Is 3.99% 5 year fix the lowest it will go ??

cbrpaul

i notice more and more of the 5 year sub 4.5% deals are being pulled !!

Im kinda of surprised at this , and find trying to work the market out too confusing with all whats going on !!

Maybe this is why they are being pulled as no-one knows whats going to happen , in , 2 , 3 , 5 or even 10 years down the road !!

So could this mean an end to the long term fix rate deals until the lenders are more confidnet on whats happening i ask !!!

My only hope is that i did the right thing by fixing at 3.99% for 5 years :rolleyes:

CrazyHorseB

I mentioned this on another post, but it might at least partly answer the question. A local mortgage provider has just pulled there 5 year deal to new customers because they have "hit there mortgage targets for this year"... which I guess means; whilst they need some custom they are being very careful about how much exposure they have at certain interest rate levels.

Doesn't do me any good though!

fluffig

Well we've completed last day with B&B, first day with A&L on this 3.99% 5 year deal. Just the odds to chase up now, getting our legal fees paid by A&L and so the money for them back from our lawyers, getting the survey cost refunded, and getting the money back from B&B for the direct debit they took 2 days ago which they wouldn't take into a/c for the redemption figure ! But we'll get there ...

adandem

We completed today too:j I hope we're not waiting too long for the fee refund etc.

cbrpaul

I think its 10 days after they transfer funds you get your valuation fee back , another week for me then :-)

cbrpaul

Well valuation cheque received today from A+L , all accounts setup , and all looks to be fine,


Im quite impressed with their customer service too !!!

Stantheman

OK, After watching rates tumble in the last 6 months Ive patiently sat it out on my banks SVR whilst waiting for long term fixes to hit less than 4%. During this time I contributed to the early parts of this thread but missed the decent 5 year fixes such as A&L because I was hoping they would go lower:eek: (greedy git:rolleyes:). My thoughts now are that with so many disappearing it seems to be on the turn and we shall now only see higher long term fixes. With that in mind Ive just applied for the Principality 4 year fix at 3.99% as it seems to be the best now available for remortgages. I personally think Ive done the right thing but would love to hear everyone elses thoughts on it. Go on ruffle my hair and tell me everything will be OK and that Ive done the right thing:rolleyes::D.

cbrpaul

The way i look at it , we all want to save money , however we also want abit of security,

I was happy to pay 3.99% for the next 5 years so i went for it, rather than thinking , " Hmm if i wait i will save money"


I think you did the right thing!!! :T

CFC

We folk who go for fixed rate like the security of knowing how much we're paying. You are talking about the difference between a couple of percentage points either way. Banks and BS are looking to rebuild their financial reserves with their profit margin on loans. If fixed is the right thing for you, then you've done the right thing.

Jacka87

I have been looking for a 10yr fix as I am a new home owner and in my early 20s. I was offered a mortgage by rbs until they realised I have a probation period on my job, even though its very secure! I have to wait 2 Months before I can re-mortgage does anybody have any clue whats going on with 10yr fixed deals at the moment are they being pulled like the 5yr deals?