Is it better to be on a fixed rate mortgage or varible surrounded by ireland at the min some insist on please?
IF YOU CAN FIND AN ANSWER IT WILL BE WORTH A FORTUNE.
That depends. Variable can be best in Ireland at the moment, but only if you use the length of low interest rates to pay as much as you possibly can off the mortgage. Some fixed rates are nearly as well-mannered. Rates will go up again, I don't know when, but they could be even higher than in the past. If you have brought the balance down, you will owe smaller amount, attracting lower interest as a result.
My daughter is locked into a fixed rate of 7% for another couple of years, unfortunately. The variable rate is nearly partly of that with the same provider, but rates can be found for lower than 3%, and some of those are fixed. Check out the possibilities at
http://www.mortgages.ie/index.cfm/spKey/…
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That depends. Variable can be best in Ireland at the moment, but only if you use the length of low interest rates to pay as much as you possibly can off the mortgage. Some fixed rates are nearly as well-mannered. Rates will go up again, I don't know when, but they could be even higher than in the past. If you have brought the balance down, you will owe smaller amount, attracting lower interest as a result.
My daughter is locked into a fixed rate of 7% for another couple of years, unfortunately. The variable rate is nearly partly of that with the same provider, but rates can be found for lower than 3%, and some of those are fixed. Check out the possibilities at
http://www.mortgages.ie/index.cfm/spKey/…
Related Questions: