Hi all,
I've just been granted mortgage approval of €56k over 30 years with AIB.
Looking to purchase property for around €120k (balance coming from savings)
The big question i have is whether i should fix or not? AIB 5 yr fix is coming in at 5.35% vs standard variable for less than 50%ltv of 4.29%.
Is it likely that banks will increase their rate over the next few years to come close to the 5.35% rate or is this a bit of a crystal ball question? any help/advice greatly appreciated.
I've just been granted mortgage approval of €56k over 30 years with AIB.
Looking to purchase property for around €120k (balance coming from savings)
The big question i have is whether i should fix or not? AIB 5 yr fix is coming in at 5.35% vs standard variable for less than 50%ltv of 4.29%.
Is it likely that banks will increase their rate over the next few years to come close to the 5.35% rate or is this a bit of a crystal ball question? any help/advice greatly appreciated.