Typical rate at the moment

noyk

Hi all,

I'm thinking of talking to some all of market morgage advisor's but wanted to know what a typical rate i should be expecting at the moment for an offset fixed rate for 5 years on a 190k mortgage (as. I should be able to offset over 1k per month i hope for the next year or so), any rate info or comments appreciated.

Also would it be more beneficial to offset or overpay, would i likely get a better rate by overpaying on a normal fixed rate mortgage instead?

Would it be a good idea to talk to any of the mortgage advisors on this board (since they are often very helpful), i am a little uncertain because i know of no way to verify their credentials - any info on this would be appreciated too

noyk

I should also mention that i'm self employed (don't have 3 years accounts though) but have a pretty good credit rating as does other half and i would have a 20% deposit which i think is required (?).

eira

I've got a lifetime fix of 0.49 % above base rate with the Abbey National. I have some money in the savings pot-not much but even the small amount in there makes a difference. I chose this as it was the only way I could do something about the mortgage but still have access to the money-if that makes any sense.