Anyone wants to share Ltv and their interest rates?

ultrasilvam

5-year fixed (no fee) at 1.79% until Apr '23, 48% LTV 

RelievedSheff

2.73% 85%LTV 5 year fixed £995 product fee with Halifax. 

FTB21

ninjaef said:

What a great question !

23% LTV 
1.25%  2 year fixed Offset account with YBS as an existing customer.
I am very fortunate to have more in the Offset than is in the mortgage debt. So they are now paying me for the mortgage - effectively . haha

I've had mortgages for over 30 years and change every 2 to 3 years of late. I twice over that time had a 5 year fixed ,  and they were bad deal. I paid way over the going interest rate for years. Since then I only go for 2 year fixed.
At the end of the day these mortgage providers are not stupid. They will have generated - or have access to - a plethora of data and will ensure they maximise profit. They are not in the business of making the home owner comfortable - but rather making a profit.
If I could do it all again I would never have had those two 5 year fixed "deals". 2 year deals seem to be the "sweet spot" where the evaluation of risk versus the customer retention - or loss. In other words it is difficult for the mortgage provider to offer a fixed deal for such a short term that both maximises profit and attracts/retains customers. The 3 and 5 year "deal" customers will end up funding the 2 year "deals" 

Interesting, my mortgage starts next month and i opted for 5 yr fixed as i thought now would probably be a good time to fix for longer than 2 yrs.

Can't remember what i was offered for a 2yrs fix at 75%ltv (25 yrs) but i vaguely remember it being few £ cheaper (negligible and wouldnt really notice) but then the arpc (i know this really should be disregarded) meant over 25yrs i was saving a BIG chunk in interest payments.

alw1971

14% LTV 2 year fix 1.89% No Fees. Nationwide with 6 months left.
Hopefully next will be around 1.49% having had a quick look?

Dandytf

Is that current LTV or when latest rate was Active.
Current LTV 69.34%
Current rate  1,34% last few months of Tracker.
Seems with Natwide I'll be choosing next product from 1.99% unless I secure 2yr Fixed rate 1.74% approx.

alw1971

alw1971 said:

14% LTV 2 year fix 1.89% No Fees. Nationwide with 6 months left.
Hopefully next will be around 1.49% having had a quick look?

That is as of today when I did a comparison. Can't seem to find anyone better than Nationwide tbh?

getmore4less

1% LTV
Base + 0.95% lifetime offset tracker. 

CKhalvashi

42% LTV, no product fee, 1.89% 5 year fix, around 4 left, on a special deal for the (free but with conditions) bank account I have.

MFWannabe

FTB21 said:

ninjaef said:

What a great question !

23% LTV 
1.25%  2 year fixed Offset account with YBS as an existing customer.
I am very fortunate to have more in the Offset than is in the mortgage debt. So they are now paying me for the mortgage - effectively . haha

I've had mortgages for over 30 years and change every 2 to 3 years of late. I twice over that time had a 5 year fixed ,  and they were bad deal. I paid way over the going interest rate for years. Since then I only go for 2 year fixed.
At the end of the day these mortgage providers are not stupid. They will have generated - or have access to - a plethora of data and will ensure they maximise profit. They are not in the business of making the home owner comfortable - but rather making a profit.
If I could do it all again I would never have had those two 5 year fixed "deals". 2 year deals seem to be the "sweet spot" where the evaluation of risk versus the customer retention - or loss. In other words it is difficult for the mortgage provider to offer a fixed deal for such a short term that both maximises profit and attracts/retains customers. The 3 and 5 year "deal" customers will end up funding the 2 year "deals" 

Interesting, my mortgage starts next month and i opted for 5 yr fixed as i thought now would probably be a good time to fix for longer than 2 yrs.

Can't remember what i was offered for a 2yrs fix at 75%ltv (25 yrs) but i vaguely remember it being few £ cheaper (negligible and wouldnt really notice) but then the arpc (i know this really should be disregarded) meant over 25yrs i was saving a BIG chunk in interest payments.

It is very much personal choice and what you’re comfortable with doing. No one knows what the interest rates will do over the next few years. You have secured a good rate imo 👍
If I could turn back the clock I wouldn’t have taken a 5 yr fix when I first took out a mortgage, it was high in comparison to some at 3.89% but it was 90% ltv. In hindsight we’d have probably been better off taking a 2yr fix but that’s life I guess 🤷‍♀️ Now I’ve got a great rate and more than happy to have gone into this 5yr fix 👌

getmore4less

FTB21 said:

ninjaef said:

What a great question !

23% LTV 
1.25%  2 year fixed Offset account with YBS as an existing customer.
I am very fortunate to have more in the Offset than is in the mortgage debt. So they are now paying me for the mortgage - effectively . haha

I've had mortgages for over 30 years and change every 2 to 3 years of late. I twice over that time had a 5 year fixed ,  and they were bad deal. I paid way over the going interest rate for years. Since then I only go for 2 year fixed.
At the end of the day these mortgage providers are not stupid. They will have generated - or have access to - a plethora of data and will ensure they maximise profit. They are not in the business of making the home owner comfortable - but rather making a profit.
If I could do it all again I would never have had those two 5 year fixed "deals". 2 year deals seem to be the "sweet spot" where the evaluation of risk versus the customer retention - or loss. In other words it is difficult for the mortgage provider to offer a fixed deal for such a short term that both maximises profit and attracts/retains customers. The 3 and 5 year "deal" customers will end up funding the 2 year "deals" 

Interesting, my mortgage starts next month and i opted for 5 yr fixed as i thought now would probably be a good time to fix for longer than 2 yrs.

Can't remember what i was offered for a 2yrs fix at 75%ltv (25 yrs) but i vaguely remember it being few £ cheaper (negligible and wouldnt really notice) but then the arpc (i know this really should be disregarded) meant over 25yrs i was saving a BIG chunk in interest payments.

You can only use the 2 years of the fix to determine any savings against other products.

The other 23years will be at different comparative rates.