Not again!

Post by ed » Thu Jan 11, 2007 1:52 pm

http://news.bbc.co.uk/1/hi/business/6251963.stm

Had hoped they would wait until the spring!

mckeann · Post by **mckeann** » Thu Jan 11, 2007 1:57 pm

who are you kidding. your minted.

Glad i got a 5 year fixed rate mortgage at 4%. Roll on the old 13% days so my savings account starts doing something useful

Post by ed » Thu Jan 11, 2007 2:04 pm

I wish!

Your one lucky boy! Thats a fantastic rate! Must be a huge get out clause should it be required!

r055 · Post by **r055** » Thu Jan 11, 2007 2:14 pm

mckeann wrote:who are you kidding. your minted.

Glad i got a 5 year fixed rate mortgage at 4%. Roll on the old 13% days so my savings account starts doing something useful

10 year @ 5.05%

in a sick, perverse way I want them to go up to justify me going for 10 bloody years!

GregR · Post by **GregR** » Thu Jan 11, 2007 2:20 pm

good old Alix.... "variable is the way to go" said she.....

Sanjøy · Post by **Sanjøy** » Thu Jan 11, 2007 2:21 pm

As long as it dips post summer so I can buy another place ....

Post by ed » Thu Jan 11, 2007 2:37 pm

Sanjoy wrote:As long as it dips post summer so I can buy another place ....

cant see that happening!

mckeann · Post by **mckeann** » Thu Jan 11, 2007 3:05 pm

i was just lucky that when we bought this house, interest rates were at there lowest point. Decided then that i couldnt see them going much lower so went for a 5 year fixed.

robin · Post by **robin** » Thu Jan 11, 2007 5:04 pm

Neil, you should speculate on the markets with skillz like that - you could make millions

Cheers,
Robin

foz · Post by **foz** » Thu Jan 11, 2007 5:31 pm

At least their not going up 1% in the morning and 1% in the afternoon. (Norman Lamonts days I think) Was'nt that long ago either....Scary (just to look on the bright side)

mckeann · Post by **mckeann** » Thu Jan 11, 2007 6:25 pm

robin wrote:Neil, you should speculate on the markets with skillz like that - you could make millions

Cheers,
Robin

that was the last of my sensible financial decisions. Weeks later i bought my elise and have never had any money since

gorrie · Post by **gorrie** » Thu Jan 11, 2007 8:27 pm

Just in time... my swap of mortgage lenders completed yesterday.. fixed for 5yrs also.

Alan · Post by **Alan** » Thu Jan 11, 2007 9:38 pm

First time buyer

I had put a few offers in Oct/Nov 06 with no luck, this has severly pissed me off.

jj · Post by jj » Thu Jan 11, 2007 9:42 pm

Alan wrote:this has severly pissed me off.

Not wanting to start a fight, but surely its not that bad? If its less than £20 per£100k as an increase then surely its not going to stop many people from getting on the property ladder..... If anything, it might put people off buying, meaning FTB`s have a better shot at the market (unlikely).

alicrozier · Post by **alicrozier** » Thu Jan 11, 2007 10:12 pm

Bring it on...mortgage paid off in June.