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Are you going for a long term fix or short term fix?

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  • MFWannabe said:
    MFWannabe said:
    Recently took out a five year fix at a great rate 👍

    Can you ballpark what a 'great' rate is, please?

    Researching!
    1.34% 👌 59% LTV 
    What provider is that with MFWannabe?
  • MFWannabe
    MFWannabe Posts: 2,457 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    MFWannabe said:
    MFWannabe said:
    Recently took out a five year fix at a great rate 👍

    Can you ballpark what a 'great' rate is, please?

    Researching!
    1.34% 👌 59% LTV 
    What provider is that with MFWannabe?
    TSB 
    Was an existing customer. Not sure what new customer rates are 
    MFW 2025 #50: £1139.75/£6000

    12/06/25: Mortgage: £65,000.00
    07/03/25: Mortgage: £67,000.00
    18/01/25: Mortgage: £68,500.14
    27/12/24: Mortgage: £69,278.38 

    27/12/24: Debt: £0 🥳😁
    27/12/24: Savings: £12,000

    07/03/25: Savings: £16,500

  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    We are looking to arrange our remortgage in a few months time and will be looking to fix for 5 years. We have no intentions of moving from this property and we value the knowledge that our rate isn't going to change in those 5 years. We will pay a little more over the 2 years fixed rate but for us it is worth the extra.
  • PaulW922
    PaulW922 Posts: 1,039 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Difficult one of course, but I would say that rates are certainly not falling lower. The only other thing that might change is your status (ie loan to value etc). 

    I remortgaged in early 2016 and guessed that the Brexit vote would go for leave, that there would be a drop of confidence in the short term, the pound would fall and interest rates would rise. So, I went for a five year fix. Of course I was right about all those things except for the very last one - the one that really mattered. :-) 
  • Dandytf
    Dandytf Posts: 5,073 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    1.34 tracker expires early 21'
    Natwide latest No Fees Tracker 1.99 
    Considering 2 year fixed 1.79 when swap Time arrives
    It looks as though Natwides rates aren't going to go any lower.
    Replenished CRA Reports.2020 Nissan Leaf 128-149 miles top charge. Savings depleted. VM Stream tv M250 Volted to M350 then M500 since returned to 1gb
  • Just remortgaged 75% LTV (help to buy equity loan in place) 1.84% for 5 years, no fee, free legals and valuation and £400 cashback. Chuffed. 
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