Going from Tracker to Fixed query

[daithi]

Hi there all the talk these days is about people being charged an arm and a

leg to switch from a fixed interest to variable/tracker mortgage..Would there

be any sense now switching from tracker to fixed? I would imagine that the

ECB rate cannot go much lower...what do people think??

daithi

 

[chrisboy]

Although the ecb rate has been coming down, the fixed rate hasn't come down to the same degree..

 

[Ms_Frugal]

Hi there,

Thanks for starting this thread.

I'm not on a tracker but I am on SVR and planning to switch but given today's ECB reduction, I'm wondering whether now is the time to go for a fixed rate. AIB appears to be the best for my needs and the last time I looked their 4 year rate seems on a par with their SVR. Given that the tax/levy stuff is only going to get worse, knowing what my mortgage outgoings for at least that long seems very sensible.

I may be frugal but I can't claim financial wisdom so will be watching other replies to this thread with great interest.

Thanks again for starting it.

Ms_Frugal