Fixing Mortgage Rates in light of Ombudsman case

[Brian Kennedy]

I am currently deliberating over accepting a new 5 year mortgage rate of 3.95% from BOI. My home is 75% LTV so cannot move. Variable rate is currently 4.5%. I would have accepted last week, only i read about the case going on between a couple in Dublin V's Danske over their interest rates. I know it is currently in the Court of Appeal. Should i wait until a ruling is made on this case before I sign myself in for a new 5 year fixed term?

 

[Gerry Canning]

I am currently deliberating over accepting a new 5 year mortgage rate of 3.95% from BOI. My home is 75% LTV so cannot move. Variable rate is currently 4.5%. I would have accepted last week, only i read about the case going on between a couple in Dublin V's Danske over their interest rates. I know it is currently in the Court of Appeal. Should i wait until a ruling is made on this case before I sign myself in for a new 5 year fixed term?

Brian;
If you read the other threads on the Danske case, it is so far, only Danske specific.
Unless your BOI Mortgage has similar phraseology and I havn,t heard if Boi has similar terms ,the Millar case would no way apply to you.
Maybe some AAM eagle eyed poster can peruse their BOI contract and let us know please.
Do not know if 3.95 is good for next 5 years , coin tossing time!