Hurrah, we're not all doomed...

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Hurrah, we're not all doomed...
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sean
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 42208
Location: North Devon

Posted: Wed Apr 09, 08 12:52 pm Post subject: Hurrah, we're not all doomed...
We just have to move our mortgages to HSBC. BBC

Fee

Joined: 21 Mar 2005
Posts: 15922
Location: Earth

Posted: Wed Apr 09, 08 1:16 pm Post subject:
Looks promising, I'll get Paul on the case as our fixed rate 2 years has just ran out, new rate is at 6.2% with Woolwich (or should I say, Barclays)!! Hmmm, def. looks good!

Northern_Lad

Joined: 13 Dec 2004
Posts: 14210
Location: Somewhere

Posted: Wed Apr 09, 08 1:18 pm Post subject:

Fee wrote:

... with Woolwich (or should I say, Barclays)!!

Hmm. Not happy with my mortgage now. Ho hum, still got a good rate though, so no point in moving at the moment. Only 18.5 years to go...

Jonnyboy

Joined: 29 Oct 2004
Posts: 23956
Location: under some rain.

Posted: Wed Apr 09, 08 1:25 pm Post subject:
Anybody have one of those all in one accounts?

Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Wed Apr 09, 08 1:26 pm Post subject:
Now, where can I get a large Fee to put down?

Northern_Lad

Joined: 13 Dec 2004
Posts: 14210
Location: Somewhere

Posted: Wed Apr 09, 08 1:28 pm Post subject:

Jonnyboy wrote:

Anybody have one of those all in one accounts?

Looked at it and it just didn't look right. They do work, provided you've got a lot of cash already in the bank. If you've only a couple of grand they they appear to work out more expensive from my observations.

Jonnyboy

Joined: 29 Oct 2004
Posts: 23956
Location: under some rain.

Posted: Wed Apr 09, 08 1:28 pm Post subject:

Fee

Joined: 21 Mar 2005
Posts: 15922
Location: Earth

Posted: Wed Apr 09, 08 1:33 pm Post subject:

Nick wrote:

Now, where can I get a large Fee to put down?

I'm not worth that much

Looking at the HSBC Fixed rate deal, there are fees for overpayments, so not really any good for us, the tracker looks interesting though.

Treacodactyl
Downsizer Moderator

Joined: 28 Oct 2004
Posts: 25795
Location: Jumping on the bandwagon of opportunism

Posted: Wed Apr 09, 08 2:01 pm Post subject:

Quote:

new customers will have to put down a minimum 20% deposit, and they will be charged a large fee.

Assuming you'll need to get your house revalued some people might get a shock if they've only owned for a year or two.

Yesterday I resisted the temptation to misleadingly post up that house prices were falling by an annualised 30% (based on the 2.5% fall for last month), but even if they fall by 10% this year it could cause problems for people re-mortgaging as their LTV could get worse. Might be worth doing a few sums if you need to.

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Wed Apr 09, 08 5:17 pm Post subject:

Northern_Lad wrote:

Jonnyboy wrote:

Anybody have one of those all in one accounts?

They're nice if you need to sit on money - say, if you're self employed and need to stash the tax-man's share somewhere for a bit.......

MarkS

Joined: 01 Aug 2006
Posts: 2626

Posted: Wed Apr 09, 08 5:40 pm Post subject:
nothing to see.

Penny Outskirts

Joined: 18 Sep 2005
Posts: 23385
Location: Planet, not on the....

Posted: Wed Apr 09, 08 6:10 pm Post subject:
Prices have to fall now - banks are not going to lend more that 3 times salary with a good deposit anymore, so prices must come down, to fit people's salary and those criteria. Think we'll just carry on renting for now...

Bebo

Joined: 21 May 2007
Posts: 12590
Location: East Sussex

Posted: Wed Apr 09, 08 9:30 pm Post subject:
Haven't got a mortgage anymore - sorry to gloat

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Wed Apr 09, 08 9:36 pm Post subject:

Bebo wrote:

Haven't got a mortgage anymore - sorry to gloat

Have got a fixed rate for the term mortgage, so will gloat in smaller letters.

Haven't got a house though, damn.

Bebo

Joined: 21 May 2007
Posts: 12590
Location: East Sussex

Posted: Wed Apr 09, 08 9:40 pm Post subject:

Rob R wrote:

Bebo wrote:

Haven't got a mortgage anymore - sorry to gloat

Have got a fixed rate for the term mortgage, so will gloat in smaller letters.

Haven't got a house though, damn.

Bugger, can't be fun having a mortgage on an imaginary house

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