The real price of a mortgage: 6.49%

[lilelvis2000]

Yeah, tis crap. Wife an I now looking at new deals as we just came off ours...the bank ripped us off on that one as well.. Looks like the best they are offering is %2.84 over two years which will cost an eye watering £700 to get on and I doubt we'll save much if anything..may as well get on their standard SVR for £0.

Still negotiating with them as we have less than £40,000 on a house worth £140,000.

El Gordo just stands by and lets them get away with it. Ripping off the people wot saved their behinds! I think banks should have a sign on the entrance "Please leave all morals and ethics outside. They have no place in a bank".

[swamp]

I'm getting +0.45% on my mega flat sale mortgage payout...

House buying is for fools

[Moscow Mule]

None of these figures are meaningful without an accompanying LTV figure.

You can get an awesome rate if you're on 50-60%. Rates get progressively more crap the closer you get to 90%.

[DaveB]

2 year offset at 3.69% last month.

[scooterscot]

I got a 0.49% + base rate tracker with the Abbey -

[minestrone]

We got a 5 year offset at 5.29% 6 weeks ago, the same one is now 5.79%.

[Bunk]

Forget interest rates at 0.5%. First time buyers are paying the highest rates in years - which is why talk of a housing market recovery is bunk...

http://www.guardian.co.uk/money/blog...y-house-prices

Hey, don't bring me into this

[d000hg]

Well hopefully... until they are making an obscene profit they won't feel comfortable helping anyone else make reasonable one.

[TimberWolf]

Guardian article:

Forget interest rates at 0.5%. First time buyers are paying the highest rates in years - which is why talk of a housing market recovery is bunk...

http://www.guardian.co.uk/money/blog...y-house-prices

Someone must be coining it, and no doubt it is the banks.