Woohoo - rates down to 4.5% lets get massive loans for new scoobs!
08 October 2008, 12:19 PM
#1
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Woohoo - rates down to 4.5% lets get massive loans for new scoobs!
Well why not?
If I can't pay my loan then the government will bail me out
If I can't pay my loan then the government will bail me out
08 October 2008, 12:22 PM
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Yeah, like that new rate is going to passe don to us
Base rate tracker mortages will get it, and obviously banks will be able to borrow at lower rates, but that will be it.
Base rate tracker mortages will get it, and obviously banks will be able to borrow at lower rates, but that will be it.
08 October 2008, 12:28 PM
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Thought the whole idea was get everyone lending ,borrowing,spending again so we can be the great nation that we once were
(well,for a few mad slap it on the credit card years or Gordon's.... 'never going to run out of booze at this one'.....party time as I called it)
Wahoo! We're off again
(well,for a few mad slap it on the credit card years or Gordon's.... 'never going to run out of booze at this one'.....party time as I called it)
Wahoo! We're off again
08 October 2008, 12:53 PM
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The stock markets don't seem too impressed!
London shares dive on UK government rescue - Times Online
http://newsvote.bbc.co.uk/1/shared/f...ew/default.stm
London shares dive on UK government rescue - Times Online
http://newsvote.bbc.co.uk/1/shared/f...ew/default.stm
08 October 2008, 12:55 PM
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08 October 2008, 01:25 PM
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I was worried back in may because my rate of 4.75 was coming off and couldn't get anything under 6 without some stupid "I'm gonna get you sucka!" mortgage fee.
I then noticed that after 4.75 the mortgage would forever track the base rate at +0.99%. So my 5.99 is now going to be 5.49. It won't work because this is panic decisions against a market free fall and they'll do it again by christmas so it will indeed be new scoobs (or ***** according to the wife) all round in the new year
I then noticed that after 4.75 the mortgage would forever track the base rate at +0.99%. So my 5.99 is now going to be 5.49. It won't work because this is panic decisions against a market free fall and they'll do it again by christmas so it will indeed be new scoobs (or ***** according to the wife) all round in the new year
08 October 2008, 01:39 PM
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Think my mortgage is something like 5.79% which it has been since 2005 when i bought my house. 5 year fixed rate at the time seemed a good idea.
Can't afford to pay the bloody thing so makes no difference
Can't afford to pay the bloody thing so makes no difference
08 October 2008, 02:02 PM
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People still forget that it was once fairly normal borrowing at 15%.
5% is incredibly low.
Stock markets seem to be on a rollercoaster.Now down a big chunk again.
Oh,and I'm sure it was an absolutely and entirely independant decision by the B of E ....
5% is incredibly low.
Stock markets seem to be on a rollercoaster.Now down a big chunk again.
Oh,and I'm sure it was an absolutely and entirely independant decision by the B of E ....
08 October 2008, 02:40 PM
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Nobody had a crystal ball mate, just have to do what you feel is right at the time, if you are remortgaging then you have the option of waiting a while I suppose. 
08 October 2008, 02:47 PM
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Our 2 year tracker rate ended in August this year. Around May, everyone was saying 'sort you new product now now now!'. Not knowing what was round the corner, we got a 3 year fixed at £715.00. Think the rate was around 6.25%. Yes, we may lose out in the short term, but atleast we know what we're paying!
08 October 2008, 04:07 PM
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Our 2 year tracker rate ended in August this year. Around May, everyone was saying 'sort you new product now now now!'. Not knowing what was round the corner, we got a 3 year fixed at £715.00. Think the rate was around 6.25%. Yes, we may lose out in the short term, but atleast we know what we're paying!
That siad, at least we know where we are at while things keep bouncing around.
5t.