Cheapest two year fix ends

meanmachine_2

For a few weeks Britannia has been clinging on to its 4.34% two year fix - which I think was the cheapest on the market.

That's ended now - back up to 4.54%.

Anything left out there that's cheaper?

stanmoresaver

Probably not- fixed rates are definately on the increase.

HTH

SS

payless

If talking just 2 yr fixed :

The C&G deal ( 4.45% - which for some remtgs was possibly cheaper than old Brit BS deal anyhow , as it included some "fee assistance" ) goes next Wednesday

lisyloo

I am currently on Britannia 4.5% variable (no tie in).

I have missed their 4.34% deal.
I am now mulling over whether I should go for the 4.54% deal which will cost me £499.
Mortgage is about £200K so if there is one rate rise half way through the mortgage (for 1 year) then I'll be even.

My own feeling is that we are likely to have more than one rate rise and it's going to be sooner than one year, so it looks like a goer still.

Does anyone have any views?

I don't NEED to fix, I just think that rises are now pretty much inevitable.
US rates are 0.5% above UK rates and the $ is weakening against the £.

payless

Its the old horses for courses ... does depend a lot on how much the current "no tie" is worth to you

MortgageMamma

I've found the C & G 4.45% to be the cheapest at present closely followed by RBS 4.49% 2 year fixed, think RBS would be the better option for anyone though as they give their existing customers same rates as new customers at end of term unlike the likes of abbey and halifax

payless

so do C&G theese days

gehngus_2

Hi all.
We have just finished a 3 year fixed "self build mortgage" for a D.I.Y barn conversion.
Even though ive done the whole lot myself and saved a bomb, Im still skint as a result and need to know if im paying out too much now.

I have no idea what rate im paying , how do i work it out

I have a 58k mortgage and am paying, £390 PM. thats all i have for now.

Its posible ill be selling within the year so there is no point in taking out anything with a redemption charge.

What do i need to look for? Am i paying more than i should?

thanks in anti..

Steve

payless

You really need to phone and ask, as the term and type of mtg would aslo be needed to try and work the amount backwards

meanmachine_2

Never seen this before - Stroud and Swindon (who?) are doing a, wait for it, ONE year fix at 3.99%. Factor in a whopping 799 fee and it seems utterly pointless to me. Still, just thought i'd pass it on.

Otherwise, yes, C&G's 2yr is the cheapest right now. First Active also do a fix at 4.49 - again with a stupidly high fee attached.

MortgageMamma

The fee's are not showing signs of becoming any cheaper either. Have inside knowledge FA will alledgedly be pulling the 4.49 fixed off market as of Friday. No doubt to increase their fixed rates in line with other lenders.