Variable at 2.6% or 1 yr fixed at 2.4%?

L

LovelyHome

Registered User
Messages
40
Got approved for a mortgage at a variable rate of 2.6 with KBC. This rate is for new customers. Their current variable rate for existing customers is quite high. I think it's about 4%.

They are also offering a one year fixed rate of 2.4% for new business.

Which is the best one to take up.

I'm just nervous about once I come off the fixed will they crucify me with the variable they will put me on.

Any advice will be much appreciated.

Best wishes
 
If you would struggle to pay 4% than you might need to think again about purchasing. Can you give more figures, price of house, mortgage amount, your salary.

You could go a 3 or 5 year fixed if you need more peace of mind.
 
Thanks for responding.

We're happy enough about the length of the mortgage, etc.
It's 250k over 25 years.
The repayments will be about 1200 per month.

Just wondering which option will allow us to get the best deal a year from now.

Thanks again in advance.
 
Thanks for the correction quest.
That doesn't sound too bad. Broker told me it was 4% and he advised me to stick with the variable.
 
You must log in or register to reply here.
Back
Top