Anyone wants to share Ltv and their interest rates?

Michael_Bear

0.74% - 2 year tracker (Base+0.64%) - 55% LTV. Product fee £999. Wish there was something around at end of year when I have to renew, I doubt it!

MovingForwards

5.57%, 85% LTV, £1495 product fee and 5 year fix.

Currently standing at approx 82% LTV, could be lower but my lender does annual statements, as I've made overpayments from getting the keys. Looking to remortgage early to a mainstream lender, in just under 2 years and will continue to make overpayments to clear the mortgage within 10 years of getting my keys.

No need to comment on the rate, I'm happy to be in my own home.

JamesC3

MovingForwards said:

5.57%, 85% LTV, £1495 product fee and 5 year fix.

Currently standing at approx 82% LTV, could be lower but my lender does annual statements, as I've made overpayments from getting the keys. Looking to remortgage early to a mainstream lender, in just under 2 years and will continue to make overpayments to clear the mortgage within 10 years of getting my keys.

No need to comment on the rate, I'm happy to be in my own home.

Hi @Movi@MovingForwards,
I assume some adverse history like me), hence the rate. Which mortgage broker did you go with? Will be looking to purchase our first property this year, via HTB with some adverse history.

RelievedSheff

MovingForwards said:

5.57%, 85% LTV, £1495 product fee and 5 year fix.

Currently standing at approx 82% LTV, could be lower but my lender does annual statements, as I've made overpayments from getting the keys. Looking to remortgage early to a mainstream lender, in just under 2 years and will continue to make overpayments to clear the mortgage within 10 years of getting my keys.

No need to comment on the rate, I'm happy to be in my own home.

We are currently on 5.19% with our current lender and have been for almost two years. Like you we were happy to accept any rate we could to secure the home that we really wanted at the time. And with adverse on our credit files we took what rates we could get.

We are almost at the end of that two year fix now and have recently secured a high street remortgage at 2.73% for a 85% LTV 5 year fix, despite still having one satisfied CCJ on my credit file.

We have managed to keep our mortgage repayment the same but drastically reduce our mortgage term with the lower interest rate. At the end of this next 5 year fix we should be under 60% LTV and able to access the better mortgage rates again with the aim of reducing our mortgage term again.

There is no one size fits all with mortgages. Everybody's situation is different.

ratechaser

For this to be useful, a data point is needed on when the mortgage rate was fixed - lots of old lifetime trackers out there that are still better than anything on the market today.

For example my (still technically active) offset runs at base+0.5%, but that was taken out in 2005 and there were even better rates available then. About 40% LTV, don't believe there were any fees and they even paid the valuation! There is a fee to redeem so will just let it run to term so that inflation can gnaw away at that.

MovingForwards

My mortgage started last year.

@JamesC3 I got my broker off this site.

@RelievedSheff we always seem to end up together on these type of threads and for me it's good to see how you get on.
My CCJ has now dropped off, as have all my defaults, just got the marker left (all settled prior to my mortgage). I'm watching how my own bank views me as a 'risk', while saving the ERCs. When they think they will give me a mortgage, I know it's time to contact my broker. 

Sorry for taking it off tangent.

RelievedSheff

MovingForwards said:

My mortgage started last year.

@JamesC3 I got my broker off this site.

@RelievedSheff we always seem to end up together on these type of threads and for me it's good to see how you get on.
My CCJ has now dropped off, as have all my defaults, just got the marker left (all settled prior to my mortgage). I'm watching how my own bank views me as a 'risk', while saving the ERCs. When they think they will give me a mortgage, I know it's time to contact my broker. 

Sorry for taking it off tangent.

My CCJ drops off my file in July. It hasn't affected the rate we have got this time. Halifax have given us their best rate for 85% LTV over 5 years.

clueless_but_curious

Michael_Bear said:

0.74% - 2 year tracker (Base+0.64%) - 55% LTV. Product fee £999. Wish there was something around at end of year when I have to renew, I doubt it!

Bravo! Who is this with?

Michael_Bear

clueless_but_curious said:

Michael_Bear said:

0.74% - 2 year tracker (Base+0.64%) - 55% LTV. Product fee £999. Wish there was something around at end of year when I have to renew, I doubt it!

Bravo! Who is this with?

Santander. As someone has said, it all depends on when it was taken out. Its easy to have a good rate if taken out 2019 compared to now!