Our buy to let mortgage rate (interest only) is due up soon - the rates we've been offered (PTSB) are as follows:
1. Tracker variable - currently 6.03% (ECB+1.78% max)
2. Standard variable - currently 5.94%
3. 2 year fixed rate - currently 6.45%
Options 1 & 2 are covered with the rent leaving a small cushion for extras - option 3 we would be out of pocket.
Should we stick with a variable ? Any thoughts anyone ?
1. Tracker variable - currently 6.03% (ECB+1.78% max)
2. Standard variable - currently 5.94%
3. 2 year fixed rate - currently 6.45%
Options 1 & 2 are covered with the rent leaving a small cushion for extras - option 3 we would be out of pocket.
Should we stick with a variable ? Any thoughts anyone ?