Spoke with EBS (about my own mortgage) last week: they will not fix part of the mortgage and have the rest on variable. It's all or nothing.
Maybe double-check this with them - it says on their website that they allow it:
"... EBS provide the option of splitting the loan amount in two, so you can avail of both the variable interest rate on a portion of the loan and a fixed interest rate on the remaining portion of the loan."https://www.ebs.ie/mortgages/mortgage-interest-rates
Maybe double-check this with them - it says on their website that they allow it:
"... EBS provide the option of splitting the loan amount in two, so you can avail of both the variable interest rate on a portion of the loan and a fixed interest rate on the remaining portion of the loan."https://www.ebs.ie/mortgages/mortgage-interest-rates
That's annoying - I imagine it's a system issue as much as anything else. I have AIP for a new mortgage with EBS and was told that although you can't overpay on a fixed rate, it's easy to re-extend the term if you shortened it to increase payments. Not sure I'd trust this remaining the case into the future, though.Hah! This only applies to NEW mortgages, not existing mortgages.
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