Hi Brendan,
I am on a SVR 5.55/5.80 new increase next month 5/30 years in, current balance owing EUR145K with PTSB. I can access cash to approx EUR 110K. Aside from the obvious saving on interest by paying off mortgage early am I wise to pay this off with all the debt forgiveness talk and the early pay offers currently on offer to lucky tracker holders. Got caught in the boom for the house price dont want to get caught in the bust. Should I hold on and see if there is debt forgiveness or are PTSB going to give offers to variable rate like trackers.Currently in full time employment so can service debt but not indefinately the way rate is increasing.
Thanks
I am on a SVR 5.55/5.80 new increase next month 5/30 years in, current balance owing EUR145K with PTSB. I can access cash to approx EUR 110K. Aside from the obvious saving on interest by paying off mortgage early am I wise to pay this off with all the debt forgiveness talk and the early pay offers currently on offer to lucky tracker holders. Got caught in the boom for the house price dont want to get caught in the bust. Should I hold on and see if there is debt forgiveness or are PTSB going to give offers to variable rate like trackers.Currently in full time employment so can service debt but not indefinately the way rate is increasing.
Thanks