great reset to be honest. Yes I'd lose a lot of cash but my kids would be better off for it