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?

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!

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

Fee free because it's better for me.

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)

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.

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.

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.

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!

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!

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.

Same!!

Gods favourite. 🤩

Just been quoted 3.99 or 4.14 for a 5 year fix - we have a decent LTV and I think could do better if we moved from our current lender but DH was made redundant and has been out of work for a year now so we would fail affordability criteria ATM so have to stay put.....

Remortgaged in February at 3.69%. Deliberated a lot at the term - went for 5 years. That was brokered back in November though. Before that I was on a tracker which really really hurt.

A horrifying 5.74%. Not long left at this rate though! But we only bought in 2022 and it's still less than our rent was.

I'm buying a house and just got the mortgage application approved. The rate is 4.07% fixed for 2 years. We are hoping rates might improve a bit by then, but who knows. Oh and our LTV is very low (20%) so I'm wondering if we should have got a better rate based on the fact that some of you got under 4% recently.

Mine is 3.25 and fixed until it's paid off

Same. I read a post on here and we bought out our mortgage which had 6 months extra remaining. Cost us £2k at the time but will save us close to £500 a month. Insane.

We've just applied for one at 4% exactly - it was the cheapest we could find (that didn't have product fees)

It’s hard to say because people are just giving the very basic details.

Like I posted saying my daughter got 3.9% very recently but she did have to pay 1k in fees so not as good as it seems.

4.18 fixed for 5 years last summer no fees. We stayed with the same lender to avoid loads of paperwork.

True. Forgot to mention our 4.07% rate was with no fee. We could have got a slightly lower rate if we paid a fee, but with the amount we're borrrowing, we save more if we don't pay a fee and go for a slightly higher rate.

I doubt you’ll get better than 3.8%, I think that’s what we’ve just fixed at. We’re well past the lowest 60/40 LTV point (partly because the bank WAY overvalues our house). We fixed for 5 years because rates are highly unlikely to fall dramatically and it makes life easier.

0.99% fixed for 5 years, ends Feb 27. We were lucky, we made the enquiry 5 days before Santander removed this rate offer. We increased our repayments by £100 ish but reduced our term by 5 years with this rate, and will be left with 7 years.

Just fixed at 4.1% for two years.

Exactly ... everyone has different situations with their LTVs, time left to run on the mortgage term, whether they paid a fee or not, etc.