We have been offered a new mortgage product as our LTV is now <80%. (Ulster Bank)
Our mortgage is approx €160k and currently with a variable rate of 4.65%.
The options presented to us are:
1. Discounted Variable with U-First Discount LTV <80% - Interest Rate 3.8%
2. 3 Year Fixed LTV<80% - Interest Rate 3.75%
3. 5 Year Fixed LTV<80% - Interest Rate 3.80%
3. 7 Year Fixed LTV<80% - Interest Rate 3.90%
What would people suggest as being our best option?
Would it be fair to say that seeing as interest rates are low at the moment it would be a good time to fix? Perhaps fix for a few years?
Our mortgage is approx €160k and currently with a variable rate of 4.65%.
The options presented to us are:
1. Discounted Variable with U-First Discount LTV <80% - Interest Rate 3.8%
2. 3 Year Fixed LTV<80% - Interest Rate 3.75%
3. 5 Year Fixed LTV<80% - Interest Rate 3.80%
3. 7 Year Fixed LTV<80% - Interest Rate 3.90%
What would people suggest as being our best option?
Would it be fair to say that seeing as interest rates are low at the moment it would be a good time to fix? Perhaps fix for a few years?