Hi Folks,
Fairly new to the site, but looking for advice.
Just bought our New home and ready for completion in April/May. sale is agreed on our current property. At present we are with PTSB on a standard Tracker.
Our new mortgage (€420,000) is going to be significantly higher so we are looking at different options - as we fear (like everyone else) the forthcoming rate increases.
Our current broker is adsvising we accept a Loan offer from IIB for their capped mortgage offer, as opposed a standard tracker.
Our LTV is only 82% so some of the lower rates dont apply, and months back we got approval from the majority of vendors for well above our mortgage requirement.
Im just wondering what people think of the IIB capped tracker? Is it a good option as apposed to a standard tracker. The capped traker is .1% higher than variable. Any info would be great.
Cheers & thanks
Fairly new to the site, but looking for advice.
Just bought our New home and ready for completion in April/May. sale is agreed on our current property. At present we are with PTSB on a standard Tracker.
Our new mortgage (€420,000) is going to be significantly higher so we are looking at different options - as we fear (like everyone else) the forthcoming rate increases.
Our current broker is adsvising we accept a Loan offer from IIB for their capped mortgage offer, as opposed a standard tracker.
Our LTV is only 82% so some of the lower rates dont apply, and months back we got approval from the majority of vendors for well above our mortgage requirement.
Im just wondering what people think of the IIB capped tracker? Is it a good option as apposed to a standard tracker. The capped traker is .1% higher than variable. Any info would be great.
Cheers & thanks