Tracker Retention the best Option

L

laura28

Registered User
Messages
101
Hi All,

We are in the final stages of obtaining a tracker retention mortgage with AIB. From reading on another few threads I am wondering is this deal good or would we get a better "deal" from a new mortgage and fixing our rate. The figures are -

€166,849 @ 1.75% tracker retention for 25 years - €689 p/m
€201,151 @ 3.5% SVR for 25 years - €1,008 p/m

Due to our ages we are only eligible for 25 year term.

Appreciate all views.

Thanks
 
They've just announced a reduction in SVR to 3.15%, applicable from 1st November.

Your blended rate would be 2.52% after the rare cut - can't see you getting better than that.

Also, any overpayment you make would go against the SVR balance, reducing your overall blended rate.

If a better deal becomes available with another lender, you can switch at any time.
 
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