Tracker versus variable

P

podgy

Guest
Can anyone tell me which rate is better to opt for

Tracker rate ECB+9% or variable investment rate of 3.59%. I am aware that at present the variable rate is better at present but there is know tracker option available with this particular package on investment property with NIB therefore should i be looking elsewhere

thanks
 
ClubMan said:
What APR on each?
If this is not an interest only mortgage on an investment property then perhaps you should read this thread:

Interest only mortgage
Click to expand...


Just to give you a background. Have three properties (two consolidated into one payment mortgage with 214000 left to be paid over 18years. The value of this investment is approx 400000. The third mortgage which is an interest only mortgage is on 152000 with a value of 180000). Am switching mortgages from ACC to another institution.

Have been quoted

NIB = investment variable of

3.59% on 214000 as LTV<60% not sure what the APR on this is.
3.75% on 152000 with 3.8 APR as LTV>60%

600euro per mortgage to switch is also part of the package.
NIB do not offer a tracker rate on investment mortgages

Ulster Bank= Tracker rate offering

ECB+.85 on both mortgages not sure what the APR is on this.

evaluation fees will also be paid but no solicitors fees.
 
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