Our 2 year fixed mortgage rate runs out soon. I knew we’d have to pay more but it’s going up £800 to £2.5k!!! I’m really shocked and scared. We have two kids in nursery and life is not cheap and both me and DH work already work full time. Want to cry. Anyone else facing the same?
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HolyGuacamole28 · 31/01/2024 21:33
Thanks all. That’s repayment, I’m not keen to do interest only. That’s a 5.69% rate with Barclays, our current provider. How are people getting 3%? Where?
HolyGuacamole28 · 31/01/2024 21:33
Thanks all. That’s repayment, I’m not keen to do interest only. That’s a 5.69% rate with Barclays, our current provider. How are people getting 3%? Where?
FuckinghellthatsUnbelievable · 31/01/2024 21:48
I ended up extending the term of my mortgage so it went from 19 back to 25 years but I kept the same mortgage payment.
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HolyGuacamole28 · 01/02/2024 07:14
Thanks everyone. I have a few issues. My H is self employed and makes very little. We don’t want to be assessed again. We have 90% LTV on a large amount. Sucks. I do have a broker and will continue to look around. The rate change is so devastating but not many people seem affected (judging by the news)
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