Lowest 2yr/3yr Fixed rate (with lowest fees)

mb3006

We are currently coming to the end of a base rate tracker mortgage with NAtionwide for which we are currently paying 1.97% (fantastic). Obviously anything we move to is going to mean a hike in our rate but I have been looking around trying to find the best 2/3 yr FR deal possiible. The best I have come up with so far is First Direct 2yr FR at 3.64% and fees of £498. Our LTV is approx 58%.

Is anybody else able to help with info on a lower rate or lower fees or a longer term deal for a similar rate? Any help at all very much appreciated - thank you.

chunky02

I am in the same boat as you, have you looked at the capped tracker nationwide offer to current customers?

2 year base rate + 2.49% capped at 3.99% £999 reservation

3 year base rate + 3.49% capped at 4.99% £699 reservation

I am tempted by these although reservation is a bit high or might just let it ride on their base mortgage rate for a while (which you lose if you go onto these as have to go onto their probably higher standard mortgage rate at the end).

Anyone any other advice?

Peelerfart

Stay on SVR. Is there a reason to rush to fix ?.

MB1919

Woolwich are offering a 2 year fix at 3.89%. The arrangement fee of £199 can be added to the loan. No other fees whatsoever.

mb3006

Peelerfart wrote: »

Stay on SVR. Is there a reason to rush to fix ?.

I feel that with rates being so low there is only 1 way they are going to head and that is up. I just worry that if I wait for a bit and rates do go up, that the fixed rate deals will all head in that direction too and that I will have missed out on the current low rate deals.

chunky02

Saw my mortgage advisor last night and he is recommending the Abbey 4.39 % 3 year fix £995 arrangement, bit of short term pain for hopefully a longer term gain.

Any opinions?

andyroberts1967

I'm looking at a Woolwich lifetime tracker which is tied in for two years at base + 2.69% - there is a £299 fee but there's also £200 cashback on completion. I can make overpayments up to 10% and after the two years I can either stay on the tracker, adjust to the SVR, or look elsewhere. We have LTV of approx 55%.

chunky02

Of course it is now the 4.29% 3 year fixed at Abbey!