How much interest do you pay on our mortgage?

[Umbrella5]

Ours is fixed for five years at just under 2%. Seemed sensible at the time, but now rates are dropping further I sometimes wonder if we made a mistake.

Nothing we can do now, but wondered what the 'norm' is? What is the interest rate on your mortgage?

Rates depend on equity as far as I know. Mine did.
I am down to 2.2%. But I have just about 15% equity.

We've just re-mortgaged and get new bit is 1.94 fixed for 3 years, original portion is a 0% tracker mortgage that we got 20 years ago that couldn't be matched now.

I don't pay any interest on your morgage

Forgpt to say. 5 year ficx now.

We are the same op just under 2 and also fixed for 5 years. We were on 3.94 so we are happy with what we did and the uncertain the of what will happen over the next few years.

1.4%. We've always fixed for 2 years and so far every time we've come to remortgage the rate has gone down again.

Mine is a variable rate so under 2% at the moment but we are thinking of moving and having a bigger mortgage so will likely fix it just in case. I think rates will start to go up, I'm surprised they have been as low for so long.

2.09% for a 5 year fix on a 67% LTV. You will always pay over the odds to fix for longer periods of time. You just have to remember that you fixed for the right reasons for you at the time. For example, you want guaranteed outgoings for the 5 years or you're hoping to have a baby in the next couple of years so would struggle to remortgage in 2 years. It was a good deal for you at the time - no one can control the future or even predict it so you need to remind yourself that you got a pretty sweet deal at the time. Plus sub-2% is ridiculously low if you look at mortgage rates over the past few decades. It's only the past few years that rates like that have even been possible!

I don't pay any interest on your mortgage.

I think 2% is ok OP. Due to the vendors moving to a house that is yet to be built, I’m moving in the late summer/early autumn to my first home and wish I was moving pre-Brexit so I could get a mortgage now and know what the rate is. I think interest rates are likely to go up. When I was still house hunting and met with brokers I was saying I wanted a five year fix. If rates are high come August, I will be looking for a 2 year fix.

Nothing. Fixed at 5.5% over 10 years ago but been fully offset for about 9 years.

1.3% fixed for five years. Pretty happy with it. It halved our mortgage payment from our initial 5.6% interest rate so it’s allowing us to overpay.

2.5 on a tracker. Almost the lowest we have ever paid, but we are used to double digit interest rates on mortgages, as we've had once since the late 80s.

O.5% above base rate, tracker for life time of mortgage. So 1.43% I think st the mo

Tracker mortgage at base rate, so 0.75% at the moment

0.17% above the base rate, sorted out 10 years ago by my DH before we got married and the first bit of financial "luck" I have ever had!!

You have to remember that You are buying peace of mind.if you fixed at 2 per cent good for you. Don't think about it again til it's time to do it again.