Hope Im posting in the right section:
I took my mortgage out 1 year ago for my self build 1st home and I am living in it now -
Mortgage was for €120,000 for 30 years with AIB (expires 21/12/2034)
It is a tracker mortgage and the rate is 3.75%
There is mortgage interest relief paid automatically into my bank account monthly @ €66.66 (€66.66*12 = €799.92 so 20% of my single persons allowances of €4000) which I assume wil be rising this year since the allowance has risen.
With another 2 or 3 expected interest rises to come this year would I be recommended to fix my mortgage for a few years?
I took my mortgage out 1 year ago for my self build 1st home and I am living in it now -
Mortgage was for €120,000 for 30 years with AIB (expires 21/12/2034)
It is a tracker mortgage and the rate is 3.75%
There is mortgage interest relief paid automatically into my bank account monthly @ €66.66 (€66.66*12 = €799.92 so 20% of my single persons allowances of €4000) which I assume wil be rising this year since the allowance has risen.
With another 2 or 3 expected interest rises to come this year would I be recommended to fix my mortgage for a few years?