Mortgage Fixed Rate Query

[Dublingal]

Hi,
I have the option of fixing our mortgage for 4 years @ 2.6% or 5 years @ 2.8%

The difference between 4 and 5 years is €10 per month.

Which is the better option? With all the talk about fixed rates and Brexit and European rates, I've no idea.

Thanks

 

[David1234]

You would effectively be paying €480 for an additional year on a fixed rate over the 4 years. Personally I do not think that it would be worth it