Fixed rate ending - what to do?

[HidieHo]

Hi,

hoping some of you might be able to advise me. Our 3 year fixed rate term is ending, September will be our last payment. We have our ppr and an 'investment' property for want of a better word.

I have been on to the bank and all the options are outlined below. I'm tempted to fix the investment and leave home on the variable. What does anyone think?

Home

now: rate of 5.45% €1,903.17 p/m

options: Variable 2.25% €1,329
2 yr fixed 4.15% €1,655
3 yr fixed 4.25% €1,674
5 yr fixed 4.8% €1,777

Investment

now: rate of 5.54% €1,882.28

Options: Variable 4.5% €1,685
3 yr fixed 4.99% €1,777

 

[lionstour]

Hi,
I'm tempted to fix the investment and leave home on the variable. What does anyone think?

What I would do if I were you too.

 

[HidieHo]

thanks Lionstour, it's just so hard to know what's for the best. I suppose it would take a fair few rate hikes for the variable rate to get up to what we have been paying for the last 3 years. Will see what OH thinks when he gets home later