Hi All,
My boyfriend and I are buying a house for 360k with a 100% mortgage. We've been advised by our broker to go for a BOI tracker which will work out at 3.3% which I think is ECB+1.05%. I think this is a pretty good rate but BOI have quite a high APR and I was told that thats the figure to look at but I'm not sure why? Is there any reason why we shouldn't go for this? Do the APR and other rates that they offer matter or will they matter in the future?
I'm confused...
My boyfriend and I are buying a house for 360k with a 100% mortgage. We've been advised by our broker to go for a BOI tracker which will work out at 3.3% which I think is ECB+1.05%. I think this is a pretty good rate but BOI have quite a high APR and I was told that thats the figure to look at but I'm not sure why? Is there any reason why we shouldn't go for this? Do the APR and other rates that they offer matter or will they matter in the future?
I'm confused...