Hi All,
Looking for opinions on what you would do?
Have a staff fixed rate of 3% on the life of my Mortgage which has 18 years remaining, I would be looking to switch to a rate of 2.3% which would save approx €70 a month which i would use to over pay the mortgage(10% overpayment allowed)
There is no breakage fee but can not go back to Staff rate once off it.
Is it worthwhile? I cant see rates heading over 3% for a long time and thinking the overpayment of the difference would be more beneficial long term.
Looking for opinions on what you would do?
Have a staff fixed rate of 3% on the life of my Mortgage which has 18 years remaining, I would be looking to switch to a rate of 2.3% which would save approx €70 a month which i would use to over pay the mortgage(10% overpayment allowed)
There is no breakage fee but can not go back to Staff rate once off it.
Is it worthwhile? I cant see rates heading over 3% for a long time and thinking the overpayment of the difference would be more beneficial long term.