Keengardener1
Registered User
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- 12
Is the weighted average rate with PTSB not 2.89% (€215k@2.68% + €150k@3.2% = €10,562/€365,000)? Or is 3.2% a one year discounted rate?The average rate from ptsb is 3.1%
Or is 3.2% a one year discounted rate?
By my calculations, BOI's cashback offer is worth €10,450 (assuming a 25 year term). They also do a 1-year fix @3.2%
That's their discounted rate for LTVs up to 50%. Their one year discount is 0.5%, so it currently goes to 3.7% at the end of Year 1.PTSB are offering on the €150k @ 3.2 discounted for 1 year
Irish mortgage rates from all lenders are 1.5% above the rates in other eurozone countries. This differential will be reduced either through competition or through legislation.
if you have fixed for three years, you won't benefit from that.
When rates come down, both fixed and variable rates will come down. So you should be then able to fix at much lower rates than 3%.
Brendan
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