I took out a 30 year mortgage with Bank Of Ireland in Dec 2012. I have 4.5 years repayments made. The balance owed is about €250K and the loan to value ratio is less than 50% as the house is worth about €550K. I am currently on a fixed rate of 3.6% and this is due to expire next week. My repayments are currently €1284 per month. BOI have offered me the following: Variable LTV less than/equal to 60% - 3.9% 1 year fixed less than/equal to 60% - 3.2% 2 year fixed less than/equal to 60% -3.0% 3 year fixed less than/equal to 60% - 3.0% 5 year fixed less than/equal to 60% - 3.2 10 year fixed less than/equal to 60% - 3.8 I am inclined to go with the 2 year fixed rate of 3.0% and then see where interst rates are at that stage. Is it possible to squeeze a better interst rate out of BOI? However I see many thread here re switching. I called into EBS and they said I would have to make a full application but that they would probably offer me 3.3% variable and they would give me 2% cash back. This would come to about €5K and I assume to would probably cost around €2K in legal fees. EBS pointed out they have dropped their variable rate 4 times in the last year while the BOI variable is still high. Is it worth changing? If I did, what is the likelehood of BOI taking me back again in maybe a year if I tried to avail of their switcher deal at that stage?