The Best Mortgage Interest Rates This Week - 13th Aug 2024

[@Juliukas101]

That Barclays 5yr fix is not too bad. Don't like that fee though. I don't want to pay any fee at all! My lender paid me to take my deal! That's what I want - they can pay me again!!!!!!!!!! It does look like the banks foresee rates going down, hence the 2yr fixes are more expensive. By this time next year when my fix ends I will have nearly 50% equity in my flat, therefore I expect a good deal. I will fix the best rate I can and then have it paid off in 5 years anyway. It's definitely worth fixing in today's volatile world. My fix protected me throughout all that turmoil.....thank goodness!

[@propertyaccelerator]

Yeah fees are a pain at the moment, they will drop but I dont think until next year.

[@drewhodge3820]

Things are going in the right direction but the banks are being too greedy with the 3 percent fees.

[@propertyaccelerator]

🙏

[@andrewgarner9194]

Currently with first direct, about to agree a 5 year @ 4.04 no fee , not due to come off my old (very low rate) until November but covering off any increases between now and then, first direct also offering 3.89 with 490 fee , both these deals are 60% ltv.....and the rumours are ture first directs customer service is in an entirely different league, i bank with a few big names and its laughable how easy it is to get things sorted with FD compared to the others

[@propertyaccelerator]

Nice that’s a great deal

[@monkeyboysdad]

Just accepted today a 5yr fix @ 4.30% (no fee) with Santander at 45% LTV.

[@pod8761]

I got 4.2 with Nationwide no fee

[@monkeyboysdad]

@@pod8761 how long for?

[@propertyaccelerator]

Nice thats good

[@mattanderson6672]

Thanks Sir

[@propertyaccelerator]

Welcome

[@kellywalker4494]

Some lenders e.g. HSBC never appear on these competitive rates. Strange.

[@propertyaccelerator]

HSBC was there a few months back, but you are correct they never fight to be the cheapest.

[@paulcoates3860]

❤ GREAT VIDEO AGSIN! Thank you, well done on uour researching time thanks, things looking up b4 i renuew...their arnt many good straight talking vids like urs, kerp going..... This time next year well be m.......😂

[@propertyaccelerator]

Thanks Paul

[@sepehrgheidi2317]

can you please add remortgage rates to these videos? all of your rates are for new buyers.

[@propertyaccelerator]

These rates are valid for remortgage as well.

[@avishekghose3299]

Any update to the 90% LTV rates?

[@propertyaccelerator]

Yes I do in this video kzbin.info/www/bejne/jaPbi2avnsaVaK8si=6HryPANzXE1nZ33g

[@laurabuxton293]

Just after a bit of advice. Unfortunately we made the wrong decision to fix at just 2 years at 2.69%. We are up for renewal 7th Setember. Waited out as long as possible in hopes rates would drop but they havent really dropped like we had hoped. Just been discussing with our broker today. Our LTV is currently 87% The rates we are being offered through Santander are 5 year fix at 5.3% or we can actually do a 1 year fix at 5.55%. With a fee of £499. Feeling like my gut is telling me rates will drop further next year so would it be a wiser decision to fix for the 1 year and hope we get a better rate in late 2025!?

[@propertyaccelerator]

I do think rates will be lower next year but there is not 100% guarantee. You could also look at 2 year deals or look at a tracker that you can leave with no penalty.

[@laurabuxton293]

@propertyaccelerator my 2 year deal was coming in at 6.03%! I ruled that out as i think that is too high to lock in for that amount of time.

[@peterjamesluck]

@@laurabuxton293I did the same as you, my mortgage has been £700 more expensive since 2 months ago. I’m holding on for rates to drop and it seems like they’re going to come down similar to 2008. Might be worth holding on if you can afford it

[@andrewgarner9194]

Always with a caveat nobody knows for sure , In the short medium term it's likely rates will drop but not much more than another 1% over a year or 18 months, but longer term 3 years onwards it's looking more like a balanced to higher inflation environment due to smaller workforce, China's reduced productivity and Americans near shoring of manufacturing, remember average interest rates from the 70s to today was 9.1%😬 we've been living in a very low interest rate thats never happened before and doesn't normally work