Hi there, apologies for yet another thread on UB but I can't quite find one the same as my situation.
Currently on fixed rate with UB of 2.85% due to end 30th September this year. Balance is 210,000 with 27 years remaining. I am trying to beat a rise in rate when the mortgage moves to PTSB. I cannot switch as the original mortgage was a joint application and following divorce the term was extended and I am the sole payee who does not earn enough to get the mortgage in my own name - computer says no.
So got a break fee figure of €966 in the post today and could potentially switch to a 4 or 5 year fixed rate of 2.45% with current LTV <80%. My question is am I better to break out & refix now or wait it until July when I can switch with no break fee - if anyone has a crystal ball that would be great so I can see whether UB will still be here in 6 months offering the same deals or not
Currently on fixed rate with UB of 2.85% due to end 30th September this year. Balance is 210,000 with 27 years remaining. I am trying to beat a rise in rate when the mortgage moves to PTSB. I cannot switch as the original mortgage was a joint application and following divorce the term was extended and I am the sole payee who does not earn enough to get the mortgage in my own name - computer says no.
So got a break fee figure of €966 in the post today and could potentially switch to a 4 or 5 year fixed rate of 2.45% with current LTV <80%. My question is am I better to break out & refix now or wait it until July when I can switch with no break fee - if anyone has a crystal ball that would be great so I can see whether UB will still be here in 6 months offering the same deals or not