Remortgage now or wait until after the 6th August

[Tlandcruiser]

My mortgage deal is up for renewal, I'm undecided whether to wait for the BoE 6th meeting or just remortgage now. If the BoE decides to reduce the base rate as a negative figure, will this impact the mortgage deals from the banks? at the same time, the current deals could change by then too.

What are other peoples thoughts

[2 GKC]

I can't see any savings from a rate cut being passed on in better deals. I can't see a rate cut happening just yet either

[Sarnie]

Tlandcruiser said:

My mortgage deal is up for renewal, I'm undecided whether to wait for the BoE 6th meeting or just remortgage now. If the BoE decides to reduce the base rate as a negative figure, will this impact the mortgage deals from the banks? at the same time, the current deals could change by then too.

What are other peoples thoughts

Rates were cut by 0.65% a few months ago.............barely any impact on pay rates........I wouldn't expect to see any further reduction in pay rates at all, for any reason...........with fixed rates at just over 1% for low LTV's............how low can people expect pay rates to go whilst still making it viable for a lender to give out hundreds of thousands of pounds a day......

Edited by Sarnie on Wednesday 15th July 08:53

[Tlandcruiser]

I did expect that to be the case, I was just wondering if there was negative interest rates that the banks would offer lower rates to encourage the banks to lend money.

[Tlandcruiser]

I’ll also need to decide on a three or five year mortgage. I’m thinking three years, as the five year mortgage has a 999 product fee and I can’t envision rates going up much over this time.

[fourstardan]

Im looking around at the moment. I couldn't; see anything changing really.

What service are you using to find deals?

I thought roboadvisers like Habito would be better than pricing comparison sites but how wrong am I, its the same rates (yet they'll take a cut).

Edited by fourstardan on Wednesday 15th July 18:35

[fourstardan]

Im looking around at the moment. I couldn't; see anything changing really.

What service are you using to find deals?

I thought roboadvisers like Habito would be better than pricing comparison sites but how wrong am I, its the same rates (yet they'll take a cut).

Edited by fourstardan on Wednesday 15th July 19:05

[Sarnie]

fourstardan said:

I thought roboadvisers like Habito would be better than pricing comparison sites but how wrong am I, its the same rates (yet they'll take a cut).

Edited by fourstardan on Wednesday 15th July 19:05

Why would you think that Habito would get better rates?

[fourstardan]

Sarnie said:

Why would you think that Habito would get better rates?

Because they said so?

LOL