Hi,
Looking for some advice on mortgage/mortgage rate please
We're (stuck) with Ptsb and paying 4.5% variable rate. Currently in negative equity of approx 10% of the remaining mortgage, so unfortunately we're stuck with them for the foreseeable future.
They've sent us a letter offering fixed rates for either 2 or 3 years for 4.2% or 5 years for 4.3%, and I also see on their website that they have an option to switch to a Managed Variable rate of 4.3%.
I'll admit, I'm really clueless about it all, and really don't know what the best option here is. Would appreciate any advice, thanks in advance.
Looking for some advice on mortgage/mortgage rate please
We're (stuck) with Ptsb and paying 4.5% variable rate. Currently in negative equity of approx 10% of the remaining mortgage, so unfortunately we're stuck with them for the foreseeable future.
They've sent us a letter offering fixed rates for either 2 or 3 years for 4.2% or 5 years for 4.3%, and I also see on their website that they have an option to switch to a Managed Variable rate of 4.3%.
I'll admit, I'm really clueless about it all, and really don't know what the best option here is. Would appreciate any advice, thanks in advance.