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Question - stay fixed or go variable

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  • 08-01-2009 12:59pm
    #1
    poker_pro
    Registered Users Posts: 10 ✭


    My mortgage is currently fixed at 4.73% for the next 3 years. I can come off that for free and onto a variable rate of 4.15% with my current lender. I figure this will save me €125+ pm. I'm siding towards going to the variable rate but interested to hear other views...

    For info - my provider is NIB. Their current variable is 4.90% but they are passing on the last interest rate cut of 0.75% on Jan 12th.


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    #2
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    If your lender is letting you do this without charging you a penalty fee - then do it soon (like today) . ECB Rates are due to fall again next week - and some or all of that may be passed on to variable rates. If there is no penalty today there may well be one next week.


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