thejuggler
Registered User
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- 133
Looking for some advice here. I'm coming to the end of a two year fixed rate with Permanent TSB (fixed at 4.8%)
As usual they have sent me a letter outlining my options which are as follows
Tracker variable rate (ECB + maximum 1.68%) currently 5.43%
2 or 5 year fixed 5.75%
7 or 10 year fixed 6.1%
To give you some background I am 6 years into a 30 year term. The mortgage amount was 156k (about 135k outstanding) and the LTV (depending on your valuation - similar houses were selling for 360k in 2006 - today who knows??) is under 50%
I don't want to fix again as interest rates are still falling and I would hope to move at some point in the future so would like the flexibility.
This tracker does not seem very competitive although I presume after yesterdays rate cut by the ECB it will be down to
4.68%
What should I do? Is there better value out there or should I ask PTSB for a standard variable rate or a better rate given my LTV?
Hope to phone them later - just trying to figure out my best approach.
As usual they have sent me a letter outlining my options which are as follows
Tracker variable rate (ECB + maximum 1.68%) currently 5.43%
2 or 5 year fixed 5.75%
7 or 10 year fixed 6.1%
To give you some background I am 6 years into a 30 year term. The mortgage amount was 156k (about 135k outstanding) and the LTV (depending on your valuation - similar houses were selling for 360k in 2006 - today who knows??) is under 50%
I don't want to fix again as interest rates are still falling and I would hope to move at some point in the future so would like the flexibility.
This tracker does not seem very competitive although I presume after yesterdays rate cut by the ECB it will be down to
4.68%
What should I do? Is there better value out there or should I ask PTSB for a standard variable rate or a better rate given my LTV?
Hope to phone them later - just trying to figure out my best approach.