Interest rates advice

R

rochforn

Registered User
Messages
12
Guys.
First time buyer with PTSB, 70% LTV.
Two options
Fixed for 3 years at 2.9%
Variable 3.4% for 12 months

I'll be in a position to overpay the mortgage by maybe double some months so would it be more wise going with the variable rate to allow me to do so. I intend switching after 6 months to a year anyhow so not worried about coming off the discounted variable...
Any advise appreciated

Thanks
 
Last edited:
The variable rate with AIB would be 2.95% for your LTV.

But UB have fixed options 2yr at 2.3% and 4yr at 2.6%. UB allow you to overpay by 10% of the balance each year.

Avoid PTSB.
 
Got to agree with the above unless you are planning mutiple switches better offers out there than PTSB.
 
Thanks guys appreciate the info..
The reality is PTSB gave me the highest loan offer with an exception so I could avail of the help to buy scheme nobody else was coming close so it was a no brainer, 15k rebate and 4500 cash back. Yes I will switch asap but not many banks will take me on with minumum stays from Ebs @12 months, UB 6 months BOI 12 months for good cashback deals.
So my question still stands which of the two options given would u guys go for?
Thanks
 
Clearly if you're planning to
a) switch
and
b) overpay

then you have to go the variable route.
 
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