5 year interest rates drifting?

MFW_ASAP

sheffield_lad wrote: »

I have my eye on a 10yr fix with Yorkshire BS 3.89% the only reason I have not jumped yet is I still think there is time before a rate rise. I am on SVR around as similar % just want to get my full 10yrs moneys worth. lol


I wonder if I can reserve this deal?

That's a really good 10 year deal. The best I saw when I was looking 4 months ago was 3.99 with a large fee.

I think most will hold for 3 months once you have started the paperwork.

wotsthat

wotsthat wrote: »

In June/ July I reserved a 5 year fixed rate with Nationwide at 2.99% with no fee.

Not long after the same deal was 3.09% with no fee.

Today it's 3.09% plus a £99 fee.

I have a mortgage on a second place which is fixed until January 2015 (3.69%). I can't decide whether to tap up Nationwide for an additional sum (3.09%) against main property and stick it in the bank until 2015 or just take whatever is on offer in 2015.

That aside - anyone else noticing a shift upwards in longer term mortgage rates?

The 3.09% 5 year deal available to me last November is now 3.19%.

They're still drifting upwards.....

michaels

wotsthat wrote: »

The 3.09% 5 year deal available to me last November is now 3.19%.

They're still drifting upwards.....

It would be nice to see savings rates doing the same....

MrRee_2

The MMR to be implemented very soon is going to cost money and they are clawing back that cost .... it's that simple - plus swap rates are slightly higher of course.

lentrix92

i watching the 5's as well - my previous 5yr ends in June - so i think i can apply in March, but if rates start to move fast i may have to go early and take the ERC on the chin ..........

PaulF81

Just priced in our 5 year fix, even with rate rises forecast with current swap rates, we save 1500 quid (after legal fees etc). So wondering whether its really worth bothering with. We may fix despite it being pretty much cost neutral for peace of mind, but feel a lot of talk of recovery is currently being bigged up. I dont see the Eurozone crisis going away anytime soon and its our biggest export market.

Currently paying 2.49% with unlimited overpayments and 40% loan to value.

Thrugelmir

wotsthat wrote: »

They're still drifting upwards.....

Funding for lending has finished.

BOE may well be watching the impact. The markets may do the work for them.

chucky

wotsthat wrote: »

In June/ July I reserved a 5 year fixed rate with Nationwide at 2.99% with no fee.

Not long after the same deal was 3.09% with no fee.

Today it's 3.09% plus a £99 fee.

I have a mortgage on a second place which is fixed until January 2015 (3.69%). I can't decide whether to tap up Nationwide for an additional sum (3.09%) against main property and stick it in the bank until 2015 or just take whatever is on offer in 2015.

That aside - anyone else noticing a shift upwards in longer term mortgage rates?

I fixed at 2.74% for 4 years fee free for existing borrowers with the Halifax last month, taking calculated risks in the middle of the financial crisis was a good decision :T

ruggedtoast

chucky wrote: »

I fixed at 2.74% for 4 years for existing borrowers with the Halifax last month, taking calculated risks in the middle of the financial crisis was a good decision :T

Fixed at 2.39% with no fee from Barclays. Only for two years but still worthy of a groin thrust.

MFW_ASAP

I fixed for 5 years at 2.79 fee free, also worthy of a groin thrust.