Currently on SVR of 4.58% with EBS, due to reduce to 4.2% (?) after recent announcement. I can fix it for 2 years at 3.6% which in my opinion seems a good call.
Should I wait for further reductions or fix now? Any advice appreciated.
Should your interest rate not be 4.33% now and reducing by 0.38% in june after announcement two weeks ago?
It was 4.58% before the announcement before Christmas of a 0.25% reduction.
Apologies if I am wrong but friend has a mortgage with them and he keeps me updated.
There is a 3.5% 1 year fixed available from EBS.
Its hard to know whether to fix now or wait.
I would mabe wait until nearer the end of summer and see the way things are then.
My friend was going to fix at 3.8% after the announcement at Christmas but held off. He is going to hold out until September.
Sorry for reviving this thread but wondering if anyone has any input as EBS wont entertain me over the phone and dont give anything away.
I ended up fixing for 1 year in 2015 with EBS which ended in August 2016, I reverted to SVR 3.7% and now tempted to fix again for 1 year @ 3.5% but unsure whether SVR could potentially go down any time soon, or indeed their fixed rates?
I reverted to SVR 3.7% and now tempted to fix again for 1 year @ 3.5% but unsure whether SVR could potentially go down any time soon, or indeed their fixed rates?
I am not sure EBS will lower their SVR or fixed rates for existing customers. They appear to be competing on the 2% cashback model at the moment and can see them doing this for the next while.
However, this is my personal view alone. The 2% cashback crew will always keep their rates higher than those who do not offer it !