What's your rate...?

rich744 · 28 January 2011 at 11:27AM

Interested to know the average interest rate.....?

I'm on a variable with the Nationwide of 2.5%

Is yours better or worse...?

Meeper · 28 January 2011 at 11:30AM

"Better" and "Worse" are relative terms. I am on a rate of 3.99%, but it is "better" for my circumstances.

It's questions like this that cause problems and confusion. Mortgage products are more than just a rate and have many different factors which are important to many different people. What is "good" to me might not be "good" to you or anyone else, so your question, I'm afraid, serves no purpose whatsoever.

If your 2.5% BMR with Nationwide is something that you consider "good", then stick with it. I know people who would re-mortgage away from there onto a 4% fixed rate for 5 years for the security of knowing what their payments will be, which is "better" to them as individuals.

Peter_L · 28 January 2011 at 11:36AM

0.5% above base for term (25 years)

kev.s · 28 January 2011 at 1:48PM

2.99% with santander (finished in oct) my other rate was 4% with NR but that one is paid now

challengedavid · 28 January 2011 at 7:25PM

.35 above base for term, good rate atm, not always that way though

funscott · 28 January 2011 at 8:20PM

0.75% above base rate tracker for term of 25 years. 12 month term per rate (doesnt matter if it goes up half way through the year i still pay the same for 12 months.

polomint_2 · 29 January 2011 at 10:39AM

Mine is 4.99% fixed for 5 yrs

(I wanted a fixed to know what i was paying up to when my partner retires)

which sounds awfully higher than everyone else on here.

Though we didnt have the whole of the market to choose from as we needed one for my partner who will be 75 at the end of the term.

JonnyBravo · 29 January 2011 at 10:50AM

rich744 wrote: »

Interested to know the average interest rate.....?

I'm on a variable with the Nationwide of 2.5%

Is yours better or worse...?

0% - quite competitive eh?

sharloid · 30 January 2011 at 12:29PM

We're on a 5.84% fixed for 2 years, which is due to come to an end in March. We're then thinking of staying with Nationwide on the BMR which is 2% above base rate. I'm not too sure though, either that or back onto a fixed rate at about 4.3%.