interest rate of 4.48

[trekie]

i have received a loan confirmation for a house from a bank. It is an interest only loan...with the usual review in five years time etc...the rate i will pay is 4.48....would this be competetive with other lending institutions

 

[ClubMan]

Is this for an owner occupied or an investment property? Is it fixed or variable? Is it nominal or APR? A variable rate of 4.48% would be very expensive compared to other rates on offer at the moment. See the Best Buys forum.