'I'm remortgaging from 1% to a rate three times higher': The people exiting rock-bottom deals

Österreich Nachrichten Nachrichten

'I'm remortgaging from 1% to a rate three times higher': The people exiting rock-bottom deals
Österreich Neuesten Nachrichten,Österreich Schlagzeilen
  • 📰 i newspaper
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 89%

Those who signed deals at 0.99% in 2021 would have paid £752 per month on a £200,000 mortgage, but re-signing on 4.54% would cost £1,116 – £364 a month or £4,368 a year more 🔎 CallumCMason speaks to some of the home owners in this position

rate on the market was two years ago this month? 0.99 per cent. Santander, TSB, HSBC and Nationwide all offered deals below 1 per cent, as long as you had equity or a deposit of 40 per cent.

Austyn Johnson, from Colchester in Essex, is a 39-year-old dad of two who works as a financial adviser for a firm that finds mortgage deals for those in the arts. Mr Johnson said that when rates first started to rise late in 2022, he thought it might be a “blip”, and he waited before acting and locking in a cheap rate.

“I will be paying £200 more a month. If a friend rings and says, ‘let’s go for lunch’, the answer is no”

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

i newspaper /  🏆 8. in UK

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

The Property Scams We're Being Urgently Warned To Look Out ForThe Property Scams We're Being Urgently Warned To Look Out ForAnd yes, they affect both homeowners *and* renters.
Weiterlesen »

‘I’m too scared to look’: Homeowners facing £500 a month mortgage hike amid latest rate rises‘I’m too scared to look’: Homeowners facing £500 a month mortgage hike amid latest rate risesHomeowners face paying hundreds of pounds per month more on their monthly mortgage payments as banks increase their fixed-rate deals following worse-than-expected inflation figures luciemheath reports
Weiterlesen »

Diablo 4 hotfix deals with 'Darcelpocalypse', a bug that endlessly multiplied one elite enemyDiablo 4 hotfix deals with 'Darcelpocalypse', a bug that endlessly multiplied one elite enemyDiablo 4's attack of the endless Darcels has been dealt with in the latest hotfix.
Weiterlesen »

Record demand for 35-year mortgage deals as first-time buyers face soaring interest ratesRecord demand for 35-year mortgage deals as first-time buyers face soaring interest ratesA record number of first-time buyers have signed up to mortgages of more than 35 years as interest rates continue to soar.
Weiterlesen »

Average five-year fix up £560 a year compared with two weeks ago as mortgage turmoil continuesAverage five-year fix up £560 a year compared with two weeks ago as mortgage turmoil continuesMore lenders have pulled mortgage deals over the weekend Two-year fixed mortgage deals are over £35 per month more expensive than they were before the most recent inflation figures were released, analysis has found CallumCMason reports
Weiterlesen »

When fixed rate mortgage deals could come down, according to expertsWhen fixed rate mortgage deals could come down, according to expertsThe cheapest fixed rate mortgage deals have been disappearing from the market over the past few weeks, as lenders reacted negatively to the latest inflation figures CallumCMason reports
Weiterlesen »



Render Time: 2025-03-13 03:11:10