Historical Rates

mmcmahon

Is there any way of finsding out a mortgage providers historical rates?

I'm currently with YBS on their SVR of 4.99% but am looking to fix (preferably for 5 years) my LTV is in the 85 - 90 band and the current rate offered is 5.69%. I managed to find a pdf cached by google from the previous month and the same deal was 5.49%. I'd like to see what this deal was over the last year before making my decision, don't want to wait if it appears to be getting worse every month, however if there is a chance it could be back at 5.49% next month I'd wait.

Has this trend upwards been happening with other lenders?

Cheers

GMS

Fixed rates have been on the move lately. Dangerous to wait for the rate to go down at a time when interest rates are likely to be heading on one direction only ........ up.

Gorgeous_George

Rates could rise but I don't think that they will do so for a number of years. I could be wrong.

A fix may be attractive depending on your attitude to risk. However, there should be better rates available than those offered by YBS - not that it's a particularly poor rate.

You choose.

GG

GMS

Fixed rates are dependent upon swap rates, the rate at which the banks get the funds in. Swap rates are increasing so fixed rates are likely to do the same.

Trackers linked to Bank Base Rate will move in line with any increases/decreases to BBR. Libor rate will do the same in line with Libor.

So even if Bank Base Rates do not move there is still a danger of fixed rates rising due to the cost of funding to the lenders.

My own view is that Base Rates will rise and much quicker than people think.

opinions4u

While it doesn't answer your specific question, here's a link to swap rates which tends to update daily. Typically add on 1%-4% for a fixed rate mortgage!

For a longer term view, here's the Halifax SVR going back in time:

1 JUN 1976

10.50

1 NOV 1976

12.25

1 MAY 1977

11.25

1 JUL 1977

10.50

1 OCT 1977

9.50

1 FEB 1978

8.50

1 JUL 1978

9.75

1 DEC 1978

11.75

1 JAN 1980

15.00

1 FEB 1981

14.00

1 MAY 1981

13.00

1 NOV 1981

15.00

1 APR 1982

13.50

1 SEP 1982

12.00

1 DEC 1982

10.00

1 JUL 1983

11.25

1 APR 1984

10.25

1 AUG 1984

12.75

1 DEC 1984

11.875

1 FEB 1985

13.00

1 APR 1985

14.00

1 AUG 1985

13.25

1 SEP 1985

12.75

1 APR 1986

12.00

1 JUN 1986

11.00

1 NOV 1986

12.25

1 MAY 1987

11.25

1 DEC 1987

10.30

1 MAY 1988

9.80

1 AUG 1988

11.50

1 OCT 1988

12.75

1 FEB 1989

13.50

1 NOV 1989

14.50

1 MAR 1990

15.40

1 NOV 1990

14.50

1 APR 1991

13.75

1 MAY 1991

12.95

1 JUL 1991

12.45

1 AUG 1991

11.95

1 OCT 1991

11.50

1 MAR 1992

10.95

1 JUN 1992

10.65

1 NOV 1992

9.99

1 DEC 1992

9.29

1 JAN 1993

8.55

1 MAR 1993

7.99

1 JAN 1994

7.64

1 OCT 1994

8.10

1 FEB 1995

8.35

1 OCT 1995

7.99

1 JAN 1996

7.74

1 FEB 1996

7.49

1 APR 1996

7.25

1 AUG 1996

6.99

1 JAN 1997

7.25

1 JUN 1997

7.60

1 JUL 1997

7.95

1 AUG 1997

8.20

1 SEP 1997

8.45

1 JAN 1998

8.70

1 JUL 1998

8.95

1 NOV 1998

8.70

1 DEC 1998

8.20

1 JAN 1999

7.70

1 FEB 1999

7.45

1 MAR 1999

6.95

1 MAY 1999

6.85

1 OCT 1999

6.99

1 DEC 1999

7.24

1 FEB 2000

7.49

1 MAR 2000

7.74

1 MAR 2001

7.50

1 MAY 2001

7.25%
6.50%

1 JUNE 2001

7.00%
6.25%

1 SEPTEMBER 2001

6.75%
6.00%

1 OCTOBER 2001

6.50%
5.75%

1 NOVEMBER 2001

6.25%
5.50%

1st DECEMBER 2001

5.75%
5.00%

1st March 2003

5.65%

1st August 2003

5.50%

1st December 2003

5.75%

1st March 2004

6.00%

1st June 2004

6.25%

1st July 2004

6.50%

1st September 2004

6.75%

1st September 2005

6.50%

1st September 2006

6.75%

1st December 2006

7.00%

1st February 2007

7.25%

1st June 2007

7.50%

1st August 2007

7.75%

1st Jan 2008

7.50%

1st March 2008

7.25%

1st May 2008

7.00%

1st November 2008

6.50%

1st December 2008

5.00%

1st January 2009

4.75%

1st February 2009

4.50%

1st March 2009

4.00%

Currenly 3.50%.

TrickyDicky101

Doesn't that just go to show how out of step the current low rates are?! Given the sluggish state of the housing market at the moment (driven mainly be restricted mortgage availability I would presume) it will be interesting to see what impact increases in mortgage rates will have over the next few years. I suspect it will place a brake on any house price inflation and may well lead to the reverse (which makes me think my desire to move upwards at the moment is probably wrong-headed).

mmcmahon

Thanks for all the advice. I have booked a 5 year fixed at 5.89 and also a valuation for £75. I have 14 days to accept the new deal, if the valuation comes in higher within that time I'll get a new offer for 5.69 (unless offers change in the next week) It'll add about £75 - £95 a month to my mortgage payment but I think it will be worth it. Cheers.

dimbo61

If you are happy with the 5 year fix and can afford it! then overpay every month and try to reduce your LTV below 75% by the time you come to remortgage!