HSBC are offering 1.99%.  Now guess what the Woolwich are offering??

 

1.98%.

 

Another awesome rate.  Could the standard big bank rate for residential mortgages have to start with the number "1"?

 

There is a tie in with these mortgages that revert to a HIGHER rate after the discounted period.  So they have no shame there!

 

Now I am on a 4.79% standard variable rate with Northern Rock.  Switching to one of these products would halve what I am paying now.  I want one now!

 

One problem.  60% LTV.  So I need to find a very happy go lucky surveyor who will listen to my pleading that my house has to value up at 150% of market value.  Do not think it is going to happen. 

 

So unless I had a spare £200k to put in I cannot benefit from these deals.  If I had a spare £200k then I know what I would be doing and that would NOT be redeeming debt.  It would be obtaining MORE debt by way of buy to let mortgages.

 

However if you do have equity in your home and you want to raise some really cheap money and make some really good returns then consider this deal.  It will be difficult to get it any cheaper than this.  Speak to my broker.

 

Also are you aware of my £9.99 training package offer?  If not where have you been!  Find out more....

Posted on: 17th Sep 2009