I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
Mortgage fixed rates are interesting at the moment. Shorter 2 & 3 year ones are startimg to get more expensive than the longer 5 year ones, which has never been the case in the past.
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
My fixed rate mortgage comes to an end in December. Its not a massive mortgage - so I think I will take money out of savings, sell some equities and maybe cash in an ISA and pay it off. I think that is the best option - any opinions out there?
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
My fixed rate mortgage comes to an end in December. Its not a massive mortgage - so I think I will take money out of savings, sell some equities and maybe cash in an ISA and pay it off. I think that is the best option - any opinions out there?
Totally depends on what rate you can get on a mortgage v's savings/investments and their tax position.
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
Mortgage fixed rates are interesting at the moment. Shorter 2 & 3 year ones are startimg to get more expensive than the longer 5 year ones, which has never been the case in the past.
does this mean mortgage companies/banks are expecting interest rates to go back down in 5 years?
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
Mortgage fixed rates are interesting at the moment. Shorter 2 & 3 year ones are startimg to get more expensive than the longer 5 year ones, which has never been the case in the past.
does this mean mortgage companies/banks are expecting interest rates to go back down in 5 years?
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
Are you suggesting a house price crash?
Recession, rising interest rates and repossessions would historically tend to lead to a house price fall (crash may be too strong a word).
However, there is such a huge problem with housing stock availability that it may buck the trend this time around. I anticipate flat property prices over the next couple of years rather than any significant reset.
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
Mortgage fixed rates are interesting at the moment. Shorter 2 & 3 year ones are startimg to get more expensive than the longer 5 year ones, which has never been the case in the past.
does this mean mortgage companies/banks are expecting interest rates to go back down in 5 years?
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
Are you suggesting a house price crash?
I've heard it said that Liz Truss could be freezing / suspending Stamp Duty again. I dont think they will but who knows with this new Government.
I don't think you are likely to see 1 year fixes increase in line with the base rate moving TBH.
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
Are you suggesting a house price crash?
Depends on definition of crash. I believe actual sale prices will reduce over the coming 2-3 years (unless the government make significant changes). I don't think it will be huge, but there are already signs of sales struggling. On rightmove in and around my area just about every other house is showing as 'reduced' but may be currently they were pushing for unrealistic prices.
0.5% increase on the base rate. Let's see what happens to savings interest (probably very little).
After todays announcement Saga have just increased mine from 1.4% to 1.55%. So only passing on 0.15% of the 0.5% rise. I had already started withdrawing my money from them and moving to Gateway Bank which was offering 2% before todays rise.
0.5% increase on the base rate. Let's see what happens to savings interest (probably very little).
After todays announcement Saga have just increased mine from 1.4% to 1.55%. So only passing on 0.15% of the 0.5% rise. I had already started withdrawing my money from them and moving to Gateway Bank which was offering 2% before todays rise.
Don't forget that account has a bonus of .25% to add to the 1.55% so you should be getting 1.8% on it.
But agree there are other better options out there.
Decent reduction in Stamp duty and 1p off the base rate from April, surprised the removal of the top rate though.
Markets don't like it. FTSE100 down 1.75% to 7035. Might be time to put up our considered thinking guesses for the end of the year. I think I had around 7050
Decent reduction in Stamp duty and 1p off the base rate from April, surprised the removal of the top rate though.
Markets don't like it. FTSE100 down 1.75% to 7035. Might be time to put up our considered thinking guesses for the end of the year. I think I had around 7050
Yes as at now you are top of the league! But a long way to go
Comments
The longer fixes will be interesting as a not a lot in a 2 year v 5 year fix with a lot of places, indicating they've already priced in a certain amount of increase in the up to 2 year fix.
Today will be interesting, many predicting a 0.5-0.75 increase. Some people with mortgage fixes coming to an end are going to be in a whole lot of pain. Here comes the crash!!
However, there is such a huge problem with housing stock availability that it may buck the trend this time around. I anticipate flat property prices over the next couple of years rather than any significant reset.
But agree there are other better options out there.
Decent reduction in Stamp duty and 1p off the base rate from April, surprised the removal of the top rate though.