Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
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quote:
Originally posted by Ian
The good news is now is a good time to get a mortgage if you can find a cheap house.
Just make sure you can manage if the rates go up, or fix for a while.
bank of england have meetings on the first thursday of every month to discuss rates
the bank of england have maintained base rate of 4.75% all year until 4th august when the rate dropped to 4.5%
at the beginning of last year base rate was at a low 3.75% and then rose 4 times throughout the year 
word is the rate may drop again this year 
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Siberia
Member
Registered: 9th Oct 03
Location: Leprechaun Land Drives : Zafira GSI
User status: Offline
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4.75%? fook that... i go my mortgage at 2.9%... this was for the first year at an introductory rate... the normal rate is 3.5% which is what i'm on now...
the fact that your parents are going garuntor for for you... they will throw the money at you... well banks over here would anyways...
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Dave A
USER UNDER INVESTIGATION - DO NOT TRADE
Registered: 10th Dec 03
Location: County Durham
User status: Offline
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try bristol and west. exellent for first time buyers. fixed rate of 4.45 at the moment.
DONT go 100%!!! its a very bad way of buying a property. higher rates and a lot more difficult to get out of at the end of the fixed term.
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nickyboy01
Member
Registered: 10th Sep 03
Location: Oxford-ish
User status: Offline
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quote:
Originally posted by corsa808
try bristol and west. exellent for first time buyers. fixed rate of 4.45 at the moment.
DONT go 100%!!! its a very bad way of buying a property. higher rates and a lot more difficult to get out of at the end of the fixed term.
Agreed, once your fixed period ends each 0.1% rise means something like £60 extra a month. Mine is fixed at 4.29% for 2 years
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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Looking at putting down 5%, as its not too much if im only having 60/70k (3/3.5 grand)
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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a year on tomorrow, and i bought a house on my own which we have nearly finished doing up
Cant believe it!
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Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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you going to get a valuation done once you've finished to see what value youve added?
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Ally
Member
Registered: 2nd Jul 03
Location: Pontypool Drives: a Skoda
User status: Offline
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Already been valued as it stands for 85k, with more to be added once the bathrooms finished and the other bits are done! 
Have been unbelieveably lucky as we had alot of things at trade price, and richies friends have plastered, carpeted and (going to) hang all the doors for not very much £££ just alot of love and bacon sarnies
bought for 67k, spent 7k doing it up = 74k, 11k profit atm with more work to be done
am very proud, but wouldnt of done it without help from family and friends!
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a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
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