“Halifax undercuts Nationwide’s record 5-year fixed-rate”

Aug 4, 2021 | Mortgages

How low can you go? Well, pretty low, it seems, although those still sitting on ‘tracker’ mortgages, some of which are contracted to charge bank base rate  plus just 0.25% or 0.5%, are sitting both lower and still prettier. Yes, lenders offering fixed rates under 1% are cherry-picking what they would describe as quality borrowers. But the danger for all is when rates rise, as they surely have to. If you have a cheap mortgage, pretend you haven’t. Work out what you’d have to pay if rates double and save it to lessen the shock, is my advice.

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Turmoil in the mortgage market

Turmoil in the mortgage market

When I was but a youth, I was often told to enjoy myself before I had the ‘millstone of a mortgage around my neck’. It was then assumed that you’d be dragged down by it for another 25  years, a lifetime when you’re but 25 yourself.

“40-year mortgages now ‘commonplace’”

“40-year mortgages now ‘commonplace’”

When I was but a youth, I was often told to enjoy myself before I had the ‘millstone of a mortgage around my neck’. It was then assumed that you’d be dragged down by it for another 25  years, a lifetime when you’re but 25 yourself.