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red macca
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« Reply #15 on: Thursday, February 7, 2008, 16:35:10 » |
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arrrggggh so is it silly to takeout a fixed rate at the moment? depends how long you intend to fix it for yeovil |
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yeo
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« Reply #16 on: Thursday, February 7, 2008, 16:36:39 » |
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5 years
It'll balance out over that I expect wont it
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W56196272
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red macca
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« Reply #17 on: Thursday, February 7, 2008, 16:37:31 » |
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Yeah i would of thought so
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #18 on: Thursday, February 7, 2008, 16:38:20 » |
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Some bloody mortgage adviser you are!  |
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RobertT
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« Reply #19 on: Thursday, February 7, 2008, 16:38:31 » |
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Fixed Rates won't change much, some have even gone up in recent months because the Banks lending rate has not been falling. Trackers might be worth a shot for a year or 2 but weigh up the risk of rates going back up in a years time.
The oddity right now is inflation rising without consumer demand as such being the driver, it's got a lot more to do with fuel costs.
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Arriba
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« Reply #20 on: Thursday, February 7, 2008, 16:39:58 » |
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whatever mortagage people go for is a gamble in one way or another.
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yeo
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« Reply #21 on: Thursday, February 7, 2008, 16:42:56 » |
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True
Ill stick with the 5 year fixed at least i'll know what i'll be paying
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red macca
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« Reply #22 on: Thursday, February 7, 2008, 16:48:08 » |
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Some bloody mortgage adviser you are! Ha Ha, mate if i could predit the rates i would be a very rich man |
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Dazzza
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« Reply #23 on: Thursday, February 7, 2008, 17:35:13 » |
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I'm sold up in 12 months anyway so it works out quite well for me.
I'll be moving onto an apartment bought to let and a house so it should fall at around the right time to gauge if the market is set to increase again. Personally I think it’s tracker for 18 months then we’ll be back onto fixed (or so my Barclays dwelling friend tells me).
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ron dodgers
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shaddap your face
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« Reply #24 on: Thursday, February 7, 2008, 17:55:21 » |
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what's a mortgage |
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ronnie21
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The Mighty Hankerton
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« Reply #25 on: Thursday, February 7, 2008, 18:29:31 » |
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Hows your stag plans going? I might offer fred 15 virgins to stay in Swindon then youd be screwed! You'd never find 15 virgins within a 50-mile radius of Swindon!! |
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Gazza's Fat Mate
Morality Robocop
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« Reply #26 on: Thursday, February 7, 2008, 19:47:23 » |
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fixed mine for 5 years at 5.6%
the best trackers on offer were base rate plus 0.5 to 0.75 with a month delay before any cut took place. Therefore to beat the fixed rate intrest rates would have to fall to below 4.5% before a tracker would be best intrest rates weren't even that low two years ago.
you also have to remmbered that aloughth the base rate might drop the banks might not follow most have taken a big hit in the last few months what with the gobal slow down, credit crunch etc they need to make money some how. Also they have put up fee's for all products and when these are added to the overall cost it throws a right spanner in the works. don't be fooled by the headline rate or by what a FA might tell you. Do your homework and don't just listen to a FA.
But if I'm honest I reckon we will all be at war in 3 years time so we'll all be in the desert fighting the ragheads for the last few million barrles of oil
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Ash - "GFM Mate your like like Marmite you Love it or Hate it"
Christian Roberts " I fucking hate Marmite"
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