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Original poster

At what mortgage rate are you now?

109 replies

WakeMeFriday · 11/07/2025 14:30

Our 5 year fix for mortgage is coming to end in Dec and we are at 1.6% right now. We have a good LTV, around 45% remaining mortgage on the house value.
We have been looking around and the best rates we can find are around still at 3.8-3.9%.
If you renewed your mortgage recently, what rate are you on at now?

OP posts:
Finteq · 11/07/2025 19:48

1.89% got about another 3 years on it.

The mortgage broker was a little surprised I wanted a 5 year fix- as obviously the 2 year fix was better value. But I needed stability at that point.

A longer fix would have been too long in case I wanted to move or do something else.

Thebuttercup · 11/07/2025 19:48

MysticHalfWitch · 11/07/2025 14:37

For once I got lucky and fixed three years ago at 2.09% for 10 years.

We did the same two years ago at 2.74... Now trying to overpay as much as possible so in 8 years it will be gone!

Darkling1 · 11/07/2025 19:44

We’re currently on 5%, but we’ve just fixed a new rate of 4.89% starting in September. Hoping there will be another decrease before then.

Our LTV is 80% though (we bought our house two years ago). We’re just glad for any decrease in payments, really.

I really feel for those who are on around 2% having to fix for 4%ish!

justtootiredtoday · 11/07/2025 19:41

Alarae · 11/07/2025 15:33

Fixed last month for 3.73% for five years. 60% LTV.

What provider is that, please?

I am at 63% LTV (I think, depending on what they value my house at) and lowest rate I can see is 4.4%

I wonder if it’s worth scraping together savings to bring myself under the 60% LTV?

But we desperately need new kitchen, bathroom and various other costly improvements.

MyDogLikesKayaking · 11/07/2025 19:28

In the last week I have just renewed with existing mortgage provider. 4.14% fixed for 5 years, no product fee. I have £108k balance and am hoping I can clear it in the 5 years by overpaying.

MalcolmMoo · 11/07/2025 18:59

2.56 due to remortgage in 2027 though, we’re overpaying a lot now in the hope we can keep the same monthly payment at renewal.

Monkeytennis97 · 11/07/2025 18:39

Currently 3.44 changing to 3.84 in next couple of months. Hoping to be fully paid off in next 3 to 4 years. (About 8% LTV)

Rollercoaster1920 · 11/07/2025 18:33

Just remortgaged to a 4.1% 2 year fix from a 4.69 fix.

Fee free because it's better for me.

LittlleMy · 11/07/2025 18:32

As a single person forced to purchase a property alone to escape DV (had good LTV ratio), I fixed on 2% for 10 years in 2020 but when I out of curiousity searched what’d happen if I had to remortgage this year, was coming in around 4%. I’m so so glad something went right and I chose well as at the time there were rates even lower than 2% and people were thinking they’d continue that way possibly so while the temptation was great so happy I didn’t get greedy and fixed at my 10 years! Better still I’m on course to pay it off so won’t even need to remortgage after my 10 year term is over anyway - woohoo!

KPPlumbing · 11/07/2025 18:23

We've only got £95k left, on a house valued at around £450k.

We just switched in June to 4.3%, up from a low interest rate of 1.2ish%. We've gone for a 5 year fix. This is with HSBC, who we've always banked with.

It's only added about £70 a month to the mortgage payments.

bugalugs45 · 11/07/2025 18:21

3.44 but we are 3 years in to a 5 year fixed

Merryoldgoat · 11/07/2025 18:10

1.18% ending Aug 26 😳

AnneElliott · 11/07/2025 18:01

This is interesting to see. Our 1.6% fix ends in November this year. Hoping rates go down in August so we can get a rate under 4%. Really low LTV as mortgage should be paid off in 2027.

JustMyView13 · 11/07/2025 17:54

We took a 5yr at 3.91% in September. Coming off 1.79% & a 3yr deal. We were taking another 3yr deal right up to the last minute, but decided the risk of the rates going up would be far more impactful on our plans, than them going down. And they’d have to go down quite far quite quickly for that to be a bad decision.
Plus, we reflected on what an ache it is to be faffing with a mortgage every few years & agreed that if rates drop, it’s the premium we pay for ignoring the problem 😂
We’d been overpaying so technically our monthlies haven’t changed.

BlackCoffeeAndSugar · 11/07/2025 17:38

5.2 after fixing for 2 years. Hoping to renew at around 4.

TarquinsTurnips · 11/07/2025 17:35

I was only a 5 year fix at 2.09%. Wish I'd fixed for 10! Now on 4.36%. LTV is around 55%.

I don't think much is going to change for next 10-15 years, except for maybe third world war. If its really important that it doesn't go up then worth a fix. I can't see any reason for them going down much.

After that I think they may drop when AI takes over everything and we see another economic boom. Just crystal ball gazing though.

S1K1PPSO · 11/07/2025 17:33

Current rate is barely anything, but the fix ends next year and goodness knows what it will be by then 😩 We have a good LTV and are lucky enough to have savings so can pay it down a bit to reduce the monthly shock, but it will still sting a bit.

FalseSpring · 11/07/2025 17:33

I was on a 5 year fixed of 1.99% until June 2024. I then refixed for 5 years at 3.49% which was good for the time but my payments more than doubled as i'm interest only.

TheNoonBell · 11/07/2025 17:31

1.18% until early next year. Going to make a 40-50% overpayment when the fix ends, that cash is currently earning a much higher interest rate in an ISA.

Should have it paid off completely in the next 5 years or so.

NotAntisocialJustSelectivelySocial · 11/07/2025 17:28

5 year fixed at 2.19% ends in April. I’m very nervous, even though it’s a very small mortgage.

Original poster
WakeMeFriday · 11/07/2025 17:26

WakeMeFriday · 11/07/2025 17:21

Amazing, happy for you. We are almost going to make this decision in 2020 but DH thought it was high. Don't know what he was thinking!

Show quote history

Typo, we were*

OP posts:
VanessaFence · 11/07/2025 17:23

We are almost going to make this decision in 2020 but DH thought it was high. Don't know what he was thinking!

Sorry that is annoying. To be fair it was double the 5 year fix rate and our mortgage broker told us we were being stupid. He emailed to apologise a few months later!

Original poster
WakeMeFriday · 11/07/2025 17:21

VanessaFence · 11/07/2025 17:17

I got 1.9% on a 10 year fix at end of 2021. Probably the best financial decision I've made!

Edited

Amazing, happy for you. We are almost going to make this decision in 2020 but DH thought it was high. Don't know what he was thinking!

OP posts:
VanessaFence · 11/07/2025 17:17

I got 1.9% on a 10 year fix at end of 2021. Probably the best financial decision I've made!

Original poster
WakeMeFriday · 11/07/2025 17:17

We have fixed with existing lender at 3.87%. they have agreed that we can change it to a cheaper one before Nov, if anything less comes up but looking at the projections, seems its going to go up a bit this year.

OP posts: