Hey guys,
Basically if I want to break out of my 5 year fixed with First Active they will let me do this by paying them €8,224.01 and I will then move to what they call a "flexible variable rate of 3.75%". My current rate is 6.24% and that
is fixed until 21/08/2013, basically I am nearly 1 year into my first
year of the fixed at the moment.
My current re-payment after the new TRS rates introduced by the
Government recently is €1,293 with the amount before TRS is €1502.05. The
new re-payment after TRS would be €870 and before TRS would be €1,070.
Thus taking 870 form 1,293 it looks like I would be saving approximately €423 per month by switching to the new rate that is of course assuming the rates do not go up!!
Any advice from you guys on what I should do? Anyone else in a similar situation?
Cheers,
M
Basically if I want to break out of my 5 year fixed with First Active they will let me do this by paying them €8,224.01 and I will then move to what they call a "flexible variable rate of 3.75%". My current rate is 6.24% and that
is fixed until 21/08/2013, basically I am nearly 1 year into my first
year of the fixed at the moment.
My current re-payment after the new TRS rates introduced by the
Government recently is €1,293 with the amount before TRS is €1502.05. The
new re-payment after TRS would be €870 and before TRS would be €1,070.
Thus taking 870 form 1,293 it looks like I would be saving approximately €423 per month by switching to the new rate that is of course assuming the rates do not go up!!
Any advice from you guys on what I should do? Anyone else in a similar situation?
Cheers,
M