50% LTV 4.2% - am disappointed tbh

[3BSHKATS]

Seems little incentive to pay it off once under 80%
Has anyone seen any better deals, brokers don't reply/not interested as it's a very small mortgage >£100K

The rates are what they are... you still "only" own half your house...

I fixed earlier in the year 66% ltv on 3% interest. I got a better deal because the markets, your deal reflects the market surely

Apart from broker have you shopped around?

No just reached out to a couple who seemed to think remortgaging wasn't worthwhile, 4.2% was a good deal without product fee's etc

They will get less than £500 for sorting out your new mortgage which is why nobody wants to do the work.

That's a crap rate tho. We got 4.89 for 95%.

I would try finding some tiny, maybe even one man brokers.

I’m 34% LTV and just managed to get 3.99%. So I don’t think you’re doing too badly.

Generally, there are three bands - once you hit 50% better rates don’t tend to go any lower.

Are you able to get that rate with your current provider? If so, bear in mind that by staying with them you remove the whole hassle of valuation by new provider, financial checks etc.

Yeah that's my thoughts too. Should clear it entirely by the time its up for renewal next time

We’re 40% loan to value and got a
similar rate. Almost £700k of equity. Once you go below 60% it doesn’t make any difference.

I work for a broker and sub 100k mortgages aren't that rare, am surprised so many have said no! Once you get below about 60% though rates don't really get much better, and any fees can more easily negate the benefits of a small drop in rate on a relatively small loan amount.
Good for you for getting so close to paying it off though, I am hoping to be in the same position in a few years (I'm quite old)

Just look at the money saving expert best buy tables or compare websites.
https://www.moneysavingexpert.com/mortgages/best-buys/

e.g. HSBC publish theirs and 60% is the point that the rates don't go lower: https://www.hsbc.co.uk/mortgages/existing-customers/switch/rates/

I've found with a (relatively) small mortgage that a higher rate but with zero arrangement fees is cheaper over the term. Also the aggravation / time to switch suppliers hasn't been worth it.

But sadly the days of sub 2% interest mortgages have gone.