Mortgage rates over the next 5 years

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zemarcopolo said:

clueless_but_curious said:

Just some thoughts you may or may not find useful...
The base rate was 0.75% when I got a 90% LTV mortgage at 1.8%.  If I took out a 90% mortgage today, I guess I would secure something like 1.8% with base rate at 0.1%.  I.e. the banks are taking a bigger margin for exactly the same lending (financial risk).
The BOE has not expressed anything to suggest that base rate is going to rise imminently. 
Assuming coronavirus is the reason for the increased financial risk in their margins, their spread (difference between base and product rate) should drop over the course of this year.  However, you would expect base rate to increase, responsively.  
Over the last 10 or 15 or 20 years, it has been cheaper to fix mortgages two years at a time.  However affordability changes and that is the risk/reward. 
I find it quite easy to plan 2 years ahead.  I struggle with 5

Last time I checked,  the lowest rate for 90 LTV was 2.4% with Nationwide. 

today best rate is for product switch only  2.94%  £999 fee  on line and the guide 10 Feb 2021 
everything else over 3%

[Deleted User]

zemarcopolo said:

Last time I checked,  the lowest rate for 90 LTV was 2.4% with Nationwide. 

3.09% is the lower I have on my screen.  I think there is a 2.84% out there with a £499 fee through a certain brokerage but generally 3.something is more realistic.  For smaller loans in particular you are approaching 3.7% for good fee free options