Tracker or Variable Rate

T

theoaks

Registered User
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A 2 year fixed rate on an investment property has just expired with Permanent TSB. I've switched to their variable rate which is 0.2% cheaper than the Tracker rate. I'm wondering would the tracker rate be the better option in the long run as I'm wondering will they pass on the interest rate cuts if the ECB decide to reduce them some more
 
Yes, take the tracker over the variable.
On a tracker ECB reductions/increases will be passed on, on a variable it is up to the bank whether to pass them on or not.
 
sivelr said:
Tracker rates are no longer available, just Standard or LTV variable!
Click to expand...

They were available 2 years ago when OP when on fixed rate, so his contract probably states it moves to a tracker rate after the fixed period ends.
 
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