Discounted Tracker nearly up. What now?


Registered User
I am currently on a 1 year discounted tracker mortgage with PTSB. What are my options when the year is up in March 2010?

Will I be given a choice of taking up their standard variable rate (how do I find what this is?) or going fixed.

At the moment the rate is a very favourable 0.85% + ECB.

In the current climate should I be looking at a fixed or should I stay on a variable rate as it is unlikely the ECB will increase in any significant way the base rate during 2010?



Frequent Poster
You'll have to check your mortgage details, but could it be that the ECB + 0.85% was for the first year and that for subsequent years you are still on a tracker, but at ECB + 1% or ECB + 1.1% ?

Most tracker mortgages started with a discount for the first year.

If so I'd stick with the tracker....

Keizer Soze

Registered User
Check your mortgage documentation. The could have you lined up for ECB +3.25%. I think that's what anyone coming off a tracker at the moment is being offered.

You should receive your 'Options' letter about four weeks before the end of your discounted period.

You'll probably be offered a fixed rate of around 6%