He's fixed on an uncompetitive rate by the sounds of it

( Light In Chains maker of the ikea sofa, Tue 24 Jan 2012, 20:32, 2 replies, latest was 14 years ago)

But only until September.

(Bazongaloid, Tue 24 Jan 2012, 20:34, Reply)

there's a green day connection in there
base should still be low/the same by then
( Light In Chains maker of the ikea sofa, Tue 24 Jan 2012, 20:35, Reply)

I don't see it rising significantly this year

( Naked Ape call me Caitlyn, Tue 24 Jan 2012, 20:37, Reply)

I need to find out what the standard variable is actually
According to a few websites it might be about 4%.
(Bazongaloid, Tue 24 Jan 2012, 20:39, Reply)

sounds about right, unless you have a significant deposit, 50% plus
in which case you might do better
( Naked Ape call me Caitlyn, Tue 24 Jan 2012, 20:40, Reply)

Nah, I think we've paid down to just over 80% LTV at the moment.

(Bazongaloid, Tue 24 Jan 2012, 20:42, Reply)

If you can get 4% grab it.
I've been shopping and am looking 4.5% best.
( The Disappointed Caravanner of the year, Tue 24 Jan 2012, 20:42, Reply)

I need to look at the paperwork and double check what it's going to revert to.
If it's anything like 4% I'll leave it at that and just keep an eye out to see what happens in the future. We can always remortgage at a later date.
(Bazongaloid, Tue 24 Jan 2012, 20:43, Reply)

Hold at 4%
You'll probably be locked in for five years - you may or may not be giggling at the end of the term.
( The Disappointed Caravanner of the year, Tue 24 Jan 2012, 20:47, Reply)

No, you misunderstand, my fixed rate period is over, I won't be locked in for any time at all
I'll be free to remortgage at any time.
(Bazongaloid, Tue 24 Jan 2012, 20:49, Reply)

Yes I misunderstand
Take it.
( The Disappointed Caravanner of the year, Tue 24 Jan 2012, 20:55, Reply)

Base will hold for a good time yet.

( The Disappointed Caravanner of the year, Tue 24 Jan 2012, 20:39, Reply)

Mixed messages as usual, but in general low base for some time to come
which is nice for 1% over base commercial lendings
( Light In Chains maker of the ikea sofa, Tue 24 Jan 2012, 20:40, Reply)

I read it again and realised
The best I've seen recently is 4.5% which is still good.
( The Disappointed Caravanner of the year, Tue 24 Jan 2012, 20:35, Reply)