Hi Again.
I am on 2.6% fixed rate with UB with 290k outstanding on my mortgage with 1 year left on my fixed rate. Paying 3K per month. I am in a fortunate position where I can pay off the annual 10% over payment which is 30 K in this case.
I am trying to decide should I pay this now or hold off on this because if I do, it will place me below the €250K threshold for the reduced rate this time next year when my fixed rate expires. What do people think? Will reduced fixed rates (2.3%) be available next year?
Any input from my learned friends would be greatly appreciated.
Thanks in advance
Fozzie
I am on 2.6% fixed rate with UB with 290k outstanding on my mortgage with 1 year left on my fixed rate. Paying 3K per month. I am in a fortunate position where I can pay off the annual 10% over payment which is 30 K in this case.
I am trying to decide should I pay this now or hold off on this because if I do, it will place me below the €250K threshold for the reduced rate this time next year when my fixed rate expires. What do people think? Will reduced fixed rates (2.3%) be available next year?
Any input from my learned friends would be greatly appreciated.
Thanks in advance
Fozzie