If you recently got a re/mortgage what rate did you get

[Maryofscots]

Just that really. Our fixed mortgage is coming to an end in July and we are starting to shop around for new deals. If you're about to or just re/mortgaged what interest rate did you get? Did you fix or go on tracker with fingers crossed for the future?

Same. Will only have a year or 2 left to pay once it ends so for us was a good decision.

4.6% 5 year fix, current being processed. 55/45 loan to value ratio.

We found that our options have been massively reduced due to the changes in affordability criteria.

We went from being in a very comfortable position in the summer where we had a big choice of lenders to now where this is literally the only lender who will lend us what we need. And it’s a 35 year term.

I blame the cost of childcare really screwing us over tbh.

Wow, quite a range! I'm tempted to go for a tracker with the hope that things will improve, inflation slows and stabilises and BoE reduces this high base rate. Tricky though as part of me thinks the days of 1% mortgage rates are behind us and will not return anytime soon!

Just had a call from the mortgage broker and the rates have gone down again! Still above 4% but £25 cheaper per month.

We’re fixing because we know we want another baby within the next year or so and need some cost certainty whilst I’m on maternity leave.

I also don’t think 1% will happen again for a long time if at all. I don’t think it’ll reach 10% like it has in the past but I think 4% ish is here to stay for a while

4.35% here on a 5 year fix.

TBH I am disappointed. There seem to be lower rates out there so not sure why we aren’t getting them (via broker). 2* multiplier of income, no credit file problems at all (999 rating even though I know that is meaningless), aced the affordability checks, 55% LTV.

I currently have 4.53% 5 year fix reserved as we have been reserving the rate fortnightly until my current fix ends on 2 March.

I was hoping for one more price drop before then so fingers crossed. It will cost me £60 a month more than I am paying now, so not too bad, but of couse I have paid a lot off over the past 5 years, so I am paying out much more than I was , but we are are all in the same boat.

I have 12.5 years left out of what was 15 years due to overpaying, so am hoping to clear the remainder in 10 years now. I overpay each month by £200 and try and pay a total of 10% by the end of the year.

4.1% five year fixed with our existing mortgage lender.

We were contemplating going onto a variable rate but prefer knowing what we'll be paying each month.

As another poster said the days of low rates are most definitely over.

Question - if I have an offer agreed, but the lenders rate on that product goes down before the moving date, can I ask them to reduce the rate on my offer (and are they likely to)?

So our application went in last week, no proper offer yet but the broker said today that he would keep reminding the lender that we want their best rate, not necessarily the one they have on the AIP.

I don’t know if once you have the offer they can’t change it

4.04% 10 year fix with Halifax. Planning to pay most, if not all, of it off over the period as only £160k remaining.

3.14 10yr fix with Barclays

3.99% five year fix secured today with HSBC via a broker. Borrowing around 2 x our income and good LTV. Felt like a safer bet than the two year 4.29% tracker. Planning to overpay as much as possible.

This makes me mad with my broker. Sounds like very similar circumstances so why am I paying .36% more? (Barclays)

Yes that would be the case with our mortgage provider.

Just fixed a 5 year buy to let at 5.4% pretty happy with that.

We've taken a gamble with a tracker hoping fixed dates improve at some point.

This is really good! Did you secure this recently or a few months back?

The 3.14 was agreed in November for a January switch so we were already with Barclays and have an LTV about 40% but yes, we had feared worse

We were going to go with a tracker (+0.39 above base rate) but managed to secure a 2 year fixed at 4.7% which meant there was barely any difference between the tracker and fixed. With 2 year fixed protected in case it went up again but not fixing for too long. We secured this deal last Monday and it has already been scrapped so we got very lucky. (Neq deal to start in May just wanted to organise as soon as we were able).

Just wondered how you got on with your rate choice as we are about to unfix end of July at 70LTV but best I’m finding is 4.01% for 5yr fix. Half the current loan is tracking 0.29% so we could keep that but I’m not sure. Plus annoyed that current lender isn’t matching best rates & wants to charge £1k for me to switch in their App!

We went for a tracker of base + 0.33% with the idea that we will keep an eye on the rates. If they go down to an attractive level, we will just switch and fix at that point.

We have a split mortgage, only one of the two parts was due a remortgage, the other (bigger part) still has just over 2 years at 1.64%. We might also consider aligning the two when the bigger part comes to an end.

4.05% 5 years with no fees at all, staying with same lender.
We need some security and as have high outgoings we couldn’t really change lender. I wouldn’t lend to me at the moment but fortunately Natwest didn’t check.

By the time this rate ends we will not be paying for childcare so it’s all more affordable. We are just winging it for a bit now.

4.61% over 2 years with the current lender. Key thing for us is it has a 50% overpayment limit before ERCs kick in as we're expecting to be able to pay a chunk down during the period and as the mortgage shrinks, the 10% overpayment limit wouldn't cut it.

We’re in the early stages of buying - mortgage appointment on Thurs and the rate on the lender’s site (First Direct) is currently 4.17% for the fee-free option. That’s with 75% LTV.

Annoyingly they were offering 4.04% up until the day after our offer was accepted.

I am glued to this at the moment...it tells you the average uk motgage rates and is updated daily

https://www.uswitch.com/mortgages/uk-mortgage-rates-today/

Interesting to see the updates we can’t decide whether to track the other half or fix for next 5yrs. I’d anticipate the base rate dropping but not for another 18mths and as the 2yr fixes are high I suspect we will try getting the 4% 5yr fix. But if the banks are offering that it signals to me they expect the rates to drop by year 3..