@MacPhlea
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« on: Thursday, September 22, 2011, 12:10:09 » |
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Just got a letter from them telling me that they are relinquishing the get out clause fee on my NRAM 15 year fixed rate mortgage (apparently to recoup some of the cash to repay the government) which now means I am free to go get a cheaper fixed rate mortgage without paying a huge release fee during the fixed rate period... I assume I am not the only one who got this letter?
...just secured a new 3 year fixed rate mortgage 2% cheaper - whoop!
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Ginginho
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« Reply #1 on: Thursday, September 22, 2011, 12:21:48 » |
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I'm with Northern Rock, but haven't seen the post today.
We had a 5 year fixed period which ended last year and our new terms reduced our mortgage by £100 a month.
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Samdy Gray
Dirty sneaky traitor weasel
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« Reply #2 on: Thursday, September 22, 2011, 12:35:51 » |
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I believe they've been doing it gradually over the last few months.
If it were me I'd be looking at a tracker for the next couple of years. There are some very good 2 year trackers about at the moment.
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@MacPhlea
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« Reply #3 on: Thursday, September 22, 2011, 12:38:56 » |
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I believe they've been doing it gradually over the last few months.
If it were me I'd be looking at a tracker for the next couple of years. There are some very good 2 year trackers about at the moment.
Thought about that but am prepared to sacrifice the small saving for security of knowing what I'll pay for the next three years. |
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Ginginho
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« Reply #4 on: Thursday, September 22, 2011, 12:40:56 » |
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We're gonna look at moving early next year, so will weigh up our options then.
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Samdy Gray
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« Reply #5 on: Thursday, September 22, 2011, 12:47:15 » |
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Thought about that but am prepared to sacrifice the small saving for security of knowing what I'll pay for the next three years.
Absolutely. That's probably the safest bet at the moment. The short term outlook is that rates should remain low for another couple of years, but nobody can say for certain what's actually going to happen. |
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Bewster
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We fucking love you Gumbo!
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« Reply #6 on: Thursday, September 22, 2011, 12:53:40 » |
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Absolutely. That's probably the safest bet at the moment.
The short term outlook is that rates should remain low for another couple of years, but nobody can say for certain what's actually going to happen.
Maybe get one with a switch and fix option then ? |
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jimmy_onions
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« Reply #7 on: Thursday, September 22, 2011, 13:02:01 » |
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Off topic slighty..apologies for that...but vaguely financial related...
watched grand designs last night...question for y'all.
If your man has received in the region of 1.2 million from bank loans to build this house..how the fook is he expected to pay that back, or is it the case the banks consider the house as an asset?
Two other points.
Kevin Macloed is a prick...spouts way too much bullshit, and overly critical.
McFly...go for a 3 year fixed..there's a lot to be said for not having to worry about what rates are doing.
Regards
Jimmy_low_risk_low_gains_onions.
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@MacPhlea
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« Reply #8 on: Thursday, September 22, 2011, 13:07:08 » |
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Off topic slighty..apologies for that...but vaguely financial related...
watched grand designs last night...question for y'all.
If your man has received in the region of 1.2 million from bank loans to build this house..how the fook is he expected to pay that back, or is it the case the banks consider the house as an asset?
Two other points.
Kevin Macloed is a prick...spouts way too much bullshit, and overly critical.
McFly...go for a 3 year fixed..there's a lot to be said for not having to worry about what rates are doing.
Regards
Jimmy_low_risk_low_gains_onions.
He must be earning shitloads or dealing drugs McCloud is a knob jockey Safe & steady, fixed outgoings make me happy, thats why I don't have kids... |
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Samdy Gray
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« Reply #9 on: Thursday, September 22, 2011, 13:29:29 » |
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Maybe get one with a switch and fix option then ?
An option, yes. Although usually not the most competitive rates. |
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Bewster
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We fucking love you Gumbo!
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« Reply #10 on: Thursday, September 22, 2011, 13:31:47 » |
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An option, yes. Although usually not the most competitive rates.
Samdy - with your studying I will take your word for it, I've been out of the mortgage market for too long. |
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Samdy Gray
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« Reply #11 on: Thursday, September 22, 2011, 13:33:12 » |
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Obviously just my opinion, not to be taken as advice  |
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tans
You spin me right round baby right round
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« Reply #12 on: Thursday, September 22, 2011, 13:35:21 » |
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I saw Grand designs last night.
That house looked fucking stupid ampngst the rest of the estate.
As you say, how is he going to manage to pay it back, he mustve been retired anyway?!
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Bewster
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We fucking love you Gumbo!
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« Reply #13 on: Thursday, September 22, 2011, 13:35:44 » |
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Obviously just my opinion, not to be taken as advice investments can down as well as up |
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jimmy_onions
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« Reply #14 on: Thursday, September 22, 2011, 13:40:19 » |
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I saw Grand designs last night.
That house looked fucking stupid ampngst the rest of the estate.
As you say, how is he going to manage to pay it back, he mustve been retired anyway?!
exactly...Its all very well having the house of your dreams but is it really worth it if you havent got two pennies to rub together until the day you die.. there must be more to it than that.... |
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