Mortgage rates going up in near future ?

[butterflies]

Hi I have been reading through this post and wondered if it is too early for us to look into re-mortgages, as our fixed rate mortgage (interest only) runs out at the begining of august, we are in the 90% LTV range, this being as we re-motgaged to do a full and final offer for our iva. We are currently with DB Mortgages who DON'T have a website. Can anyone suggest where to enquire.

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[Skippy]

I think (and Tony will correct me if I'm wrong) that you can 'pre-book' a rate up to 6 months in advance.

Regarding where to look contact Tony (Welshboy) as he's had brilliant feedback on the forum x

[plasticdaft]

I think the media coverage that was going on before interest rates dropped regarding people losing homes as fixed rate deals came to an end was created by the banks to get people to sign up to new fixed rate deals when they knew the interest rates were going to plummet. My friend is now tied in to a 5 years fixed rate much higher than the SVR he would have been on and given that he has an excellant credit record the best advice would surely have been to hang on tight coz the rates are dropping like stones!!!! He is now paying over the odds for every month the interest rates stay below about 3.5%(his rate is 5.95%).


Banks...........you just cant trust them!!!

[Welsh Boy]

Skippy13,you are right, booking funds when you have passed the lenders lending criteria is something that has been done for quite a while.

Butterflies, the numbers we used to reach DB on were 0845-052-2280, I don`t know if these are still the correct ones as we haven`t had cause to contact them recently. Tony

[David Mond]

I personally cannot see mortgage rates rising for the foreseable future - maybe up to 18 months to 2 years. So now is a good time to get one or re-mortgage if you are able to.