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Post by Trowel 🏴 on Jun 19, 2023 8:50:59 GMT
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askew
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Post by askew on Jun 19, 2023 9:25:38 GMT
geefe maybe one of those peer-to-peer lending initiatives? Otherwise some sort of building society…
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askew
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Post by askew on Jun 19, 2023 9:26:47 GMT
A very middle-class mortgage |
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zagibu
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Post by zagibu on Jun 19, 2023 10:22:06 GMT
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Deleted
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Post by Deleted on Jun 19, 2023 10:53:09 GMT
Can we rename this thread the Geefe humblebrag thread.
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sport✅
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notice me senpai
I want to claim my tits
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Post by sport✅ on Jun 19, 2023 12:02:23 GMT
Can we rename this thread the Geefe humblebrag thread. Or, how geefe saved the world, one base point at a time. |
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Post by Syrette on Jun 19, 2023 12:37:59 GMT
If anyone does know of a bank that isn't total cunts then please let me know. It's a prerequisite, so good luck with that. |
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mcmonkeyplc
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Post by mcmonkeyplc on Jun 19, 2023 14:45:50 GMT
Mortgage is up for renewal in Oct 2024. I thought we'd be able to ride out the storm and be on the wave down but no. We're fucked too.
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Post by rhaegyr on Jun 19, 2023 14:54:05 GMT
We were incredibly lucky and got a 5 year fixed rate this time last year as our renewal was due - think it's about 1.5%.
Could be even worse in 5 years time, mind.
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Post by Dougs on Jun 19, 2023 15:02:27 GMT
Mortgage is up for renewal in Oct 2024. I thought we'd be able to ride out the storm and be on the wave down but no. We're fucked too. Same here. Might stabilise back down to 5% or so but that's about it. |
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mcmonkeyplc
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Post by mcmonkeyplc on Jun 19, 2023 15:03:29 GMT
Mortgage is up for renewal in Oct 2024. I thought we'd be able to ride out the storm and be on the wave down but no. We're fucked too. Same here. Might stabilise back down to 5% or so but that's about it. Yeah that's what I'm hoping for. Previously I was thinking we should easily be able to get 4.5%  |
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Post by anthonyuk on Jun 19, 2023 15:12:54 GMT
We renewed in December and went for a lifetime fix (admittedly wasn't aware this was even a thing at the time) ours is 4.2% which is higher than we wanted, but is now fixed for life. My partner especially just wanted the peace of mind of a set payment that wouldn't change above all else.
This was through Kensington Mortgages, a smaller provider though I believe it was recently bought by Barclays
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Post by clemfandango on Jun 19, 2023 15:13:59 GMT
I'm fucked, ours is due in September. Currently going from £1850.00 per month to £2600.00 per month.
My only hope is the energy fuel cap reduction in July might stimulate the market a bit and inflation starts to come down quickly...
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Post by clemfandango on Jun 19, 2023 15:15:22 GMT
So glad I booked that stupidly expensive holiday for my wifes 50th...
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Post by dfunked on Jun 19, 2023 15:19:24 GMT
rhaegyr we were fairly lucky and started talking to our mortgage advisor in August/September last year. Got a 5 year fixed locked in ready to switch to in December, then the mini budget happened and we spent the next few months thinking the lender was going to pull the offer. It was 3.24% mind you so still not great, but could've been a fuckload worse.
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nazo
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Post by nazo on Jun 19, 2023 18:11:07 GMT
We just renewed for 2 years, fixed at 4.29%, really wished we’d gone for longer now. It sounds like interest rates are only going one way for the foreseeable.
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Post by jeepers on Jun 19, 2023 18:22:08 GMT
Our ten year expires in late 2026. If things aren’t any better by then, the mortgage will be the least of my worries.
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Nitrous
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Post by Nitrous on Jun 19, 2023 19:17:25 GMT
Our fix at 1.87% ends in April 2027.
Currently paying £414 and overpayment of £125 and I'm hoping things start to improve by then.
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Post by knighty on Jun 19, 2023 19:29:40 GMT
Paying 414?! A month? What’s the worst that can go to? Surely not that bad?
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Post by TheSaint on Jun 19, 2023 19:32:28 GMT
All relative though init.
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Post by jeepers on Jun 19, 2023 19:42:10 GMT
I heard that some of the working class have mortgages of less than 30k per month.
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Frog
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Post by Frog on Jun 19, 2023 19:42:44 GMT
Those proles don't deserve property.
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Post by clemfandango on Jun 21, 2023 13:11:00 GMT
Anybody know how easy it is to switch your existing mortgage onto interest only for a couple of years, my deal is up end of September and I'm looking at a jump of £700.00 per month which I may be able to negate if I switch to interest only. Is it an easy switch?
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mcmonkeyplc
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Post by mcmonkeyplc on Jun 21, 2023 13:34:20 GMT
Our glorious PM was going on about how they're making it easier for bank to switch us to interest only today...so I assume it's a thing.
But...Tory.
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Rich
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Post by Rich on Jun 21, 2023 13:49:29 GMT
I know it will really help some people but he was trying to sell it as some marvellously benevolent thing the Tories have done. As opposed to the reality where it just allows people to pay the banks and this not lose their house, without actually paying off their mortgage.
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Post by Dougs on Jun 21, 2023 13:57:05 GMT
Speak to a mortgage advisor imo. A whole market one. Did a worst case scenario based on 8% interest, with inheritance bringing the capital down quite a bit - would be paying the same as now, which is already a struggle some months. But without that, we would be proper up shit creek.
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mcmonkeyplc
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Post by mcmonkeyplc on Jun 21, 2023 14:44:24 GMT
worst case of 8%  I did 6%... /recalc Skin of our teeth |
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mcmonkeyplc
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Post by mcmonkeyplc on Jun 21, 2023 14:47:36 GMT
To the point I was making in the other thread, we're basically moving every single spare penny into overpayments now.
Enough people do that and the economy is fucked.
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Post by Dougs on Jun 21, 2023 15:02:41 GMT
I get it, I do (although I think I agree that putting it in savings given interest rates is better than over-paying). The economy is fucked already though. Only avoided a recession so far by the skin of our teeth and can't see it improving.
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Post by dfunked on Jun 21, 2023 15:26:20 GMT
Just dumping £250 or £400 into a monthly saver isn't necessarily going to beat mortgage interest rates, though. My club Lloyds one for example is 6.25%, but the amount I'd actually get at the end of the year is closer to half that.
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