Page 2 | Mortgage rates at the moment

NoOneKnowsWhoYouAre · 2025-03-25T20:06:59+00:00

Due to remortgage in September. Spoke to advisor today and he has found a rate of 4.05%. He said that they have been roughly 4.5% at the moment and that this is a good deal, I'm inclined to agree but wondered what others were being offered. Info: 50% loan approx and 15 year term

billandtedsexcellentadventure · 05/04/2025 07:05

Mines at 4.09%. Just fixed.

Rellotello · 05/04/2025 07:34

Twiglets1 · 26/03/2025 17:58

I think it's a bit early to be worrying about it if your current deal doesn't end until September.

I would leave it until May say, after the next BoE meeting as if the base rate falls again we may see some better mortgage offers.

Though I agree with people saying the rate you have been offered sounds decent, it may be lower still nearer to September.

This is poor advice. You can agree a deal 6 months out without locking in so you can essentially take advantage of the best deal over the course of that 6 months. I agreed a deal the Aug before Liz Truss, although I didn’t actually switch until the Feb after. Probably my greatest financial decision ever!

olololpk · 05/04/2025 08:18

Rellotello · 05/04/2025 07:34

This is poor advice. You can agree a deal 6 months out without locking in so you can essentially take advantage of the best deal over the course of that 6 months. I agreed a deal the Aug before Liz Truss, although I didn’t actually switch until the Feb after. Probably my greatest financial decision ever!

Show quote history

Considering how volatile the world order feels at the moment also, I think it’s especially prudent to reserve in advance, what’s there to lose?

Twiglets1 · 05/04/2025 08:18

Rellotello · 05/04/2025 07:34

This is poor advice. You can agree a deal 6 months out without locking in so you can essentially take advantage of the best deal over the course of that 6 months. I agreed a deal the Aug before Liz Truss, although I didn’t actually switch until the Feb after. Probably my greatest financial decision ever!

Show quote history

Well I did say in a subsequent post that it can’t hurt to lock into a rate 6 months in advance if you want peace of mind. I was more giving my personal opinion in the post you quoted rather than giving advice.

But yes - it’s better to be safe than sorry & I should have included the word “personally” to make it clear that’s just what I would do, so I admit my opinion was wrong on that occasion

Original poster

NoOneKnowsWhoYouAre · 05/04/2025 09:09

Fix took less than 2 days to complete from application to offer. Never known it happen that quickly before. Hope the rates drop a bit more though so I can switch to a rate!

OP posts:

rainingsnoring · 05/04/2025 09:20

NoOneKnowsWhoYouAre · 05/04/2025 09:09

Fix took less than 2 days to complete from application to offer. Never known it happen that quickly before. Hope the rates drop a bit more though so I can switch to a rate!

I think you are very likely to get a better deal later in the year, as I said above. This lowering of yields will be 'helped' even more by the Trump tariff effect.

As I also said, I would be inclined to take a long term fix because I think much higher rates are a bit risk further down the line.

BearyNiceEars · 05/04/2025 20:54

I remortgaged toward the end of 2024, 4.1%, 52% LTV, 5 year fix. Glad I did that considering the global market volatility we are seeing at the moment, gives me some reassurance for the next few years at least.