davyboy

Time to fix it, if its not gone up already?

Or is this a temporary blip?

BLU

iTrader: (27)

Still low ATM but for how long

I've just come to the end of my fixed term rate and am also wondering wether to fix or not...........

Funkii Munkii

Why are the banks raising the rate when the BoE hasn't raised its rate , is it an attempt to bring more cash into the system so they can start lending more, small businesses etc or greed,

ScoobyWon't

They are just passing on the cost of borrowing to their victims customers. There was some half-arsed attempt to say they had absorbed it up until now, out of the goodness of their hearts.

Funkii Munkii

Ahhhh, how thoughtful of them.......

SirFozzalot

Had a letter yesterday, 1% increase in June and another 0.5% in September

Currently at 2.99%

Terminator X

iTrader: (7)

Link to BoE rate, won't go up for years imho.

TX.

speedking

You think you can out guess the research departments of the major financial institutions?

The only logical reason for fixing IMO is to enable you to plan your monthly outgoings, not in the hope that over the long term you will end up paying less in total.

chocolate_o_brian

iTrader: (22)

Halifax here, going up 0.49% as of may I believe. The joys. My issue being my credit score is capita after being unemployed 3-4 years ago so I very much doubt they would welcome me with open arms should I want to be on a fixed rate package. Booo!!

P1Fanatic

Would be just my luck with my 3yr fix (3.99%) running out in July that rates are starting to go up. Was looking around last week and saw 3.29% 3yr fix (60% LTV) but see thats already gone up to 3.59%

speedking

But what would you have paid on a variable rate over that time?

Looking here 4% is at the top of the range anyway.

andys

.2% above BOE for me, can not see it going up anytime soon.

Leslie

Better than the 15%+ they were charging some 20 years ago!

Les

gpssti4

iTrader: (6)

That would be me screwed then at nearly £4k a month!

P1Fanatic

Do you mean on SVR or Tracker? No doubt less but irrelevant for me as paying a large mortgage by myself after buying ex out so wanted the security that monthly payments would never increase.

Now in a better position i.e. financially and my soon to be wife going joint. So will have to have a better look around but I do prefer the security. After reading that article I quite like the sound of a tracker to fixed option.

Sy5

iTrader: (6)

We're fixed with HSBC at 3.99. The week we applied it was 3.49 but because we didn't pay the fee lost that rate as it went up the next day. Mind you HALIFAX wanted over 6% for the same mortgage and an extra £600 in fees. We had a valuation from the HALIFAX and they under valued our house so we missed the ltv thus had a higher rate. HSBC valued 11k more and it matched zoopla.

Jamescsti

I've been riding on the SVR for the last 2 years now at about 2.3% with Cheltenham and Gloucester, I'm sure I will get a hike at some point in the next couple of months.

SamUK

iTrader: (1)

im on 3.49% though at then end of the term...so either i fix for another 5 years near this amount or i go back to the banks rate of 4%..

Not sure what to do..i had to put a large deposit down to get this rate 2 years back!

Cocker

iTrader: (3)

Read yesterday in the Evening Standard the BoE wont raise interest rates to at least mid 2014. Hope its true as i am on Base + .89%