Nationwide product transfer rates?

Yorkie1

Thanks @amnblog, @kingstreet and @Exodi

Will be ready for action to apply for the product transfer tomorrow (once I've decided whether to gamble on a 2 year or 5 year fix)!

Yorkie1

Just checking my maths and assumptions for the NWide product swap decision I need to make this evening, now that they have published their new rates.

The 5 year fix is at 3.99%. The 2 year fix is at 4.49%.

I have used the MSE calculators to work out the balance at the end of the 5 year fix. In order to measure this against the 2 year fix, I have also worked out (I think) that I would need a rate of 3.67% for 3 years after the end of the 2 year fix in order to match the 5 year balance at that point. 

Crystal ball time: do people think that 3.67% is likely to be an achievable rate in a couple of years' time (60% LTV, no fee)?

Two year fix or 5 year fix?

It doesn't matter much in the great scheme of things, just having a think about it.

Yorkie1

The deed is done - decided to go for the 5 year