How much % interest in your mortgage

[Sabrina124]

Ours is 1.99% fixed for another 3 years. At the time it seemed like a good deal but now I wonder if we were fools. Not much we can do about it now obviously, we will just have to wait it out until the fixed term is up.

We've just fixed for 5 years at 1.44%. Before that it was around 2.69%

1.99% for 5 years fixed.

Should add, we are paying a substantial booking fee for that rate

1.99% is still a very good deal. Of course you can get lower rates when interest rates fall - but look at it historically, less than 2% is a great rate and you have assurance your payment is fixed no matter what happens.

First time buyer here and we can't get an AIP at the moment for less than 3.5% (some higher) I'd be very happy with 1.99%

0.29%

@Bwlch

0.29%

Wow! Offset?

Ours is 1.79, 5 year fix with two years to go.

Haha mine is 3.79% I’d be bloody laughing if I had a 1.99%

Wow! Offset?

No, a base rate tracker at 0.19% above. It has saved us a fortune.

@Bwlch

Wow! Offset?

No, a base rate tracker at 0.19% above. It has saved us a fortune.

Nice!

1.99 2 years into a 5 year fix however also making monthly overpayments of minimum £200

0.6%

It’s a base rate tracker at half over base. It’s saved us loads over the past 15 years.

2.29% with a 5year fix. I'm 3 years in to this now but I wanted to weather the Brexit storm.

1.6%

1.89% 3.5 yrs in a 5 yr deal. Make small overpayments Of £79 to round up to a neat number but at renewal ideally we will overpay by £200 a month. It’s currently a 35 year mortgage so want to bring that down too as we are 40

About 1.6% Currently half way through my latest 2 year fix.

We also have a base rate tracker. Paying 0.49% above base rate. It's interest only so that's less than £50 a month. Putting away as much as we can in a higher interest rate savings account.

1.99 here i think, maybe 1.79? I'd rather have the security of a fixed rate while we have childcare costs. Maybe when dc are teenagers we'll play tracker rate roulette

1.99 fixed for 5 years, the other one is a lifetime tracker rate of 0.24% above base taken out in 2005/6 ish. I bet they are kicking themselves about that.

Our new one is 2.18%

0.48%. Another lifetime tracker from about 12 years ago.

We've never fixed and it's been consistently cheaper for all but about 3 months in the last 25 years. Certainty costs.

You need to consider ltv and product fees as well as just percentage. We have a 5 year fix mortgage at 2.09%. This was without a product fee. There was also a 1.89% 5 year fix available with a £999 fee. However as our ltv is very low (under 20%) it would have actually have cost us more over the 5 year term to take the lower percentage product because of the high product fee.

Oh and we've always preferred long fixes because of the certainty of payment. Yes we've probably overpayed compared to those on trackers, but we prefer to pay for the certainty.

Ours is 2 - 2.5%!but mortgage is very small and we over pay and can draw back down.

I remember when a good fixed rate was more like 6%!!

1.89 5 years fixed