BOI fix now at 3%

Hi,

Looking for some advice on my current mortgage situation. I'm currently with BOI with 12 months remaining on a 5 year fixed so 12 months remaining at a rate of 2.8%. I'm also due 1% cashback from BOI in 12 months. I rang BOI this morning and my current break fee is zero and I can fix for another 5 years from today at 3% and still collect the 1% cashback. Basically my question is it worth giving us a rate of 2.8% for 12 months in order to tie down a rate of 3% for 5 years. God knows what my rate will be in 12 months time when my fixed period is up.

Fire away said:

Basically my question is it worth giving us a rate of 2.8% for 12 months in order to tie down a rate of 3% for 5 years.

Click to expand...

@Fire away Consider posting your mortgage details in the switcher thread (in the format shown in the first post). I'll estimate the savings you would make from switching to different BOI rates (or to another lender if you want to go that route).

Thanks Paul missed that thread. Its moved now.