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fixed rate advice

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  • 15-02-2011 6:32pm
    #1
    deekme
    Registered Users Posts: 45 ✭


    Hi not really clued up atol about mortgages and interest rates but i am on a variable rate mortgage just now and its 4.75%
    I have the option to fix this for 5 years at 5.5%, 7 years at 6.1% and the same for 10 years fixed..
    luckily both my wife and i work and can afford any of the options just now..
    We are not sure what one to choose because as you know PTSB has put there interest rates up there by 1% but we can still get these rates as we enquired about them before they officially made the interest change.
    just looking for a bit of advice on whether people think the rates will continue to rise and for how long..
    any advice appreciated.
    cheers

    if this is in the wrong thread then could a mod please move it thanks again


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    #2
    nb83
    Closed Accounts Posts: 41 ✭nb83


    hi, im just wondering if they are still offering those rates to you? I was sent out a letter about it on the 3rd of Feb and sent back my letter last week and got a letter yesterday saying that I had not sent it back within the 7 day period. Any advice?


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    #3
    deekme
    Registered Users Posts: 45 ✭deekme


    well we called on wednesday 2nd and they said they didnt even know of the interest rate going up and they said they would send us a for with thew fixed rates on it for us and we had to choose one..

    Anyway the letter never came and when the rates went up we called the local branch only to be told that they had pulled all there fixed rates for review.We told them about the call and they said they coulnt find it.

    We kept at them telling them the call was made and that it was there somewhere so we got an itemised bill from eircom and then told them the exact day and time of the call then they found it and said we were correct and that they had to stand by it.

    We got the letter monday and sent it back wednesday and they did say that they had to have it back within a week of reciept.

    hope this helps..


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    #4
    nb83
    Closed Accounts Posts: 41 ✭nb83


    Was it this week you sent back the letter?


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    #5
    deekme
    Registered Users Posts: 45 ✭deekme


    yes only sent it back on wednesday there.
    but i only got it monday after waiting on them trying to find our phonecall they said they couldnt find


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    #6
    nb83
    Closed Accounts Posts: 41 ✭nb83


    im waiting for them to find the phone call saying that they would not receive faxes when in fact they actually were. 7 days is totally unrealistic when you only get the letter on day 5! :mad:


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