Thanks
Thanks for all your responses.
Yes, I do understand that there is a fair chance of property prices going down further, but I am still interested because:
1) This flat is in the same building where I currently rent - I will just need to move in the adjacent flat, so extremely convenient, and
2) It is being sold at a substantial discount because it is a repossessed selling. It last sold in Jan 2008 for 285K, and is currently being sold at 140K.
So even with a further 2 year downfall in property, I don't know whether I will get a flat at this rate in my own apartment building!
ContractorMoney (or Financials, same thing!) told me that the Woolwich offset requires a minimum of 12 months contracting.
With less than 12 months contracting, they mentioned that only Abbey 4.49% and Halifax 5.19% fixed for 2 years are available, but as am not a permanent resident here (have a HSMP valid till Apr 2011), that rules out Abbey also.
I have been banking with HSBC for 2 years, so let me see what they say! Else Halifax may be the only option!
Thanks for all your responses.
Yes, I do understand that there is a fair chance of property prices going down further, but I am still interested because:
1) This flat is in the same building where I currently rent - I will just need to move in the adjacent flat, so extremely convenient, and
2) It is being sold at a substantial discount because it is a repossessed selling. It last sold in Jan 2008 for 285K, and is currently being sold at 140K.
So even with a further 2 year downfall in property, I don't know whether I will get a flat at this rate in my own apartment building!
ContractorMoney (or Financials, same thing!) told me that the Woolwich offset requires a minimum of 12 months contracting.
With less than 12 months contracting, they mentioned that only Abbey 4.49% and Halifax 5.19% fixed for 2 years are available, but as am not a permanent resident here (have a HSMP valid till Apr 2011), that rules out Abbey also.
I have been banking with HSBC for 2 years, so let me see what they say! Else Halifax may be the only option!
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