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Is this a good mortgage rate?

11 replies

Guuuti · 14/08/2022 18:22

2.74?

Im feeling a bit stressed! Can’t see anything lower

OP posts:
Overthebow · 14/08/2022 18:23

What loan to value is it?

Guuuti · 14/08/2022 18:25

62%

OP posts:
sugarspiceplumfairy · 14/08/2022 18:28

Sounds about right you can look here
www.moneysupermarket.com/mortgages/discovery/sourcing?from=Help-me-choose

or find a good independent broker who can give advice

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ChimChimeny · 14/08/2022 18:28

The best I could find was over 3% so seems good compared to that!

there's a comparison search on London & Country and money saving expert, have a play on there to see what else is available

CountryCatLady · 14/08/2022 18:29

Well it is better than mine. I was 2.99 for 5 years, had to change this month. Now 3.45 for 5 years. About same % as you

Although my credit score is on the floor so stayed with same provider. Had asked a broker who told me I wouldn't get anything below 5%

ChimChimeny · 14/08/2022 18:30

London & Country are.an independent broker who don't charge either

MyNameIsAngelicaSchuyler · 14/08/2022 18:30

It’s not bad. They are only going one way right now.

RumbleStrutt · 14/08/2022 18:33

Without knowing details such as term length etc. hard to say but generally I would say that’s v good. Base rate is 1.75 already so lock in now.

LordEmsworth · 14/08/2022 18:37

For a 5 year fixed rate, it's pretty low.

For a 2 year fixed rate, it's about average.

For a tracker, it's on the high side.

BarbaraofSeville · 14/08/2022 18:55

What's the rest of the deal?

Fix or tracker?

How long for?

Any fees?

If it's a five year fix with a low fee. Or you have a big mortgage so the fee is small in comparison, it sounds like a good deal if it's something you're thinking of signing up to.

EasilyAmused · 14/08/2022 19:00

We signed up to a 5 year fixed term in June at 2.64% with Nationwide. 75% LTV.

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