Hi,
I am planning on moving my BOI fixed mortgage when term ends soon to avail of a better deal.
Currently
Mortgage = 350K.
House value = 700K.
Offered Rates
1 year fixed @ 3.10%
2 year fixed @ 3.00%
I am thinking of moving to TSB & avail of their 2 cashback (7K) & 3.2% 1 yr fixed rate. Other attractive rate is UB 2.6% for 4 years, but I am weary of the 4 years & like to pay off a lump sum every year with bonuses (between signing up to a new fixed rate). I realise TSB SVR rate is high, but I plan to move again after if they don't keep me on a decent rate.
Do folks think my logic is good?
F
I am planning on moving my BOI fixed mortgage when term ends soon to avail of a better deal.
Currently
Mortgage = 350K.
House value = 700K.
Offered Rates
1 year fixed @ 3.10%
2 year fixed @ 3.00%
I am thinking of moving to TSB & avail of their 2 cashback (7K) & 3.2% 1 yr fixed rate. Other attractive rate is UB 2.6% for 4 years, but I am weary of the 4 years & like to pay off a lump sum every year with bonuses (between signing up to a new fixed rate). I realise TSB SVR rate is high, but I plan to move again after if they don't keep me on a decent rate.
Do folks think my logic is good?
F