Going from Tracker to Fixed query

Hi there all the talk these days is about people being charged an arm and a

leg to switch from a fixed interest to variable/tracker mortgage..Would there

be any sense now switching from tracker to fixed? I would imagine that the

ECB rate cannot go much lower...what do people think??

daithi

Although the ecb rate has been coming down, the fixed rate hasn't come down to the same degree..

Hi there,

Thanks for starting this thread.

I'm not on a tracker but I am on SVR and planning to switch but given today's ECB reduction, I'm wondering whether now is the time to go for a fixed rate. AIB appears to be the best for my needs and the last time I looked their 4 year rate seems on a par with their SVR. Given that the tax/levy stuff is only going to get worse, knowing what my mortgage outgoings for at least that long seems very sensible.

I may be frugal but I can't claim financial wisdom so will be watching other replies to this thread with great interest.

Thanks again for starting it.

Ms_Frugal