At what mortgage rate are you now?

[WakeMeFriday]

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?

5.4% mortgage of 330k - monthly repayments of 1620

1.9% fixed which ends in 2027. I would recommend getting a broker as they do get deals that are exclusive to them. But look yourself too, that way you are covering the whole of the market.

We fixed 3 years ago at 1.4%, it’s the only time we’ve ever had something like this in our favour!

not recently but I went from 1.3% I think to 4.8% wanted to cry from a mortgage payment of just under £500 a month to one just under £800. Got till January I think to go before I can change it anything under 4 I’d be happy with. Fixed it for 2 years in the hope it wouldn’t get worse than 4.8%

I'm in the middle of a 1.2% fix.
Paid an erc and got it when putin invaded Ukraine/during tory party death throes.
The product had cashback so that paid for the erc.
If I were having to remortgage in the near future I'd go 3 year fix max and look for 3-4% (which are historically normal intetest rates)

We're on 1.5%, it's a 5 year fix. Ending this month. We've secured a new rate of 3.85% in a 2 year fix but I'm going to call the bank on Monday as we might get one slightly lower still.

Payments going up by circa £240 per month.

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

6% because Liz Truss is a c*

2023 mortgage due to divorce. Due to hear from my mortgage man very soon and hoping he has good news.

We fixed 3.3% for 10 years a few years ago. We would never have done that, but we know we can just about afford those payments. We can port the mortgage and in another 3 years the early redemption fee isn't crazy. We just couldn't risk it. It already went up by £200 per month.

Oh my, that's very high, hope you can move to something cheaper.

Think it's good rate

There was some news today about rate cuts.

London and Country are whole of the market and free, so that would always be my first port of call for any mortgage deals. I use their website to see their best mortgage deals but my own provider has always done great offers which are slightly better.

My mortgage is with Nationwide and I am sure they let you lock in a deal 6 months before it is due to end, so despite rates rising and rising, we had already agreed the rate to start when my previous fixed rate ended. It was a few years ago so I can't remember precisely. Put your details into L&C and see what comes up.

We are about 64% LTV just renewed for 5 years at 3.99% this had a fee of £999 but the non-fee options are higher rate making it about the same overall

Barclays, been with them for 4 years so far

Can’t remember exactly but around 2-3% mark - fixed for 5 years 2.5 years ago (already dreading it being up for renewal). I completed the Friday before my mortgage offer ran out that weekend (stress!) so counting my blessings for the moment 🙏

My 1.4% mortgage came to an end in May, I got 3.9% fixed for 3 years, 45% LTV with Accord, I stayed with the same mortgage provider as it was much the same elsewhere.

If it’s just permission to let on a normal mortgage then it won’t make any difference but if it’s a buy to let mortgage specifically then you should get cheaper if you change to normal mortgage. I had permission to let before and it was just on a normal mortgage and didn’t affect the rate before or after.

4.7 a year ago fixed for 2 years. I feel like I've been ripped off looking at other replies

If you got 1.9% fixed that would not have been done in the last year.

No broker could get a rate that good at the moment.

It wasn't in the last year, we fixed for 5 years. I want trying to imply that I was merely advising going to a broker as well to see what deals they have access to. I work for a bank and we have broker only deals

@sparepantsandtoothbrush that’s not too bad, ours was 4.45% two years ago and now renewed at 3.99

the ones with 1% odd are when the rates were super low a few years back, those definitely don’t exist at the moment

Just completed 4.2% for 5 years with 53% LTV….borrowed 25k extra and repayments gone up by just £207 per month so reasonable for us…

3.89% fixed for 5 years a year ago. Our payments went up by £130 a month from our previous fixed rate.

I contemplated in spring-2022 (iirc, could have been 2023) paying the 1% ERC and remortgaging early. Decided no way would rates go up 1% in 4 months - what a bad decision that turned out to be. We could have fixed at less than 1.5% at that time. Instead IRs shot up and we ended up remortgaging at 3.41%. Booked the rate on September to start the following March when our 5 year 1.89% was up. It could have been a lot worse if I hadn't got that deal. A few weeks later it would have been over 4%.

Hindsight - sigh!!

2.1% for 2 more years. Currently ignoring the issue.