Mortgage Rates Natwest

josecc

Hi 

My mortgage ends in 4 months time and I have been offered the below 6 options by NatWest who my mortgage is with at present. Currently have a balance of £126357 with 29 years and 1 month left and 60% ltv.

1. 2 year fixed at 4.32%. No fees
2. 2 year fixed at 3.93%. £995 fee
3. 2 year tracker at 4.97%. No fees
4. 2 year tracker at 4.60%. £995 fee
5. 5 year fixed at 4.11%. No fees
6. 5 year fixed at 3.93%. £995 fee

For info, my current deal is at 2.4% and if I was to take any of the fixed deals then my payments would increase by £130 at most.

Are the above deals competitive with what is currently being offered just now and does anyone have any thoughts on what deal would be best to take?

la531983

Yup no issues with those rates. Sadly the days of 1.89% five year fixes (like mine is, runs out October), have long gone. Luckily ive been overpaying so the increase will be very minimal in my case.

grumpy_codger

josecc said:

...

Are the above deals competitive with what is currently being offered just now...

https://moneyfactscompare.co.uk/mortgages/

does anyone have any thoughts on what deal would be best to take?

 Well 5 and 6 are about the same:

126000*(4.11%-3.93%)*5=1134 > 995, but 5-year savings interest on 995 is likely to cover the difference. You can calculate this more accurately, but there is no point.

Do the same for 3 and 4.

Hoenir

If you want certainty then the free fee 5 year fix might well be your best option. Attempting to second guess the future is a fruitless exercise. Rates in general aren't going to fall significantly anytime soon.