What’s your mortgage interest rate?

[Howworriedarewe]

Our rate goes up next year, we have the option of choosing the new rate now. It will go up by 0.5%, meaning an extra £85/mknth. That is not an insignigicant amount for us, but it seems like perhaps a good rate if we can hold it for a number of years. What is your current mortgage rate?

4.22% fixed until 2030. What's your new one?

We fixed back in Jan at 3.59% for 5yrs

3.99% for two years. Started in April.

We’re on 4.29% now but til a few months ago we were on a 5 year fix at 1.29%. Those were the days ahh

We were a bit lucky and fixed in 2022 at 2.45% for 10 years. Phew. Have to be lucky sometimes I guess...It's so tough out there now.

4.36% until December. New rates are more expensive :(

7.9! We only had a 5 percent deposit and self employed so required a specialist mortgage provider.. switching to a high street bank next in 2028 so being we are also vastly overpaying it down any rates will be a glorious saving for us... on the plus side. We stress tested at 10%.

base rate is likely to increase on November 5th so may be worth fixing now.

4.52 until May 2028

We have 4.01, I can fix it at 4.5 for 10 years or a bit lower (4.2x) but then for a 2-5 year term IIRC… 4.5 seems very attractive given the current state of the world…

Just about to fix for 2 years at 5.11, and that’s with less than 50% loan to value 😫

Sitting at a glorious 0 because we finally paid it off in march of this year. Then literally the next month found out we were expecting surprise baby number 3 (it's an absolute joke, our 8 and 4 year olds are the result of MUCH fertility treatments). Anyway it's a 3 bedroom house so it's currently for sale and we're looking at roughly a 200k mortgage to move to a bigger 4 bed. We've had a few viewings this week, I'm absolutely desperate to get an offer in so we can fix a mortgage offer on the house we want as it feels like the interest is going up daily.

2.45?!? Wow, I’d lick that in for the full term if I could! Jealous!

5.04 fixed for two years, which ends in July. It’s my first house, so I don’t really know what the process is, or what I should be doing now, in readiness. I figured I’d look at it in the new year.

3.7% fixed until 2033

4.95 until 2029. It went up from 2.99, which was not fun!

I took a 10 year fixed in 2022 so I am on 2.09% until 2032.
Best decision I made. By the time it is due there won’t be a huge amount left on it as we are overpaying as well, so even if rates are a lot higher it shouldn’t hit us too hard.

Another one who fixed around 2% in 2022. Best financial decision ever, taken in part because it was a big mortgage and in part because with rates at 2% they weren’t going to get much lower. The only way was up!

2.27% fixed about 4.5 years ago. Have to remortgage next year which will be painful!

4.43 until November 2029. I’d really like to overpay as much as possible before then as the end is in sight.

3.9% fixed until 2031.

4.59 fixed for 5 years and ends in 2029

Been on 3.74 for 2 years. 3 more to go.

Nothing. We paid ours off at the expiry of the previous 1.68% fixed term in June. Before we had that good fortune though we had arranged a new deal of 4.25% which was going to be around an extra £100 a month

Is it a great decision to overpay on such a low interest mortgage? Won’t you be better to invest that money for 10 years and then sink it into the mortgage at the end of the fixed term?