Want a fixed rate mortgage?

[SueEllen]

Well for 2 years you will be paying over 6%.

Thanks Truss!

[NotAllThere]

Already got one.

1.06% until 2030.

[SueEllen]

Not talking about you or me, I'm talking about those who are either trying to buy, have put an offer in or need to remortgage shortly.

There is no point reducing stamp duty if people can't afford the repayments.

[northernladuk]

Mine expires in January. I've got Freelancer Finacials on it. The mortgage provider can give me a quote now and honour it through to Jan so I can get one in Jan and take the lesser of the two. That's the plan but providers are pulling agreements left right and center at the moment. I'm expecting my arse to be handed to me when Jan comes

[AtW]

What’s that mort-gage thingy?

Some kind of new savings product that generates 6% per annum? Might be interested if it’s safe as bricks…

[northernladuk]

What’s that mort-gage thingy?

Some kind of new savings product that generates 6% per annum? Might be interested if it’s safe as bricks…

Yeah cause bricks are really safe when you are around aren't they

[Mordac]

Well for 2 years you will be paying over 6%.

Thanks Truss!

I was paying more than that in 1997. It went up to 8.something, although not for very long. Thankfully my rate is now a big fat zero.

[Paddy]

What’s that mort-gage thingy?

Some kind of new savings product that generates 6% per annum? Might be interested if it’s safe as bricks…

Mortgage from Latin, death-note debt-payment. You keep paying until death.

[AtW]

Mortgage from Latin, death-note debt-payment. You keep paying until death.

Ah, same as taxes then

[SueEllen]

I was paying more than that in 1997. It went up to 8.something, although not for very long. Thankfully my rate is now a big fat zero.

The average mortgage payment in 1997 was less than they are today as a percentage of someone's wage.