what's your mortgage rate?

Rikki

I'm on a Base Rate + 0.5% for the life of the mortgage.

comping_cat

Ive got 4.99%, was fixed last October for 5 years. Slightly higher rate than i couldve got, as it was a self cert.

Gorgeous_George

Residential - BR + 0.74% for life (attached savings account at same rate effectively). Britannia.

BTL - BR + 0.89% for life (no attached savings account). Nat West.



GG

Joe_Bloggs

@Georgeous George do you claim back the interest you pay against the tax you pay on rental income.
J_B.

cloud_dog

4.69% fixed for 5yrs in March

nellis10

Mortgage 1 - 5.02%, for 2 years, no fee.

Mortgage 2 - 4.8%, fixed for 5yrs.

sread81114

4.99% fixed for 10 years taken out in July 2005. Mortgage over 15 years but hope to repay at end of fixed rate.

ddavis

139k at 4.94% fixed until Nov 2007.

Will be changing when the fixed period is up to something with more flexibility.

bunking_off

It's interesting (forgive the pun) that those people on fixed rates always just quote the interest rate. That's fair enough if it's a long term fix, or big mortgage.

I wonder, however, how many people have (say) £50k mortgages which are fixed over a year or two. If application fees/valuation fees are payable, and when the deal expires/you switch mortgage again a deeds release fee is payable in order to effect the switch - say £500 for all 3 to ease the maths - that'd equate to the effective rate being 1% higher for a 1yr fix, or 0.5% higher for a 2 yr fix.

I wonder how many people take this into account (particularly since the latest wheeze from the banks seems to be to hike the deed release fee so when you take out the mortgage you've no way of knowing what they'll charge...)

TNG

:eek: :eek: :eek: :eek: :eek:

I think I've beaten the lot of you!!!

5.75%

May have to start reading some mortgage threads........