What mortgage to choose. LTV <50%

[bannerman80]

Hello, I am just lookin for some advice. I have been approved for a mortgage from both AIB and Ulster bank. I am trading up and not a first time buyer

The LTV is less than 50% so AIB are offering there best variable rate of 2.75%.
There appears to be no extras offered by AIB such as paying for house valuation or contributing towards solicitor fees etc.

Ulster bank seem to have attractive fixed rates on offer that are lower than the 2.75% on offer from AIB. Ulster banks four year fixed rate of 2.6 % is attractive. It also has the 2.3 rate for two years. Ulster bank are offering to cover the valuation cost and pay €1500 towards legal fees.

My only concern is that once ulster banks fixed rate term of four years or two years is over I than go onto the very high variable rate that is over 4%.

Can anyone give advice on what mortgage go for?

 

[RedOnion]

My only concern is that once ulster banks fixed rate term of four years or two years is over I than go onto the very high variable rate that is over 4%.

Nobody has any idea what the mortgage market will be like in 4 years time.

Grab the best rate you can now, and if at the end of fixed rate there's a better rate available with another bank, switch.