I think this is key. If you can overpay by 10%, try do that as it will make a massive difference to you in the long term.Unless you think you are going to be in a position to rapidly overpay your mortgage, the 10-year fix looks like the right call to me.
Hi folks,
We currently have a mortgage with PTSB on a variable rate of 3.7%, we are considering switching to BOI fixed and have been offered 5 year@3% or 10 yaers@3.2%. BOI are advising me towards the 5 year option which I have been told I can pay a bit extra every month which will reduce the term over time. I m however very tempted by the security of the 10 year fixed as I can just forget about rate for a few years...any views on this?
Can I ask what you have against KBC 10 year rate of 2.95%?I think it will be a choice between the UB at 2.6% 4 year or the BOI 3.2% 10 year.
Which banks are these with?5 years at 2.8% or 10 years at 3.2%
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