Hi
AFAIK it's all very straightforward but thought I would ask.
Coming off fixed of 5.55% next month with PTSB and have been told over the phone that I can opt for a tracker at ECB + 2.25%.
A bit of a no-brainer in the current climate. Apart from the obvious risk of base rate increases is there anything else I should know?
I'm assuming that we can opt out on an at least yearly basis for example?
I will be talking to the lender of course and am expecting details of options by post but this is all new to me and just wanted some feedback first.
TIA
AFAIK it's all very straightforward but thought I would ask.
Coming off fixed of 5.55% next month with PTSB and have been told over the phone that I can opt for a tracker at ECB + 2.25%.
A bit of a no-brainer in the current climate. Apart from the obvious risk of base rate increases is there anything else I should know?
I'm assuming that we can opt out on an at least yearly basis for example?
I will be talking to the lender of course and am expecting details of options by post but this is all new to me and just wanted some feedback first.
TIA