What is the interest rate at the moment for mortgages?

[oliveoil]

Am inputting vague figures in the bbc mortgage checker and have been putting in 5% as a vague guess....is this too high or low?

Want to move house and need to give my timid dh some ballpark figures for us to upgrade instead of playing safe.

Ta.

5.25 i think, well thats what ours is

I'd go for 6 personally but it really is how long is a piece of string

Mine is 7% ish

I think ours is around the 5% mark but I wasn't sure.

Dh wants to play safe and move with a view to moving up the ladder again in a few years (when maybe I will do more hours).

I want to just move and then never move again.

Not sure who is right at the moment so want figures on dream house v safe house iyswim.

xx

i think the baserate is around 4.5% so 5% might be a bit of a low estimate, depending on what kind of mortgage you are going for. Mine's 5.6%.

Think ours was 5.45.

Should I do it on 6% then? Pah. Back to the drawing board.

Oliveoil - calculate the extra lot of stamp duty, and other moving costs if you move TWICE.
What about a 'cautious' move but into a house which can later be enlarged by good loft conversion or extension? Then you get the upgrade without the stamp duty, etc.

You should be able to get something between 4.5 & 5%. We've just got a fixed rate deal for 4.79

Tamba .. you should look at remortgaging .. check out moneyextra.com it will show you what options you have

go for the biggest step you can afford .. seriously the amount you lose in fees and taxes and associated costs is horrific ... when we moved 5 years ago we lost over 11K (well not lost just not directly into house)

if you are going to be working more in a few years then go for a 5 year fix

We're on a variable rate of .75% over base rate ie atm it's 5.25%. You should be able to fix for lower but you pay an upfront fee to do so.

We are on 4.5% fixed until 2010. Portman building society, they still have good rates.