what's your mortgage rate doing?

[jax007]

Re: what's your mortgage rate doing?

Our mortgage deal comes to an end at this end of this month ie January 2009.

We're with Mortgage Express, so they are not doing any more deals.

Problem with us trying for another is we could end up with a horrendous rate as hubby is self employed and I do not have definite income each month (plus lots of defaults).

Needs a little investigation I think though, guess we would not have anything to lose by investigating................ and we would not have to accept a rotten deal would we?!

Hi Birdie

I have a mortgage with ME and they are still doing deals. I have just finished a fixed rate this month but can take out another fixed rate if I wish. They are not doing any 'new' business though.

[argentarius]

Re: what's your mortgage rate doing?

Lenders can charge what they choose for their SVR. That's what an SVR means. Those lenders which want to lose mortgage customers are charging high SVRs; those which are trying to creep to the government are charging unrealistically low SVRs.

The margin over BBR is rather irrelevant if you have to raise your funds at something above LIBOR - still over 2% - or from savers, who are not getting paid average rates below 1% despite what the papers are reporting.