Best 5 year fixed rate mortgages

CrazyHorseB

confused31 wrote: »

a few people are reporting that people are taking up mortgages, i think a lot of it has got to do with the svr rate being so low, people think why bother when they are on such a low rate anyway.

.. I should have qualified my statement a bit better! I mean't mortgages haven't really taken much of an upturn on previous months and given that Easter is supposed be the time when people come out to buy a house it was hardly an increase at all.

Purely anecdotally, I have noticed a lot more for sale signs recently and also qute a few sold signs, I was surprised last months figures weren't higher.... maybe next month will show a bigger increase!

haziec

CrazyHorseB wrote: »

.. I should have qualified my statement a bit better! I mean't mortgages haven't really taken much of an upturn on previous months and given that Easter is supposed be the time when people come out to buy a house it was hardly an increase at all.

Purely anecdotally, I have noticed a lot more for sale signs recently and also qute a few sold signs, I was surprised last months figures weren't higher.... maybe next month will show a bigger increase!

I know an EA (independent one and a reliable source) and they said they have been very very busy during the past month, theres lots of "sold" signs on their properties at the mo.

mark5

I live in a street of 52 houses and 4 houses have come on the market and all sold and completed since xmas.

Redrow and Elan homes have also started building on sites near to me again after leaving the sites half finished this time last year.

matt987106

my fixed rate ends this month

i will go down tot he SVR at 3.5% and to be honest, thats not bad ( for now )

i would like a fixed rate for 5 years, just hanging on a while to see what happens, though a fixed rate at 4. something would be fine for us

Forever_Red

matt987106 wrote: »

my fixed rate ends this month

i will go down tot he SVR at 3.5% and to be honest, thats not bad ( for now )

i would like a fixed rate for 5 years, just hanging on a while to see what happens, though a fixed rate at 4. something would be fine for us

Mine's up at the end of May as well, then I drop to the Cheshires Svr of 2.5%. I'm looking at the YBS 5 year fix offset 4.69% with £245 fees and free legals 75% Ltv. They will hold this rate for 6 months ( you have to pay £195) so I think I will book this rate and stay on the Cheshires 2.5% for the next 6 months and take up the YBS offset. That is unless the 5 year fixes come down a bit in the next 6 months, then I will look around and see whats about. It might cost me £195 but I'm trying to cover all options.

Alan

part22

I'm currently with YBS and looking for a 5 year fix. I owe just less that £40k, currently have 12 years left but want to reduce that to 10.

It's not worth me paying fees I don't think. The best YBS have to offer their loyal customers is 5.19% for 5 years and they want £75 to change from 12 to 10 years. I think it works out at £407ish and I'd then pay the allowed extra 10% overpayment taking it to just less than the £450 I'm currently paying.

A few questions...

Why can't I get the better rates being offered to new customers? (I'd happily stay with YBS as they've been okay but I'd take my business elsewhere if there's a reasonable saving to be made. I'd guess I'll need 4.89% to be worth anymore than a fiver).

Are there any good fees free deals about?

Thanks in adavance for any help:cool:

CrazyHorseB

Does anyone actually think the 5 year rates might come down in the next few months?

spectre

part22 wrote: »

I'm currently with YBS and looking for a 5 year fix.

YBS, whos that then the ,,,, Youth Bank Scheme :rotfl:

JSF

I reckon its hard to recommend anything as things keep changing and peoples circumstances are different.

However when I did research the Brittania offered some competitve deals, including no fees or arrangement fees so I remortgaged with them.

However I would suggest going to a branch if you choose Brittania as I found the online service slow and needed a prod from time to keep it going and it took 5 months to arrrange when the branch would have done it in half the time.

Jacka87

I am looking for a 5 OR 10YR fix but cant remortgage until end of june. One website I have been using is fsa.gov.uk/tables. Its impartial and you enter all of your information, apart from salary and it gives you a list of the deals available. You can then sort them by lowest initial rate, exactly what you want if your fixing!

My biggest concern is figuring out when to make the jump, I wanted to do it a fortnight ago but couldnt cos of a work probation period. Since then the mortgage I was looking at with rbs has been pulled, though the abbey now have a slightly better deal but I dont know all of the tie ins etc yet.

When to make the jump?????