Comments on: Best Fixed Rate Mortgage Deals

By: Gaz

Gaz — Sun, 01 Mar 2009 23:44:02 +0000

Feb 17th – Nationwide announce 0.2% rate cut on fixed rate (to 4.68% for 5 year)

March 1st – Nationwide have just raised 5 year fixed rate to 4.98% !!!
Two & three year fixes remain unchanged – seems they know something long-term we don’t!
Anyone waiting until May/June time could find themselves locking in at a higher rate…

By: The Credit Cruncher

The Credit Cruncher — Fri, 27 Feb 2009 23:49:28 +0000

I am not keen although 3% is very attractive – I am more than happy with my tracker at 0.69% over base…
I find fixed a bit of a false economy when the market shoots up and you come off a low fixed rate, your new rates cripples your disposable income…
I have gone for a lifetime tracker and could not be happier right now – I am overpaying my mortgage to lessen the bad effects of having an endowment (yikes!)

By: Cheshire Mortgage Broker Broker

Cheshire Mortgage Broker Broker — Sun, 22 Feb 2009 17:22:17 +0000

I don’t htink the banks will pass on any further cuts whether they are variable or fixed from now on so now is probably the best time to fix. If anything I think fixed rates will start going up soon.

By: Monevator

Monevator — Sat, 14 Feb 2009 09:29:29 +0000

Spot on with inflation coming down the pipe. Even if it doesn’t, 3% as a fixed rate is incredible. There’s a limit to how far rates can really come down on mortgages – banks aren’t going to pay you to live in a house!

If I could fix at 3% for 10 years I’d do it in a shot.