Possible house move

[Cavetroll87]

I'm not sure ill ever be mortgage free, although I remortgaged my place today and saved myself £240 a month so I'm very happy!

[C00kiemonster]

I'm not sure ill ever be mortgage free, although I remortgaged my place today and saved myself £240 a month so I'm very happy!

Mortgages are very cheap at the moment but i cant see that lasting, so now is the time to remortgage thats for sure!

[Blade]

Best mortgage I had was a lifetime tracker at 0.19% above boe base rate. Not far of 0% finance mortgage.

The base rate was 0.25% for a long time.

We were lucky with low rates. Good link to historical rates below shows the rate can be alot higher.

https://www.bankofengland.co.uk/boeapps/iadb/Repo.asp" onclick="window.open(this.href);return false;

[Cavetroll87]

already seeing rates going up last few weeks, not massive amounts, but deffo small increases here and there

[Cav]

Best mortgage I had was a lifetime tracker at 0.19% above boe base rate. Not far of 0% finance mortgage.

The base rate was 0.25% for a long time.

We were lucky with low rates. Good link to historical rates below shows the rate can be alot higher.

https://www.bankofengland.co.uk/boeapps/iadb/Repo.asp" onclick="window.open(this.href);return false;

1976/77 was a busy year...

Mon, 28 Nov 1977 7.0000
Mon, 17 Oct 1977 5.0000
Mon, 10 Oct 1977 5.5000
Mon, 19 Sep 1977 6.0000
Mon, 12 Sep 1977 6.5000
Mon, 15 Aug 1977 7.0000
Mon, 08 Aug 1977 7.5000
Mon, 16 May 1977 8.0000
Mon, 02 May 1977 8.2500
Mon, 25 Apr 1977 8.7500
Mon, 18 Apr 1977 9.0000
Tue, 12 Apr 1977 9.2500
Thu, 31 Mar 1977 9.5000
Mon, 21 Mar 1977 10.5000
Thu, 10 Mar 1977 11.0000
Thu, 03 Feb 1977 12.0000
Mon, 31 Jan 1977 12.2500
Mon, 24 Jan 1977 13.2500
Mon, 10 Jan 1977 14.0000
Wed, 29 Dec 1976 14.2500
Mon, 20 Dec 1976 14.5000

[Kwacky]

Could you imagine the state of the housing market if we saw anything like those interest rates?

[Kwacky]

Blade, we're currently on a 5 years 0.25% above base rate mortgage.

[Monty]

They were higher than that in the eighties, but then the mortgage value was also much lower than today.

[Blade]

Blade, we're currently on a 5 years 0.25% above base rate mortgage.

That is a dam good deal buddy

Who is that with?

[Cavetroll87]

Could you imagine the state of the housing market if we saw anything like those interest rates?

Considering the panic we see with people when they announce a rise of 0.25% I dread to think what would happen

[Kwacky]

Blade, we're currently on a 5 years 0.25% above base rate mortgage.

That is a dam good deal buddy

Who is that with?

We got it with Santander

[C00kiemonster]

Could you imagine the state of the housing market if we saw anything like those interest rates?

Considering the panic we see with people when they announce a rise of 0.25% I dread to think what would happen

The banking system would collapse as there would be too much default. Problem for economists is now that there is so much debt in the UK that larger interest rate rises are not an option due to this.

The UK is totally at the mercy of world markets and economics now and couldnt protect itself if it tried. It could devalue the currency but that wouldnt work for long.

When money is cheap and borrowing is easy it's great to prop up an economy, but it damages it's stability and long term prosperity. Great for politicians mind...

[Kwacky]

The house goes on the market tomorrow.

It's been valued at £10k more than I thought it would be. That gives us some wriggle room as the electrics need upgrading.

We've put a tentative offer in on the other house. We can't make a formal offer as we've not sold our own property but at least we've registered our interest.

I have very mixed emotions about this. I really do like the house we're in.

[C00kiemonster]

The house goes on the market tomorrow.

It's been valued at £10k more than I thought it would be. That gives us some wriggle room as the electrics need upgrading.

We've put a tentative offer in on the other house. We can't make a formal offer as we've not sold our own property but at least we've registered our interest.

I have very mixed emotions about this. I really do like the house we're in.

I think it's a case of see what happens - if it's not meant to be then problems will arise, if you are then it'll happen.

I know what you mean about your current house, you guys are comfy there, but sometimes it's worth a change - plus it will make all of your lives a little easier, once the new one is sorted.

Plus, when you've moved and extended i can come and stay

I'm wishing you guys good luck

[Kwacky]

Any spare space will be made into a tarantula room

[D41]

How many spiders do you have?

[Kwacky]

About 80.

[C00kiemonster]

Any spare space will be made into a tarantula room

I'll buy you a doorlock as a housewarming present

[D41]

WHAAAAT??

I thought you were going to say three or four!!

[C00kiemonster]

WHAAAAT??

I thought you were going to say three or four!!

He's not joking.