coming to end of 2 year fixed

C

ccmurf

Registered User
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14
Hi,

I am coming to the end of a 2 year fixed rate with BOI. I was on a rate of 4.49% which has jumped to 5.79%. It will make my repayments more exepnsive by a whopping €150 a month .Any advice? Should I opt for a tracker ? I think I would prefer a fixed rate as I lke to know where I am going form month to month. Should I switch lenders? Ihad a look at the A.I.B's rates and they seem to be5.2% , or threaten to switch lenders in the hope that they can do something for me. Any advice would be greatly appreciated. At my wits end.
 
Ya the property is my home. Mortgage of 189,000. Property was valued at 217,000. God only knows what it's worth now. I've 2 years paid only 28 to go.
 
You don't say when the property was valued at €217,000. If it's dropped to €205,000 or less now, you're stuck with your present bank.
 
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