Revised Mortgage Rate

[Martin Toole]

Please you help me i have been offered revised rates for my mortgage form BOI, My current rate is 3.25%.

The following is the offer from BOI

Tracker variable ecb + 1.25% = 4.0 %
1 year Fixed = 4.490 %
2 year fixed = 4.590 %
3 year fixed = 4.690 %
5 year fixed = 4.890 %
10 year fixed = 5.190 %

Is it best to stay on the variable rate or go fixed for a period

Regrads

Martin

 

[Guest107]

you are coming off a discounted one year FTB are you ?????

the tracker is not very good , you can easily push them for 1.0-1.1% by threatening to leave for NIB or something like that , simply ring .

If you want to play safe the 2 year fix looks OK to me and then go tracker . If you have a few quids handy chuck them in right now before you go on the fix

 

[scuby]

that looks like what i got from ICS. my discount rate is coming to an end as well..... thinking of going for the fixed rate for 2/3 years as well... way thing are going the rates are def going to go up another.5% in the coming months