Hi
just wondering what is my best option re mortgage.
have been on a fixed rate of 4.9% for last 3 years. bank (Ulster) wrote to us on 21st December giving us 10 days to advise if we wanted a fixed as was defaulting to variable. thought this was a bit sneaky with timing and christmas holidays and bank holidays etc etc and couldn't get talking to anyone but anyway:
they have defaulted me on to a variable rate of 4.55%
I may utilise the "cooling off" period to still switch to fixed
there is an option to go fixed rate of 4.3% for 4 years.
what should I do? am I better to fix at that rate ? are variable rates likely to go up or down over the next couple of years
thanks
just wondering what is my best option re mortgage.
have been on a fixed rate of 4.9% for last 3 years. bank (Ulster) wrote to us on 21st December giving us 10 days to advise if we wanted a fixed as was defaulting to variable. thought this was a bit sneaky with timing and christmas holidays and bank holidays etc etc and couldn't get talking to anyone but anyway:
they have defaulted me on to a variable rate of 4.55%
I may utilise the "cooling off" period to still switch to fixed
there is an option to go fixed rate of 4.3% for 4 years.
what should I do? am I better to fix at that rate ? are variable rates likely to go up or down over the next couple of years
thanks
