What remortgage rates going now for 5 years

diystarter7

I've looked for someone but saw a 5 year fic at 4% i thought they were higher

K_S

@diystarter7 With the caveat that this might not be up to date (as a few large lenders like Halifax and NatWest are updating their broker rates again tomorrow), you should be able to get a flavour of rates available in the direct and intermediary market here -
https://www.moneysavingexpert.com/mortgages/best-buys/
https://moneyfacts.co.uk/mortgages/remortgage/

diystarter7

May thanks @K_S

snowqueen555

Yup, offered 4.3% on Friday and two weeks ago o was able to get 4.07%, fully expect it to change tomorrow.  Was going to buy a place but really can't stomach the price pressure. Good luck 

diystarter7

Cheers........

Cheesy77

5 years seem to be a lower rate than 2 years at the moment, which seems a bit odd compared to a few months back. Does this reflect banks seeing the next 1-2 years as particularly challenging but perhaps slightly lower rates beyond? 

fewcloudy

Cheesy77 said:

5 years seem to be a lower rate than 2 years at the moment, which seems a bit odd compared to a few months back. Does this reflect banks seeing the next 1-2 years as particularly challenging but perhaps slightly lower rates beyond? 

That would be my take on it, yes.
When they change like they have done in recent months, it always takes people by surprise. It is very difficult to make predictions, as this situation did not seem likely 6months ago or a year ago. But we are where we are.

And equally, right at this moment in time it seems unlikely that BOE base rate could be back at 1 or 2% in a year or so.

But IMO, 5/10yr fixes have always struck me as risky.

B0bbyEwing

Had a look last thurs/Fri & nationwide were going to do me a 5yr fix at £477/month.

Was supposed to look properly at the weekend but other stuff got in the way. 

Had a see again last night, exact same details.... £517/month. £40 more. 

Joy.