I went for a 5 year fix, 3.85%, in September 2024. This was because I couldn’t afford the monthly on a 2 or 3 year fix and figured that annual pay increase of 3% or so would make it a bit more palatable by the end of the third or fourth.
Since then, I’ve been delighted with having locked it in so long. I’m glad I’m not looking at finding a new deal for September of this year.
Admirable_Aspect_484 on
Looked at a modest 3-bed flat in London recently, and the mortgage + service charge fees would have been absolutely ruinous
MuthaChucka69 on
The british banks only made 45 billion pre tax profit last year they can’t absorb any more costs.
FuckingBastardCunts on
I’ve resigned myself to the knowledge I shall never own my own home.
PickCells on
Locked in at 4.05% on a five year last October as things were coming down, overall given the state of things right now I’m quite relieved I won’t have to deal with it for a while. My thoughts go out to those having to remortgage soon…
sheffieldpud on
We locked in 5 years ago at 2.1%, due for renewal end of this month. Pain.
fgalv on
My 1.6% 5 year fix ends next year. A financially life changing snap decision I made after a string of 2 year fixes (had a hunch we were about to have a period of interest rises).
Not looking forward to my new payments.
LiamJonsano on
Locked in a 2 year literally like 3 weeks ago, wishing id done a 5 year now but ill cross that bridge in 2 years now…
CallComfortable7155 on
Sat with another 3 years (of a 5 year deal) at 5.29% 😭
FlaviousTiberius on
No surprise that the number of people staying with their parents is rising. The alternatives are pay extortionate rent or play Russian Roulette with interest rates on a mortgage. Or live in a cramped HMO and pay £400 a month for the privilege, and that’s outside London.
11 commenti
Locked in at 3.2% just before Liz truss
It’s due in 2027
I hope something is sorted by then
I went for a 5 year fix, 3.85%, in September 2024. This was because I couldn’t afford the monthly on a 2 or 3 year fix and figured that annual pay increase of 3% or so would make it a bit more palatable by the end of the third or fourth.
Since then, I’ve been delighted with having locked it in so long. I’m glad I’m not looking at finding a new deal for September of this year.
Looked at a modest 3-bed flat in London recently, and the mortgage + service charge fees would have been absolutely ruinous
The british banks only made 45 billion pre tax profit last year they can’t absorb any more costs.
I’ve resigned myself to the knowledge I shall never own my own home.
Locked in at 4.05% on a five year last October as things were coming down, overall given the state of things right now I’m quite relieved I won’t have to deal with it for a while. My thoughts go out to those having to remortgage soon…
We locked in 5 years ago at 2.1%, due for renewal end of this month. Pain.
My 1.6% 5 year fix ends next year. A financially life changing snap decision I made after a string of 2 year fixes (had a hunch we were about to have a period of interest rises).
Not looking forward to my new payments.
Locked in a 2 year literally like 3 weeks ago, wishing id done a 5 year now but ill cross that bridge in 2 years now…
Sat with another 3 years (of a 5 year deal) at 5.29% 😭
No surprise that the number of people staying with their parents is rising. The alternatives are pay extortionate rent or play Russian Roulette with interest rates on a mortgage. Or live in a cramped HMO and pay £400 a month for the privilege, and that’s outside London.