FabSwingers.com forum: Mortgage

By *unfriendly 123 OP Man
over a year ago

boston

How has mortgage interest rate change effect you

I'm still locked in atm

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By (user no longer on site)
over a year ago

Luckily I’m locked in for another 3

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By *unfriendly 123 OP Man
over a year ago

boston

I've herd some have gone up 400 and gna go up again next year

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By *lofeldMan
over a year ago

Redhill

Locked for over 3 years thank fuck. Hopefully things will have settled down by then but bad times for some.

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By (user no longer on site)
over a year ago

Mines going up steadily x

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By (user no longer on site)
over a year ago

Nobodysy is going down is it?

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By (user no longer on site)
over a year ago

But ..let's be honest..you all own your own homes...which are going up in value every year...there's more to complain about surely.. cmon.

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By *en_Dover79Man
over a year ago

Oswaldtwistle

changed to fixed 4 weeks ago for 10 years.. gone down £60 a month so all good

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By (user no longer on site)
over a year ago

"But ..let's be honest..you all own your own homes...which are going up in value every year...there's more to complain about surely.. cmon."

Homes might be going up in value , but the monthly payments might become unaffordable for some especially if you are a one income household like myself

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By (user no longer on site)
over a year ago

"But ..let's be honest..you all own your own homes...which are going up in value every year...there's more to complain about surely.. cmon."
rather naive quote that!

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By (user no longer on site)
over a year ago

"changed to fixed 4 weeks ago for 10 years.. gone down £60 a month so all good"
now this is the good news stuff we like to read

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By *m3232Man
over a year ago

maidenhead

Paid mine off this year so luckily no affect and it’s a good feeling

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By *rdepRomaMan
over a year ago

Cardiff

"But ..let's be honest..you all own your own homes...which are going up in value every year...there's more to complain about surely.. cmon."

I don't see how that can help you paying your mortgage every month?

I'm not selling my house every month ...

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By *dd_soxMan
over a year ago

Suffolk

Mortgage free

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By *omRachCouple
over a year ago

Wirral

We have just 12 months left on our current fixed rate

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By *unfriendly 123 OP Man
over a year ago

boston

Thinking of getting a lodger in

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By *mizhereMan
over a year ago

belfast area

Feel sorry for all those who missed out on fixed rates

Daughters in that boat had offers withdrawn so house moves on hold

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By (user no longer on site)
over a year ago

I'm a year into on a 5 year fixed rate, by which point it will be paid off thank goodness

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By *agerMorganMan
over a year ago

Canvey Island

Priced out the market right now. And I say that as a guy earning £70K a year. It’s NOT pretty.

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By (user no longer on site)
over a year ago

Locked in till 2024 then paying it off I feel for those that can't or get one.my daughter pays 1300 rent but can't get a mortgage for 800

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By (user no longer on site)
over a year ago

"Locked in till 2024 then paying it off I feel for those that can't or get one.my daughter pays 1300 rent but can't get a mortgage for 800 "

Same thankfully

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By (user no longer on site)
over a year ago

"Priced out the market right now. And I say that as a guy earning £70K a year. It’s NOT pretty.

You could buy elsewhere in the country as a buy to let. It gets you on the property ladder, allows for capital growth and you can choose an area with high yield.

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By (user no longer on site)
over a year ago

"Locked in till 2024 then paying it off I feel for those that can't or get one.my daughter pays 1300 rent but can't get a mortgage for 800

Same thankfully

This should change now affordability has been scrapped.

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By (user no longer on site)
over a year ago

Managed to get a 3 year fixed rate last month.

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By *UGGYBEAR2015Man
over a year ago

BRIDPORT

I’m one of those annoyingly smug gits that has paid theirs off.

To be fair though, when I was paying a mortgage the interest rate was well into double figures.

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By *naswingdressWoman
over a year ago

Manchester (she/her)

Fortunately I've paid mine off

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By (user no longer on site)
over a year ago

Got another year locked in, do want to think what is gonna be like next year

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By *luebell888Woman
over a year ago

Glasgowish

"Fortunately I've paid mine off"

Mine was paid of before I left the family home so now im back to square one. Luckily at the moment mine is fixed .

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By *atnip make me purrWoman
over a year ago

Reading

"Mortgage free"

Me too.

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By (user no longer on site)
over a year ago

Kicking myself because I could have fixed last month at about 3%. I am on a tracker rate because I keep thinking I will sell up so want that freedom. Now looking to fix at nearer 5% for 2 years as in all likelihood I cant move anyway as where would I go with the rental market also being crazy. Nightmare.

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

I took a short fix at 1.19 which ends in a year so I’m basically screwed , but tbh the 5-7 year fixes weren’t great because everyone knew they could only go one way. I’m overpaying the max each month

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By (user no longer on site)
over a year ago

Done with that shit pleased to say.

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By *rHotNottsMan
over a year ago

Dubai & Nottingham

"I’m one of those annoyingly smug gits that has paid theirs off.

To be fair though, when I was paying a mortgage the interest rate was well into double figures. "

Nothing smug about that ! Its a choice many people make for peace of mind; although financially it’s nearly always the wring decision.

I choose to be in debt for the HR tax reliefs of pension investment and to maximise capital gain on property . I have always leveraged low rates to borrow as much as possible for property and business

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By (user no longer on site)
over a year ago

My mortgage was signed just before the rates went crazy, so thankful for that. It's fixed for 2 years, at the end i might move as this house is to big for us.

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By (user no longer on site)
over a year ago

7 more years at 2 and a bit - foresight, or luck? Both...

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By (user no longer on site)
over a year ago

I set mine at a 10 year fixed date 4 years ago, if I could have got it longer then I would have.

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By (user no longer on site)
over a year ago

on a couple of BTL's they had another 18 months to go on the fixed. We paid penalities and got new deals with the same bank at a fraction under 4% for 5 years. The previos rates were 2.9%

Cost us a few thousand but will recover the costs over the next couple of years.

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