Originally posted by TheCyclingProgrammer
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60% LTV
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by northernladuk View PostI'm just about to sign my year 5 fixed rate. There is only one way it can go from 1.44% IMO. The more competitive rates save me 20 quid a month so Its a no brainer to me.Old Greg - In search of acceptance since Mar 2007. Hoping each leap will be his last.Comment
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Originally posted by Zigenare View PostI'm just about to pay mine off. Before my Mrs spends my inheritance!
I suspose she is going to find out....Comment
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Originally posted by northernladuk View PostI'm just about to sign my year 5 fixed rate. There is only one way it can go from 1.44% IMO. The more competitive rates save me 20 quid a month so Its a no brainer to me.Comment
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Originally posted by TheCyclingProgrammer View PostYup, I'm thinking the same. It has a £995 booking fee but worth it, broker isn't charging a fee either. I'll need 60%LTV to get it which would require a valuation of £10k more than when it was last valued 3 years ago, touch wood we can get it.Comment
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Originally posted by ladymuck View PostOr, can you risk pulling funds out of yourCo to make a lump sum against your mortagage (assuming you don't incur fees for that)?Comment
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Originally posted by TheCyclingProgrammer View PostYup, I'm thinking the same. It has a £995 booking fee but worth it, broker isn't charging a fee either. I'll need 60%LTV to get it which would require a valuation of £10k more than when it was last valued 3 years ago, touch wood we can get it.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by TheCyclingProgrammer View PostSerious question - our mortgage fixed rate ends in June. I was leaning towards a 3 year fix again but our broker recommended a 5 or 2 year fix as he said the rates were more competitive.
He’s found me a 5 year fix of 1.44% at 60% LTV - can obviously get better rates on a 2 year fix but it seems like a 5 year deal would be a sensible option right now, am I right?
House prices will crash like the stock market in the months ahead. As a result, cheaper housing will become available. On paper you'll be paying more per month in years four / five on your fixed rate compared to someone on a higher rate for the same house just because of a collapse in housing prices.
Therefore if you think you'll be moving in five years from now, think again."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostHouse prices will crash like the stock market in the months ahead.Comment
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Originally posted by northernladuk View PostThat shouldn't be a problem with house prices going up at 1.7% last year and whatever for the 2 years before. I'd be putting a new price at the top end of the market value (but still realistic) to be well within personally. If we do hit a recession and prices drop you want it dropping for a higher value in case it causes LTV issues in the future.
No plans to move though and we would have paid around £30k in capital over that time so even if prices drop I’m not too worried about staying below the 60% threshold when the time comes.Comment
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