BoI Tracker mover. Should I fix the additional amount?

G

Goodfela

Registered User
Messages
1
Brendan,

We have a tracker with BOI so not much choice but to stick with them under the tracker switcher model. Around half the new mortgage will be current tracker plus 1% for 5 years, and we need to decide the other half. As their variable rates are terrible we have to go with fixed rate.

We have to stay with them for 5 years to keep tracker so I was thinking of fixing for the 5 years. Given your stance on fixing do you think we would be better doing 1 or 2 years fixed and taking our chances on where variable rates are by then?

Regards
Luke
 
I was in the same position as you earlier this year.
I fixed the non-tracker part for 1 year as I feel variable rates are going to fall further. Which should lead to lower fixed rates.

If thats any help
 
I am in same position, intend to fix for 1yr, hope to see all rates fall over that time, can decide to refix again then...
 
You must log in or register to reply here.
Back
Top