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HSBC 2 Year Fixed Fee Saver Mortgage @ 1.49% - no fee @ 60% LTV
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HSBC 2 Year Fixed Fee Saver Mortgage @ 1.49% - no fee @ 60% LTV

24
Posted 10th MayEdited by:"ScrambledEggs44"
60% Maximum Loan to Value (LTV)
MortgageInitial interest rate*Followed by a Variable Rate, currently*Initial interest rate period*Overall cost for comparison (APRC)*Booking fee*Annual overpayment allowance*Maximum loan amount2 Year Fixed Fee Saver
1.49%
fixed

Your home may be repossessed if you do not keep up repayments on your mortgage.
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silently waiting for the mortgage rates and the fuel to drop even more
With rates this low, you'd be better off locking in for 5 years (1.59%)
hotukdeals.com/dea…092
24 Comments
silently waiting for the mortgage rates and the fuel to drop even more
Boe wont/cant drop rates any more lol
djames10810/05/2020 12:58

Boe wont/cant drop rates any more lol


Is not only BoE in this chain
ScrambledEggs4410/05/2020 12:59

Is not only BoE in this chain


True but like petrol as wholesale interest rate drops so does interest rates to consumers

Point being the boe rate wont drop anymore and if it does it will be negligible
With rates this low, you'd be better off locking in for 5 years (1.59%)
hotukdeals.com/dea…092
loofer10/05/2020 13:05

With rates this low, you'd be better off locking in for 5 years …With rates this low, you'd be better off locking in for 5 years (1.59%)https://www.hotukdeals.com/deals/hsbc-5-year-fixed-mortgage-159-no-booking-fee-60-ltv-at-hsbc-3454092


agree with you. i`m looking to lock in next week. 5 years is a good option in these uncertain times
Good if switching , if new to the housing market I would avoid buying anything at this time as the future is so unpredictable at this time.
colombo10/05/2020 13:19

Good if switching , if new to the housing market I would avoid buying …Good if switching , if new to the housing market I would avoid buying anything at this time as the future is so unpredictable at this time.


I'm no expert but I would love to have a chunk of cash in the next years. The governor said it will be worse than 2008, actually it will be double as bad as then.
7% compare to the predictions of 14% with a prediction of a fast recovery within 2 years. Let's see how right he is.
Good deal, but gonna pay that little extra and hopefully get set-up for the 5 year shortly. 🤞
With rates this low you'd be better off going on a variable atm until other/better deals become available.
I know this sounds weird, but how do you switch from one bank/BS to another bank/BS. I am remortgaging and didn't know whether to do the lazy option of staying where I am and renewing, or applying for somewhere else. Does it cost much to switch to another supplier?
matedodgy10/05/2020 14:40

I know this sounds weird, but how do you switch from one bank/BS to …I know this sounds weird, but how do you switch from one bank/BS to another bank/BS. I am remortgaging and didn't know whether to do the lazy option of staying where I am and renewing, or applying for somewhere else. Does it cost much to switch to another supplier?


I will recommend LandC.co.uk
Have a look there
ScrambledEggs4410/05/2020 12:50

silently waiting for the mortgage rates and the fuel to drop even more


Lenders will up their prices because “payment holidays”
ScrambledEggs4410/05/2020 14:45

I will recommend LandC.co.ukHave a look there


I second this, I've remortgaged twice in the last 7 years to take advantage of changing rates etc and used these guys both times, amazingly good service all round.
ScrambledEggs4410/05/2020 12:50

silently waiting for the mortgage rates and the fuel to drop even more


House prices too I imagine. Last recession it too a white to hit the housing market, plus there's no movement right now. Wait for the market to open up again.
colombo10/05/2020 13:19

Good if switching , if new to the housing market I would avoid buying …Good if switching , if new to the housing market I would avoid buying anything at this time as the future is so unpredictable at this time.


As opposed to renting....
If people have saved up and are ready to buy then its a buyers market at the moment, less demand so potentially can offer a lower price and rates are as low as they are ever going to be.

The future is always unpredictable and a recession happens roughly every 10 years, this is no exception apart from the unprecedented circumstances, however the economy should bounce back much quicker then a recession caused by...lets say....naughty bankers.
djames10810/05/2020 20:48

As opposed to renting....If people have saved up and are ready to buy then …As opposed to renting....If people have saved up and are ready to buy then its a buyers market at the moment, less demand so potentially can offer a lower price and rates are as low as they are ever going to be.The future is always unpredictable and a recession happens roughly every 10 years, this is no exception apart from the unprecedented circumstances, however the economy should bounce back much quicker then a recession caused by...lets say....naughty bankers.


I really wish I was as optimistic but I imagine the medium / long term future will see fewer jobs paying less and house prices are far too high - 6 to 12 months time will be the time to see when people start defaulting on mortgage payments, people stop coming to the UK to work so reducing demand for housing.
BungalowBill10/05/2020 15:13

I second this, I've remortgaged twice in the last 7 years to take …I second this, I've remortgaged twice in the last 7 years to take advantage of changing rates etc and used these guys both times, amazingly good service all round.


I third this. Using L&C atm and also for last remortgage and they been very good.
I have a buy to let that has just gone to svr, I was hoping to see a drop in interest rate following the boe change but annoyingly it's gone up. That's Godiva/ Coventry. tossers.
Hi could somebody advise me. I'm wanting to go onto my dads mortgage to release some equity which will help me move into a bigger property. So basically I'm going to have 2 mortgages in my name. Will that be an issue with the lenders as long as I can show affordabilty of course. I want to do the RM shortly and take advantage of the low rates
Edited by: "Dog_Man" 11th May
colombo10/05/2020 21:32

I really wish I was as optimistic but I imagine the medium / long term …I really wish I was as optimistic but I imagine the medium / long term future will see fewer jobs paying less and house prices are far too high - 6 to 12 months time will be the time to see when people start defaulting on mortgage payments, people stop coming to the UK to work so reducing demand for housing.


There's a huge knock on effect, you've got international students not coming over either along with Airbnb cutting their staff by ~25%, the tourism market got hit hard. Which also means landlords aren't getting the income they once had.
Dog_Man11/05/2020 00:43

Hi could somebody advise me. I'm wanting to go onto my dads mortgage to …Hi could somebody advise me. I'm wanting to go onto my dads mortgage to release some equity which will help me move into a bigger property. So basically I'm going to have 2 mortgages in my name. Will that be an issue with the lenders as long as I can show affordabilty of course. I want to do the RM shortly and take advantage of the low rates


You cant have 2 residential mortgages
Unless you have permission to let on the first and are not living in it most lenders then will then allow a 2nd residential mortgage
Edited by: "djames108" 11th May
Very nice but could do with them being fixed for a longer initial period……
djames10811/05/2020 08:41

You cant have 2 residential mortgagesUnless you have permission to let on …You cant have 2 residential mortgagesUnless you have permission to let on the first and are not living in it most lenders then will then allow a 2nd residential mortgage


OK thanks James. Its not worth getting a buy to let mortgage tho seeing as though I wouldn't be making buy to let money on the property lol. My parents would be living there I would be just going onto mortgage but without living there.
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