Same mortgage interest rate for 2yr, 3yr, 5yr FIX from Nationwide

hellojohn8doe7

Out of curiosity I was looking at what remortgage offers are available from Nationwide for below 60% LTV
I saw 1.69% interest rate (no fee) - fix for either 2yr, 3yr or 5yr.
Any ideas why no difference in interest rates for various length of fix? Usually longer duration fix have higher interest rate, but not this time.

[Deleted User]

They are all at the bottom of what they can afford to lend money out at?

The 2yr should be cheaper but they can't afford to make it cheaper than it is. 

The difference between short term and longer term has been quite small recently for a lot of lenders. 

TSB the same today for an application I submitted.  2yr and 5yr exactly the same

PixelPound

If you look at the ones with the £999 fee it's 1.19% for 2 year and 1.39% for 3 and 5 year. So I guess in that case they can afford to lower for 2 year.

Depending on the size of you mortgage, with fee could be cheaper over the term of the fix when fee included.

csgohan4

If their the same rate, I would fix for longer Imo

PixelPound

csgohan4 said:

If their the same rate, I would fix for longer Imo

I'm with Nationwide and thinking similar, although it depends on LTV. Will they use the original or estimate a current one. using Zoopla, even the low estimate is enough to put us inside the 60%, but if they use the original one when we bought it's going to be 70%