Hi,
Hoping someone can help here.
I have a BTL interest only mortgage managed by Pepper (previously PTSB)
I was on a rate ECB +1.1 percent with the recent rate rise of 0.5% this has increase to 1.6%.
The amount outstanding is €185k with 8 yrs remaining on the mortgage.
Can someone tell me what my extra payment should be per month due to the rate rise of 0.5% ?
I was expecting the rate rise of 0.5% to be somewhere in the region of €40+ per month but it is significantly more then that.
Also what extra payment should I expect from the recent 0.75% rise.
Value of property is 250k.
No additional mortgage on property.
Clean credit history.
Ber C2.
Want to remain flexible and not tied into fixed rate as I have concerns about SF proposals regarding repossession of property from tenants.
Thanks.
Hoping someone can help here.
I have a BTL interest only mortgage managed by Pepper (previously PTSB)
I was on a rate ECB +1.1 percent with the recent rate rise of 0.5% this has increase to 1.6%.
The amount outstanding is €185k with 8 yrs remaining on the mortgage.
Can someone tell me what my extra payment should be per month due to the rate rise of 0.5% ?
I was expecting the rate rise of 0.5% to be somewhere in the region of €40+ per month but it is significantly more then that.
Also what extra payment should I expect from the recent 0.75% rise.
Value of property is 250k.
No additional mortgage on property.
Clean credit history.
Ber C2.
Want to remain flexible and not tied into fixed rate as I have concerns about SF proposals regarding repossession of property from tenants.
Thanks.