..looking to switch mortgages at the moment, and probably fix for 2 or 3 years at the same time.
If I am happy that I will probably go through the exercise again at the end of the fixed period, how much should I care about run off interest rates?
Tempted by PTSB, given the cashback offer, but obviously over the lifetime (23 years) of the mortgage, they are about €20k-€30k more expensive than KBC's equivalent or even Ulster's 2 year fix (mostly) because of run off interest rates.
But given I "plan" on leaving in 3 years, am I still being hit with the cost of this interest in the Fixed Period? If so, how can calculate this cost roughly?
(PS I did toy with multi switching, but for various reasons decided against it appreciating the potential gain I'm leaving behind)
If I am happy that I will probably go through the exercise again at the end of the fixed period, how much should I care about run off interest rates?
Tempted by PTSB, given the cashback offer, but obviously over the lifetime (23 years) of the mortgage, they are about €20k-€30k more expensive than KBC's equivalent or even Ulster's 2 year fix (mostly) because of run off interest rates.
But given I "plan" on leaving in 3 years, am I still being hit with the cost of this interest in the Fixed Period? If so, how can calculate this cost roughly?
(PS I did toy with multi switching, but for various reasons decided against it appreciating the potential gain I'm leaving behind)