Thanks Chanchi, was looking for mortgage after chasing every deal posted here... :grin:
jonnyclewlow
15 Aug 17#4
Worth reading the thread in the link that the OP put up. Hard to get a mortgage with and if declined, that's on your credit file .... (Please correct me if I am wrong on this one as I was interested in that comment....)
Chanchi32 to jonnyclewlow
15 Aug 17#7
that's right - FD have a pretty stringent credit criteria so worth considering before applying
whatyadoinsucka to Chanchi32
15 Aug 17#13
to be honest if you are looking for a mortgage then an applicant needs to get their house in order, savings up, debts down, and no late payments and especially no unauthorised overdraft spend. its all simple, its not exactly difficult to setup a DD for a cc and or keep track of current account / debit card spend.
also advisable to hold of that new telly on finance, car loan, or the latest smart phone, once the mortgage is agreed then its fine to take on the extra debt.
too many people live beyond their means..
nevergofull to jonnyclewlow
15 Aug 17#14
You are wrong.
Declines do not show on a credit file, mereley show as a search
ILikeUsingGifsToComment
15 Aug 17#5
No fees?
marathonic
15 Aug 17#6
Tempting deal. Im currently on their 1.29+BOE lifetime tracker with a current rate of 1.54% - but a 0.3% premium is a small price to pay for the security of a 5 year fix.
turbo_c to marathonic
15 Aug 17#9
Maybe so, but with brexit on the horizon can you realistically see rates going up? After all, banks aren't in the business of losing money, so they must be fairly certain rates will stay low given they are offering this deal.
ghostm4n to turbo_c
15 Aug 17#10
True, but for me for example, with only circa 5 years to go, the peace of mind is a very comforting thought.
Scorpion to ghostm4n
15 Aug 17#19
Given the current deal the user has though, it'd only take a raise in the base rate to 0.75% (so a raise of 0.5%) in the next 2.5 years, which in entirely feasible, to mean they are losing out vs the fixed term deal offered here.
I think the BoE will have to raise rates soon to control inflation, which is on course to be driven higher by Brexit when it kicks in. The latest inflation figures are due this morning @ 9:30am.
bilbob to Scorpion
15 Aug 17#23
A rate rise isn't the only means to control inflation. There's no point dampening consumer ability to spend if it isn't consumer spending that is driving inflation. If it's brexit driven, then a rise in interest rates will do little to calm inflation.
brendinho
15 Aug 17#8
excellent!! cheers!!
tek-monkey
15 Aug 17#11
Atom were offering 2.39% on 85% ltv for 5 years, mine completed yesterday. Not as good obviously but I owe a lot more!
Opening post
Maximum LTV is 60%
Recent thread for reference
All comments (107)
its not exactly difficult to setup a DD for a cc and or keep track of current account / debit card spend.
also advisable to hold of that new telly on finance, car loan, or the latest smart phone, once the mortgage is agreed then its fine to take on the extra debt.
too many people live beyond their means..
Declines do not show on a credit file, mereley show as a search
I think the BoE will have to raise rates soon to control inflation, which is on course to be driven higher by Brexit when it kicks in. The latest inflation figures are due this morning @ 9:30am.