Mortgage LTV 80-85% - what is your interest rate?

[Lavendar01]

Just curious to know what rate other people have managed to secure for their mortgage this year

My LTV is 83% and have been offered 4.77% for 2 years

I'm an ex-teacher, now mortgage advisor (last 4 years) - rates have been wobbling slightly over the the past 12 months but are pretty consistent. Not much difference now between 2 and 5 year fixes in terms of rates.

Generally I'm finding people save by remortgaging to a new lender. Also worth looking at the value to see if you could get to 80% with another lender which will push the interest rate down a bit more.

I'd say get some advice (but of course I would 😂) Sometimes a higher rate works out cheaper over the fixed period, if there's no arrangement fee.

Another thing an advisor can do is once your application is submitted, if rates drop whilst you're waiting to swap, they can move you onto the cheaper deal.

Today - best rate is 4.78% would drop to 4.6% on 80% LTV.

Hope that helps give you a starting point 😊

That seems very high? I was looking at a 90% interest rate recently last one playing around with some extra borrowing and I could get 4.74% (Nationwide).

Oh sorry that was a 5 year fix though

So completely ignore that useful bit of info ha.