Page 2 | Mortgage deal ending and trying to move

busybusy10 · 2023-09-07T03:15:48+00:00

Hi Mortgage deal ends in March and we are trying to move. Silly offers on our house and not much choice for us to buy. I know you can port a mortgage if we renew but how would that work if we bought a house cheaper than what we sell ours for? We are trying to lower our mortgage. Many thanks

KievLoverTwo · 07/09/2023 16:22

CrashyTime · 07/09/2023 16:20

"Spend some real time in some deprived areas with single mums who have no car and then come back and tell me how an online shop and having a spare freezer and the time is no problem at all."

You just seem to be latching onto generalised negativity (the media is a lot to blame for this) and throwing it at any positive noises that you hear, sorry but that is how I am seeing it.

Anyone can change their shopping habits to be more economical, the biggest cost people face (housing) is bloated out of control by cheap debt, and that is making middle class people more unhappy than people getting generous benefit handouts IMO.

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Repeating the same line over and over and over again and expecting it to change the outcome is the first sign of madness, don't you know?

You keep telling yourself that people are only suffering because of house prices if it suits your agenda.

I'll keep living in reality, where the cost of everything around me that is also not food related continues to rise at an alarming rate.

Now, excuse me, I'm off to see if I can shoot some rats for dinner.

Have a lovely evening.

CrashyTime · 07/09/2023 16:36

KievLoverTwo · 07/09/2023 16:22

Repeating the same line over and over and over again and expecting it to change the outcome is the first sign of madness, don't you know?

You keep telling yourself that people are only suffering because of house prices if it suits your agenda.

I'll keep living in reality, where the cost of everything around me that is also not food related continues to rise at an alarming rate.

Now, excuse me, I'm off to see if I can shoot some rats for dinner.

Have a lovely evening.

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So a £60 online minimum shop (it is actually £40) is a problem, but a basic shelter at 400k (plus debt costs) isn`t a problem? Why not just celebrate the fact that interest rates are at least doing their job of bringing down the price of the far more expensive item even if the cheaper (but also necessary) item is slightly more expensive, surely it all evens out in the end?

gillygeey · 07/09/2023 16:52

Depends how you are living, if you have big mortgage debt and cars etc. on monthly payments it is going to be very difficult to adjust, I think the general COL thing is overblown by the media though, there are always ways to make cutbacks and shop more cheaply etc.

i think the lack of real growth for years is more of an impact than not making cutbacks

CrashyTime · 07/09/2023 17:00

" think the lack of real growth for years is more of an impact than not making cutbacks"

Not sure what you mean, I just see it as China poured out cheap goods for the West until they got annoyed at us (and have started banning Apple phones etc. to upset markets here in retaliation for XYZ ) and people could borrow cheaply so everything seemed rosy until the central banks got their wish of inflation coming back and started hiking rates back to normal?

gillygeey · 07/09/2023 17:01

wage growth, missed a key word there

CrashyTime · 07/09/2023 17:11

gillygeey · 07/09/2023 17:01

wage growth, missed a key word there

Right, that makes sense, no meaningful wage growth for years and now (grudging, only after strike action) wage rises are just eaten up by COL and mortgage debt payments, all this was hidden or just simply ignored for years because of house price increases and access to cheap as chips debt on multiple cards etc. people were too busy braying about their house price and going on holiday 5 times a year, Ah well the public gets what the public deserves I suppose.

gillygeey · 07/09/2023 17:45

I agree that many didn't notice or care because lending was cheap & house was going up in value. However there's lots of people who are impacted by COL as not everyone is on the ladder & plenty haven't been on for very long.

CrashyTime · 07/09/2023 19:18

COL is separate to being "on the ladder" (not really a ladder now though is it?) if you have mortgage debt COL will be through the roof now, if you own outright and don`t have much disposable income you might still struggle, best bet is to be debt free/low debt and have lots of disposable income.

HopelesslyOptimistic · 09/09/2023 15:59

Crashytime, why dis the house owner and not the central banks and government for inflation and debasing our currency. Printing money (disguised under QE) and we all now pay with high interest rates. Again the banks are the winners. I absolutely hate the central bank system and the mere fact our politicians eat out of their hands. Yet the public blame the public. Start reading and educate yourself!

CrashyTime · 10/09/2023 22:33

HopelesslyOptimistic · 09/09/2023 15:59

Crashytime, why dis the house owner and not the central banks and government for inflation and debasing our currency. Printing money (disguised under QE) and we all now pay with high interest rates. Again the banks are the winners. I absolutely hate the central bank system and the mere fact our politicians eat out of their hands. Yet the public blame the public. Start reading and educate yourself!

