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Stephanie Said:

fixed rate UK mortgage ending! struggling single parent with poor credit history?

We Answered:

Sell the house.... the intent of a adjustable rate mortgage was for you to refinance the house long before the "adjustment" date rolled around or sell it with a profit and pay off the loan within the teaser rate period of time.

Of course... reality came in between you and Utopia and now you are stuck with a house you can't afford. that is what it is.... a house you can't afford now and never could afford. You paid rent to a mortgage company and will have to move to a place you can afford.
If your ARM is about to adjust and your mortgage payment is going to be twice as much as before than you bought something so out of your league that the whole deal should be considered criminal and the mortgage lender should be thrown in jail.... Most likely they are long gone.... and you are stuck with the bitter end result.

You need to brace yourself and get on with life.... Find a rental, move your stuff into it and turn in the keys to the house to your mortgage lender. Face it... you can't afford this place and no, you can't refinance something that is so upside down in value nor can you afford the real mortgage payment no matter how many years they tugg onto the length of the mortgage. A real mortgage payment is paying back principal and interest... you only ever paid a part of the interest and now the principal and interest is due for repayment and you never could afford this and never will.

Thelma Said:

what is the real mortgage rate in uk?

We Answered:

There are three different types of mortgages.These are:

1. Fixed Rate Mortgages
2. Adjustable Rate Mortgages
3. Balloon mortgages

Each one of them has a different interest rate.The interest rate in Adjustable Rate Mortgage again, differs from lender to lender and the market at a certain time.

So there is no single number that can be given to you, you will find better answers if you specify your needs and goals.
Hope that helped.

Angel Said:

What is the average mortgage rate in the UK?(July 2010)?

We Answered:

Mortgages are at a very low rate and are predicted to remain so for another 3-4 years, to protect the "green shoots of recovery".

To find the best for your own circumstances, the best thing is to shop around.

Karl Said:

In the uk what is the average mortgage rate these days?

We Answered:

For a fixed rate mortgage, it depends on how long the fix is for. A short term fix (2 years) will charge on average 5% where a long term fix will be on average 5.4-5.9%

The standard variable rate on mortgages these days ranges from 6.25-7%

Byron Said:

Mortgages UK Why haven't Standard Life reduced the borrowing rate?

We Answered:

This was taken from Standard Life Bank's website today: "Due to the expectation of a further Bank of England Rate reduction on 4 Dec 2008 Standard Life Bank, in line with some other banks, will be reviewing its interest rates for borrowers and savers following this decision."

http://www.freestylemortgages.com/0.1.ht…

The Monetary Planning Committee are meeting again on the 4th December, when rates are widely forecast to be cut, further to the recent total of 2%. As the mortgage market is competitive (supposedly), Lenders will tend to look at what others are doing and then react accordingly. Their main focus is Market Share and if they can retain that with the smallest possible reduction in their profit margins, that is what they will do. There is also the tendency to adjust their rates from the First of the following month, so if there is indeed a further reduction in the Bank of England interest rates, the earliest time it might be implemented would be 1st January 2009.

Disclaimer:
The answers above are for guidance only and should not be acted upon without you receiving professional mortgage advice relevant to your circumstances. To find an independent mortgage adviser please go to http://www.impartial.co.uk.