http://www.ukmoneypot.co.uk/is-the-best-mortgage-rate-actually-the-best-deal.htm A UK Personal Finance Blog - The result of direct exposure to the fallout of the financial crisis. Wed, 11 Jan 2012 16:13:01 +0000 hourly 1 http://wordpress.org/?v= http://www.ukmoneypot.co.uk/is-the-best-mortgage-rate-actually-the-best-deal.htm/comment-page-1#comment-4765 The Credit Cruncher Tue, 06 Jan 2009 17:24:10 +0000 http://www.ukmoneypot.co.uk/is-the-best-mortgage-rate-actually-the-best-deal.htm#comment-4765 The fees and costs are getting stupid, so much so that this time around I have gone for a lifetime tracker (just secured before the rates plummeted...) now I won't have to fork out a grand every two years for someone to have the privilege of selling me a mortgage. Currently paying about 0.7% over base with 11 years to go - payments have gone down so much I am now overpaying to bring the balance down... The fees and costs are getting stupid, so much so that this time around I have gone for a lifetime tracker (just secured before the rates plummeted…) now I won’t have to fork out a grand every two years for someone to have the privilege of selling me a mortgage. Currently paying about 0.7% over base with 11 years to go – payments have gone down so much I am now overpaying to bring the balance down…

]]> http://www.ukmoneypot.co.uk/is-the-best-mortgage-rate-actually-the-best-deal.htm/comment-page-1#comment-4609 Monevator Sat, 20 Dec 2008 22:35:53 +0000 http://www.ukmoneypot.co.uk/is-the-best-mortgage-rate-actually-the-best-deal.htm#comment-4609 Quite right - and fees are only going to become more important over the next year or so while interest rates are low. Tight tracker mortgages will be replaced by less generous ones with a spread of 2.5% or so (and anyone thinking they'll be able to pay less than 0% is dreaming) but I suspect banks will also try to ramp up their margins through fatter fees. It's all part of recapitalizing the banking system, every mortgage holder must do his bit! ;-) Quite right – and fees are only going to become more important over the next year or so while interest rates are low. Tight tracker mortgages will be replaced by less generous ones with a spread of 2.5% or so (and anyone thinking they’ll be able to pay less than 0% is dreaming) but I suspect banks will also try to ramp up their margins through fatter fees. It’s all part of recapitalizing the banking system, every mortgage holder must do his bit! ;-)

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