Without the public borrowing none of it works, the banks didn`t force people to borrow too much.

bloodyfootprint · 11/09/2023 00:36

CrashyTime · 07/09/2023 16:02

You are returning a negative statement in response to every single positive suggestion I have made, I dont know the reasons for this but a positive mindset is one of the absolute necessities to get through tough times (my Grandmother used to tell me about really tough times - walking five miles to school every day at primary school age, even in heavy snowstorms, no NHS or Social Security, if you got ill or couldnt work you went hungry or maybe died of things that are easily preventable now, and later seeing men coming back from the Western Front with bits of their bodies gone still smiling and joking around with the kids, one guy taking his false glass eye out to scare them then chuckling to himself.......and she would still say things like "we thought we were very lucky compared to people born in parts of Africa or places with leaders like Stalin", she would have been absolutely gobsmacked at the rise of credit card use and the birth of super cheap flights where ordinary punters could jump on planes like Hollywood stars did in her youth that got really under way in the 1990`s)

The average person now in the UK is not under much stress (except the financial stress of too much debt) and can afford to buy £60 worth of reasonably healthy groceries, the last time I did a Tesco online shop I think it was £40 minimum and £2 delivery, so taking a positive mindset you could buy a big freezer and get £200 worth of goods delivered for £2?

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Sorry it's totally OT but why do so many of your posts have that weird font?

HopelesslyOptimistic · 11/09/2023 01:42

UndercoverCop · 07/09/2023 14:19

@HopelesslyOptimistic we got ours through London and country who were great and free. I can't remember the name of the lender offhand, it's not a main high street bank, it's a building society, maybe Westbrom?
5.4% two weeks ago, tracks 1.4% below their SVR which is also decent in the circumstances

Edited

Great I'll check it out, helpful :)

CrashyTime · 12/09/2023 17:32

bloodyfootprint · 11/09/2023 00:36

Sorry it's totally OT but why do so many of your posts have that weird font?

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No idea, another poster said it was a keyboard problem, but as it only happens on here I think it must be something else.

CrashyTime · 13/09/2023 13:20

KievLoverTwo · 07/09/2023 14:15

Prices plus horrific cost of living.

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House prices and rents coming right down would be the best cure for COL for ordinary working people.

BlueMongoose · 13/09/2023 21:18

Can you really not afford a keyboard that works with all the money you have made by knowing exactly what house prices were going to do for the last few years?
Oh wait.....

BlueMongoose · 13/09/2023 21:19

The reply above was to crashytime, sorry OP.

Twiglets1 · 14/09/2023 05:50

CrashyTime · 12/09/2023 17:32

No idea, another poster said it was a keyboard problem, but as it only happens on here I think it must be something else.

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Be honest, it’s to make your posts easily identifiable, like a signature.

So that your pals from the other website know who you are when you change username. You used to be DeadHouseBounce - who had exactly the same “issue” but I find your new username friendlier.

WaitingfortheTardis · 14/09/2023 06:13

I dont want to get into the arguments, but may I just confirm that the minimum order for Tesco is now actually £50, with a £5 basket charge if you are under. Delivery varies from £3-£7, or you can pay a monthly fee for their Delivery Saver. Sorry, it was bugging me.

whyisitallsohard · 14/09/2023 11:35

Older folks will be familiar with those (high interest) rates, it is prices that are the problem not borrowing rates.

This!

CrashyTime · 15/09/2023 13:39

Twiglets1 · 14/09/2023 05:50

Be honest, it’s to make your posts easily identifiable, like a signature.

So that your pals from the other website know who you are when you change username. You used to be DeadHouseBounce - who had exactly the same “issue” but I find your new username friendlier.

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Ok, I`ll play along, how do I make the font go like that on certain parts of the text?

Twiglets1 · 15/09/2023 13:53

CrashyTime · 15/09/2023 13:39

Ok, I`ll play along, how do I make the font go like that on certain parts of the text?

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Pretty easily I should think? You just change the font on those words then change it back again 🤷🏼‍♀️

CrashyTime · 15/09/2023 13:57

Twiglets1 · 15/09/2023 13:53

Pretty easily I should think? You just change the font on those words then change it back again 🤷🏼‍♀️

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Ok, so my problem is that the font changes without me doing anything, I will investigate further, I don`t need to draw attention to my posts they stand out anyway by being clear and realistic about the present economic situation with basic data to back up opinions.

KeepALowProfile · 15/09/2023 14:31

I just remortgaged with Nationwide yesterday. It seems you can exit their tracker deal with no penalty. So the '2 year tracker' just means they guarantee that rate for the 2 years rather than you being tied in for 2 years.

whyisitallsohard · 15/09/2023 16:33

Is it a silly offer though? 😂