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  • FIRST POST
    • zoothornrollo
    • By zoothornrollo 4th Oct 17, 9:58 AM
    • 248Posts
    • 28Thanks
    zoothornrollo
    Is 1.55% as low as five-year fixes will go?
    • #1
    • 4th Oct 17, 9:58 AM
    Is 1.55% as low as five-year fixes will go? 4th Oct 17 at 9:58 AM
    Been contemplating this as we want to lock into a remortgage deal before the best deals start to vanish - as the consensus appear to be that they will soon.
    But then the big lenders often cut their rates towards the end of the quarter to hit lending targets, so it wouldn't surprise me if the Yorkshire BS's deal (which will probably only be on the table for another week or two) is bettered before Christmas.
    Think we will probably go for it before it gets withdrawn as even if better deals do come out we'll only be talking a percentage point or two.
    Be interested to know people's opinions?
Page 1
    • ACG
    • By ACG 4th Oct 17, 10:09 AM
    • 15,495 Posts
    • 7,850 Thanks
    ACG
    • #2
    • 4th Oct 17, 10:09 AM
    • #2
    • 4th Oct 17, 10:09 AM
    If rates reduce by say 0.2%, how much will you save?
    Unless you have a large Mortgage it is likely to be negligible. Is it worth risking something you are happy with for the sake of a couple of quid a month?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
    • Amst
    • By Amst 4th Oct 17, 8:12 PM
    • 21 Posts
    • 9 Thanks
    Amst
    • #3
    • 4th Oct 17, 8:12 PM
    • #3
    • 4th Oct 17, 8:12 PM
    If rates reduce by say 0.2%, how much will you save?
    Unless you have a large Mortgage it is likely to be negligible. Is it worth risking something you are happy with for the sake of a couple of quid a month?
    Originally posted by ACG
    You're asking that question on this forum!? These are people that pick up other peoples receipts in supermarket car parks to get 50p off their next shop.
    • amnblog
    • By amnblog 5th Oct 17, 7:43 AM
    • 9,837 Posts
    • 3,810 Thanks
    amnblog
    • #4
    • 5th Oct 17, 7:43 AM
    • #4
    • 5th Oct 17, 7:43 AM
    No, 1.55% is not as low as 5 year fixes can go - after all, the £1,495 product fee can increase forever.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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