Mortgages - why the difference?

[tinycowboy]

I'm tempted, but think its an indication of long term rates for a while yet. It also restricts overpayment to 10% pa.

If it gets to 1.75% will do it.

These are incredible rates (I think) for a 5-year fix. I'm happy to pay the redemption fee on my current 5 year 3.39% and lock this in. A few years ago, I incorrectly thought that the rates couldn't last, but these are fairly unpredictable times, hence my current choice.

 

[Tubby-McFat-Fuc]

Very interesting thread. In my naivety, surely a strength of remaining in Europe would be if we could benefit from this?

So surely a reason to get out of the EU, as we are in it, have been for years, and DO NOT benefit from this!

 

[Two Professors]

The Germans don't obsess about home-ownership like we do.When I lived there rents were very cheap,with a lot of very new stock because so much was destroyed by some unpleasantness during the 1940's.Hard to get excited about owning something a tank or bomb could reduce to dust in short order,so to a certain extent, supply and demand might have an effect on interest levels.

 

[chimneys]

- should add the 1.99% rate is a no upfront fee whatsover rate so not as cheap a domestic rate as is probably out there.

HSBC 2 year fix: 1.24% with a £1, 499 fee, 1.49% plus £999 fee or 1.84% no fee, all max 60% LTV.

 

[Bombadier Botty]

HSBC 2 year fix: 1.24% with a £1, 499 fee, 1.49% plus £999 fee or 1.84% no fee, all max 60% LTV.

That 1.84% is fantastic if a high street rate, i.e. not through an intermediary.

 

[chimneys]

That 1.84% is fantastic if a high street rate, i.e. not through an intermediary.

HSBC don't deal with intermediaries (or at least don't pay them). Advertised direct on their website.