Current Affairs Mortgages

[NilSatisOptimum]

Will always fix as long as possible, it's a home not a commodity to be gambled, fixed 6 and his before turmoil for 7 years. Certainly paid more in first six, but making a saving already now had we gone the cheaper tracker route.

Remember when embarking on home ownership the broker thinking us as odd we wanted to borrow the least in our circumstances with the deposit we had.

Caution comes from experiencing 80s as child with parents having a mortgage and rates reaching well into teens.

 

[Daveysgingerlovechild]

Will always fix as long as possible, it's a home not a commodity to be gambled, fixed 6 and his before turmoil for 7 years. Certainly paid more in first six, but making a saving already now had we gone the cheaper tracker route.

Remember when embarking on home ownership the broker thinking us as odd we wanted to borrow the least in our circumstances with the deposit we had.

Caution comes from experiencing 80s as child with parents having a mortgage and rates reaching well into teens.

Wholeheartedly agree with this, particularly not borrowing up to one's limit.

Which by a horrible combination of inflated house prices and people getting tempted / being incautious has happened.

 

[Ivo]

Will always fix as long as possible, it's a home not a commodity to be gambled, fixed 6 and his before turmoil for 7 years. Certainly paid more in first six, but making a saving already now had we gone the cheaper tracker route.

Remember when embarking on home ownership the broker thinking us as odd we wanted to borrow the least in our circumstances with the deposit we had.

Caution comes from experiencing 80s as child with parents having a mortgage and rates reaching well into teens.

Just depends when you're deal ends I guess. We fixed for five years almost four years ago, so just a bit unlucky that when we come to renew the rates will be much higher. If we'd have had renewal time six years ago we would have been able to fix again before the rates went up this year. Just luck of the draw I guess.

 

[Tramps_mate]

Will always fix as long as possible, it's a home not a commodity to be gambled, fixed 6 and his before turmoil for 7 years. Certainly paid more in first six, but making a saving already now had we gone the cheaper tracker route.

Remember when embarking on home ownership the broker thinking us as odd we wanted to borrow the least in our circumstances with the deposit we had.

Caution comes from experiencing 80s as child with parents having a mortgage and rates reaching well into teens.

15% my parents paid I think in approx 1982-83 ish... However the house only cost £17k.

House prices have risen much much faster than wages..

Imagine 15% on a £200k mortgage now..

25 years at £2,561 per month!!

Surely interest rates cannot possibly go over 5-6%! It would destroy the country..