SMF - Just Installed!

1.5 mil

Started by Badger, December 05, 2007, 09:43:52 AM

Previous topic - Next topic

Badger

1.5 Million people are to be effected baddly by there fixed rate mortgages coming to an end this month.
I have said this all along, fixed rates are ok if you can project what they are going to go up by, so when you take one out at 4.5% take that as a 5.5% then you are covering your ass a little bit.  These guys must be panicing eh !.

vwilson

Right now I'm paying double pension contributions as my HR department screwed up earlier in the year and didn't deduct them when they should have. That'll be sorted in a month or so, then I'll be putting some money aside for "future mortgage payments" for when my fixed rate expires mid '08.

Hopefully what I save between now and then will balance out any increase until the end of '08 when my VISA balance will be alllll gone, and I'll have another £500 a month to sling at the mortgage. Of course re-mortgaging is also something I'm going to look into closer to the time.

Gotta think ahead, although in fairness its something I've not always known how to do, or realised the importance of. I'm lucky it didn't take some enormous financial disaster to get me thinking straight.


V