Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: MarkG on 19 December 2008, 09:31:36

Title: What Mortgage Interest Rate Are You On?
Post by: MarkG on 19 December 2008, 09:31:36
I'm really hacked off with my lender (The Nottingham). I am on 2% lower than their SVR but the trouble is they only dropped their SVR 0.75 % after the first Bank on England 1.5% reduction and then left the SVR where it was after the last 1% reduction. Wish I'd gone for a tracker now.

So the bottom line is I am on 4.49%. How about you lot?
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Elite Pete on 19 December 2008, 09:41:30
I think ours is about 5.72 fixed for the next four years so we're considering paying the penalty for coming out of the agreement early and finding something cheaper.
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Jimbob on 19 December 2008, 09:41:36
I am paying just 2%

Sorry!
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Marks DTM Calib on 19 December 2008, 09:44:40
3.99% and have been for the last 5 years.

This expires in January so will be looking for a new deal!
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Entwood on 19 December 2008, 09:49:12
No longer have a mortgage ... but savings rates don't really help those on a pension/savings income...

Bank "Savings" rate now 0.08% ... before tax !!
ISA rate 2.76% (and probably coming down soon according to todays news)
Building Society rate has dropped from 6.4% to 4.33% before tax (also about to drop again)

You can get better ISA deals for "new" money.. but most don't allow transfers in, so they get you to join at a decent rate, then drop it and trap you.

According to the "Financial experts" (???) the country has 6 savers for every borrower, but should have 8 to "balance the books" .. yet with such low rates there is no encouragement to save ..... :(
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Dusty on 19 December 2008, 11:07:12
Quote
I'm really hacked off with my lender (The Nottingham). I am on 2% lower than their SVR but the trouble is they only dropped their SVR 0.75 % after the first Bank on England 1.5% reduction and then left the SVR where it was after the last 1% reduction. Wish I'd gone for a tracker now.

So the bottom line is I am on 4.49%. How about you lot?

Same here,but not too bad considering that Mr Dusty and I had a self certification mortgage (liar loan :-*) with Bristol and West :-* :-*

Banks should be forced to pass on all rate reductions in my opinion,and not to be given the option to do as they see fit.

The banks are dismissive of the government,and dismissive of the british people. :-? :-* :-* :-*
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Dusty on 19 December 2008, 11:13:56
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I am paying just 2%

Sorry!

So you should be ,when we are all paying much more. ;D ;D ;D ;D

How do you pay only 2%,do you work for a bank?. :-* :-* :-* :-*

Title: Re: What Mortgage Interest Rate Are You On?
Post by: tunnie on 19 December 2008, 11:28:26
Quote
Quote
I am paying just 2%

Sorry!

So you should be ,when we are all paying much more. ;D ;D ;D ;D

How do you pay only 2%,do you work for a bank?. :-* :-* :-* :-*


Must be a tracker, bank of england is at 2%
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Jimbob on 19 December 2008, 11:44:47
Quote
Quote
I am paying just 2%

Sorry!

So you should be ,when we are all paying much more. ;D ;D ;D ;D

How do you pay only 2%,do you work for a bank?. :-* :-* :-* :-*



How did you guess!

Nowt to do with finance though, purely IT

But does mean we get preferential rates  :y
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Mr Skrunts on 19 December 2008, 11:48:37
Quote
No longer have a mortgage ... but savings rates don't really help those on a pension/savings income...

Bank "Savings" rate now 0.08% ... before tax !!
ISA rate 2.76% (and probably coming down soon according to todays news)
Building Society rate has dropped from 6.4% to 4.33% before tax (also about to drop again)

You can get better ISA deals for "new" money.. but most don't allow transfers in, so they get you to join at a decent rate, then drop it and trap you.

According to the "Financial experts" (???) the country has 6 savers for every borrower, but should have 8 to "balance the books" .. yet with such low rates there is no encouragement to save ..... :(

In the same boat as you.  Am with YBS ans was on 6.5 % Gross, Dropped to 4.5%

Halifax rates are now a farce for savars.
Title: Re: What Mortgage Interest Rate Are You On?
Post by: markey mark on 19 December 2008, 11:55:42
i am on base rate + 1.95% so 3.95% at the min !! :y
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Dusty on 19 December 2008, 12:07:27
Quote
Quote
Quote
I am paying just 2%

Sorry!

So you should be ,when we are all paying much more. ;D ;D ;D ;D

How do you pay only 2%,do you work for a bank?. :-* :-* :-* :-*



How did you guess!

Nowt to do with finance though, purely IT

But does mean we get preferential rates  :y

Yes Jimbob,a friend of mine used to work for a bank.

She got preferential rates too.

So I guessed that may the same with yourself. :-* :-* :-*
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Jimbob on 19 December 2008, 12:12:23
Yup, at the moment anyway,  who knows what the new year will bring  :-?
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Lazydocker on 19 December 2008, 12:21:34
Base rate +1.24 ;D ;D :y :y
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Kevin Wood on 19 December 2008, 12:58:12
I think we're on 2.8% at the moment. Lifetime tracker, and I was expecting it to bottom out at 3% but Halifax are obviously feeling generous.

Kevin
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Martin_1962 on 19 December 2008, 13:29:12
Tracker on +0.99 currently 3.99% expecting a drop to 2.99% very soon.
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Markie on 19 December 2008, 14:12:20
3.49%, and expected to fall soon.

Out of tie in period so no rush to tie back in again whilst they remain low - and they will for another year at least !
Title: Re: What Mortgage Interest Rate Are You On?
Post by: r1 on 20 December 2008, 01:26:55
none i rent
Title: Re: What Mortgage Interest Rate Are You On?
Post by: stuart30 on 20 December 2008, 10:11:01
Jesus you lot should count ya selves lucky....im stuck with good old Northern rock 5.84%.

I say stuck as credit history is now in tatters due too reclaiming bank charges...... :(
Title: Re: What Mortgage Interest Rate Are You On?
Post by: Jim on 20 December 2008, 11:50:28
4.75% for the last 2 years and fixed for another 2 years at that rate ::)