Which new mortgage?

Hi all,

My sister's 2 year fixed mortgage is up soon and her bank have written to her with her options as follows:

· Tracker variable ECB + 1.10% @ 2.1 %(€901.33)
· Existing Variable LTV Rate PDH @2.7%(€971.22)
· 2 year fixed (PDH) @3.15% (€1025.57)
· 3 year fixed @3.6% (€1081.53)

Her current mortgage is 4.79% = €1,228 per month so whichever she goes for she'll be paying less but it's hard to know which one to pick.

We're on a tracker and we've found it great value, but would not be sure to advise her to go for the tracker or not? Any opinions??

Thanks in advance,

M

Tracker unless interest rate increases will overstretch her.


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