Options after coming off fixed rate

arrowloopboy

Registered User
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Evening all,first post ,good to be here
I'm due to come off a 10yr fixed rate mortgage in the near future,its a 20yr mortgage.
If I remember correctly,i asked at the time ,what options i'd have when the fixed term period expired,i was told I could go another fixed,a variable or a tracker .
In other words ,would I be entitled to a tracker ,when this expires ?
Its with PTSB.
 
Were you ever on a tracker before?
If not then I very much doubt that tracker would be an option here no matter what you were told before.
But maybe I'm wrong.
Your lender should be able (and obliged) to inform you of what your options are once the fixed rate period expires.
They normally write to you about this.
Depending on the specifics of your situation it might be worth looking around in case switching lenders saves you money.
 
No Clubman,i went straight onto a fixed rate,
What i'll owe when I come off the fixed rate will be only about 30% of the value of the house ,i'm nort caught up in the negative equity curse,thank God.
What's involved in switching ? ,i'm currently on 4.5% as I have been since I took out the mortgage.
 
You mean you are on 4.5% fixed?
Check what options and rates are on offer with then when you come off the fixed rate.
Ask them if necessary but they should eventually write to you anyway.
I doubt that tracker would be an option but others here may be able to comment.
Check out some of the other threads about what's involved in switching.
 
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