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Should I fix or not for 3 years

Corolla76 · 2011-03-07 12:31:01

interest rate ;to fix or not????? i am on a variable with AIB paying 827 .i can fix for 3years at 880.is it a no brainer? 0.25 rise would mean 26 euro extra a month if i stay on varible *

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07-03-2011 1:31pm

#1

Corolla76

Registered Users Posts: 36 ✭

Join Date: March 2011

Posts: 17

interest rate ;to fix or not?????
i am on a variable with AIB paying 827 .i can fix for 3years at 880.is it a
no brainer? 0.25 rise would mean 26 euro extra a month if i stay on varible
*

0

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#2 07-03-2011 6:50pm
coylemj

Registered Users Posts: 25,437 ✭✭✭✭

Join Date: October 2006

Posts: 24948

If you can afford the higher repayment then deffo fix it for three years, it may be the last time you ever get a fixed rate mortgage.

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#3 08-03-2011 11:15pm
Lady Chatterton

Registered Users Posts: 19,585 ✭✭✭✭

Join Date: September 2008

Posts: 18953

I fixed for five years, just two days before EBS stopped offering fixed rates and I'm so glad that I did as the ECB are due to increase interest rates again next month. The banks are loosing money on fixed rates so that's why they want to get rid of them.

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