📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Anyone wants to share Ltv and their interest rates?

Options
124

Comments

  • Bump for my question:
    Does a low term drag your interest rate down?

    Also, don't forget that brokers can access rates that banks don't offer to Joe public.  Don't have your heart set on a certain provider before asking a broker.  
  • retepetsir
    retepetsir Posts: 1,237 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 31 January 2021 at 7:44PM
    Just about to Complete on our house. We wanted some stability with mortgage repayments and so fixed for 5 years:

    1.39%, 5-year fixed - 62% LTV & £995 product fee

    Couldn't quite manage to get below 60% LTV unfortunately but hopefully we can in 5 year's time :)

    The Great Declutter Challenge - £876 :)

  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Just about to Complete on our house. We wanted some stability with mortgage repayments and so fixed for 5 years:

    1.39%, 5-year fixed - 62% LTV & £995 product fee

    Couldn't quite manage to get below 60% LTV unfortunately but hopefully we can in 5 year's time :)
    Part of the reason we have opted for a 5 year fix this time is that at the end of this 5 year term we should be below 60%LTV and be able to access much better rates at that time due to our relatively short term of 16 years.

  • FTB21
    FTB21 Posts: 15 Forumite
    10 Posts Name Dropper
    Bump for my question:
    Does a low term drag your interest rate down?

    Also, don't forget that brokers can access rates that banks don't offer to Joe public.  Don't have your heart set on a certain provider before asking a broker.  

    I initially thought it might, but just had a play around with mortage calc and it seems it doesn't, i tried looking at offers over 25 yrs and 35yrs and both are offered same rate, but obviously someone on 35yr will pay more interest than someone on 25yrs in the end
  • Thanks @FTB21
    @RelievedSheff I have done a 2 yr fix at 90% and because of some foreseen bunce I am intending to be remortgaging later this year at 75% ltv and in doing so cut my interest rate by 1/3.  Don't assume you have to stick to the schedule for the whole term 
  • RelievedSheff
    RelievedSheff Posts: 12,691 Forumite
    10,000 Posts Sixth Anniversary Name Dropper Photogenic
    Thanks @FTB21
    @RelievedSheff I have done a 2 yr fix at 90% and because of some foreseen bunce I am intending to be remortgaging later this year at 75% ltv and in doing so cut my interest rate by 1/3.  Don't assume you have to stick to the schedule for the whole term 
    I'm not. However we are happy to if we need too. 2.73% is a damn sight better rate than we are on at the minute.
  • johnbhoy70
    johnbhoy70 Posts: 238 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    edited 1 February 2021 at 3:20PM
    LTV is 20%. Offset with FD. Only payIng interest on 5/6k because of offset. Just come off fixed a couple of days ago of 1.99% and onto variable of 3.49% I think it is. Have a rate of 3.39% booked and until start of May to decide. Will start paying interest on approx 16k come June if I can't find a decent no fee BT card. Santander already knocked us back and existing customers at RBS/NATWEST but eligibility says no chance. 
    Haven't paid fees for years as our mortgage is relatively small and just gone with same product and 2year rate changes.
  • 5-year fix, took out late last year, 1.47%, 38% LTV (approx) (barclays unfortunately but self-employed so it was difficult enough to do, took 6-months as it was!)
  • 1.26% 2 year fix, 57% LTV, £995 fee. 
  • 78% LTV, 1.89% for five years. £999 fee.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.