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SteveCarter200
22-07-2004, 12:47
Whats the interest rate at the moment? I'm soon coming off a fixed rate deal onto variable and got a letter this morning saying it will be at 6.5%. Isnt that a bit high?

Ta.:)
StuyMac
22-07-2004, 12:49
Think mine is at about 5.1% at the moment.
arry
22-07-2004, 12:49
sorta depends on how much the mortage is for really but yes it is a touch high. I've been speaking to people on deals around 5%
SteveCarter200
22-07-2004, 12:50
sorta depends on how much the mortage is for really but yes it is a touch high. I've been speaking to people on deals around 5%

£54K.:)
Bean
22-07-2004, 12:53
I was lucky enough to get a fixed rate 3 year term for 4.79%, this was last December before the two interest rises.

AND that was on a mortgage size 3x your one! :indiff:

Shop around and see what deal you can get.
arry
22-07-2004, 12:54
yeah, does sound a bit high then mate
SteveCarter200
22-07-2004, 12:56
One problem I have is I'm currently unemployed so remortgaging could be a problem.

Would be nice to get some cash back from a new deal though, my car needs stuff.:)
arry
22-07-2004, 12:56
HAve a look here steve:

http://mortgages.charcolonline.co.uk/

dont forget to check whether there's any penalties for opting out of your current deal if you do decide to move it elsewhere :thumbs:
edit: fcuk yeah, forgot you're out of work :( You could try blagging your current company I guess, saying you're going to move it elsewhere ;)
StuyMac
22-07-2004, 12:58
I was considering a super rate high capped, low capped, variable interest fixed rate mortgage with flexably fixed interest cash back :D :D :D







:confused:

Im actually surprised I still have a house :rolleyes:
RohanC
22-07-2004, 12:58
My tracker is ~ 4.6% ATM IIRC.

Seen a few adverts for fixed for 3 years @ ~ 5.2% (6.6% APR) check out www.moneyfacts.co.uk
Martin T
22-07-2004, 20:27
Whats the interest rate at the moment? I'm soon coming off a fixed rate deal onto variable and got a letter this morning saying it will be at 6.5%. Isnt that a bit high?

Ta.:)
Not sure on this one but I think there is some recent legislation where mortgage companies cannot knock their customers - and if you are paying over the odds can demand they reduce it. Either that or the gov't were talking about introducing it.

What I know however, is that by law every time a fixed/capped period ends the lenger is legally obliged to offer another fixed/capped period!
Use this to your advantage.
Just because you are unemployed does not give the w@nkers that lend you money a right to rip you off.