you financial boys and girls..........

[andyb]

Whats the prediction for the interest rate? In particular the mrtgage rate, is it worth committing to a rate now, or waiting another month? please?

[yeti]

My gut feeling, and please rememeber I'm an engineer, noit a financial whiz, is that rates will come down again, but exactly when and by how much is anyone's guess.

The economy is slowing quite dramatically now, and if old GB(H) doesn't want to overdo things, he needs to inject some cash back into the economy, hence MY belief they will drop again.

Ultimately I don't see more than half a percent in the next year though. :sing:

[dickieducati]

according to the financial futures contracts the city are expecting rates to stay pretty much where they are maybe going up 25bp going foward to dec 2007.

dont bother fixing just go for a discounted tracker rate. you should get something under 5% i would say.

the market is not expected a change at the next mpc meeting on the 10th nov.

[Edited on 25-10-2005 by dickieducati]

[andyb]

I could fix at 4.29%..........for 2 years?

[dickieducati]

i never like doing fixes but thats does sound good. i would be tempted myself

[MJS]

You need to look at the arrangement fees, any extended tie-ins and the exit fees when you want to change again.

Quote: 'Taking additional fees and costs into consideration, it's unusual for the lowest headline rate to be the cheapest home loan.'

[yeti]

There is a good site that advises on this. I think it's something like: moneysavingexpert.co.uk but there is a link to it off the Radio 2 website I believe.

[guest1]

www.thisismoney.co.uk

I think it's tied in with daily snail nudespaper

[andyb]

Originally posted by Urban996
You need to look at the arrangement fees, any extended tie-ins and the exit fees when you want to change again.

Quote: 'Taking additional fees and costs into consideration, it's unusual for the lowest headline rate to be the cheapest home loan.'

free valuation free legal fees.............its a "special offer"

[philthy]

Pleeeeese don't keep it to yourself, I'm in the same boat and have a couple of weeks to choose - Any help advice appreciated;)

[andyb]

u2ud!

[madmav]

Andy why are you worrying about a few pounds:D

you have loads to loose yet:D:D:D:D:D:D:D

[Redruth]

Fixing is good for people whose income is unpredictable and they are trying to stay within a foreseeable budget. If your mortgage represents a large chunk of your monthly outgoings, and a 1% hike in interest rates could cripple you, I'd recommend fixing.

I fixed for 2 yrs when I bought this house just so that I know what my mortgage will cost and most fixed rates are competitive at the moment. What's more, you'll kick yourself if interest rates escalate during that potential fixed period and you've stuck with the variable rate.

This advertisements is brought to you by 2penneth.com :D:burn::D:burn:

[Henners]

:lol::lol::lol::lol::lol::lol::lol::lol::lol::lol: :lol::lol::lol::lol::lol::lol:

[MJS]

Originally posted by andyb
Originally posted by Urban996
You need to look at the arrangement fees, any extended tie-ins and the exit fees when you want to change again.

Quote: 'Taking additional fees and costs into consideration, it's unusual for the lowest headline rate to be the cheapest home loan.'

free valuation free legal fees.............its a "special offer"

My other half's looking for a good mortgage at the moment... any chance of sending the details over?

Cheers
Martin

[Crunchy]

It seems you are not the only one having problems with mortgage's

http://news.bbc.co.uk/1/hi/business/4374892.stm

There's also links that maybe helpful

[andyb]

Originally posted by madmav
Andy why are you worrying about a few pounds:D

you have loads to loose yet:D:D:D:D:D:D:D

i resemble that remark............:lol:

[andyb]

Originally posted by Redruth
Fixing is good for people whose income is unpredictable and they are trying to stay within a foreseeable budget. If your mortgage represents a large chunk of your monthly outgoings, and a 1% hike in interest rates could cripple you, I'd recommend fixing.

I fixed for 2 yrs when I bought this house just so that I know what my mortgage will cost and most fixed rates are competitive at the moment. What's more, you'll kick yourself if interest rates escalate during that potential fixed period and you've stuck with the variable rate.

This advertisements is brought to you by 2penneth.com :D:burn::D:burn: :D;)

When your on a low income like me every penny counts.........:D;)

[dickieducati]

andy,

surpirsed you know what a mortgage is?

[andyb]

Originally posted by dickieducati
andy,

surpirsed you know what a mortgage is?

I fear i will know what it is for a long time yet.........well until i die really!:o:(