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Variable Rate Mortgage Query

donal7 · 2015-01-23 10:36:08

Hi All, I got a letter from the lender giving me an option to fix for 2 years at 3.80%. It seems very tempting. I was just wondering what people might think with regard to variable rate decreases over the coming 2 years? The variable rate decreased late last year for the first time in nearly 2 years. Thanks

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23-01-2015 11:36am

#1

donal7

Registered Users Posts: 185 ✭✭

Join Date: April 2007

Posts: 131

Hi All,

I got a letter from the lender giving me an option to fix for 2 years at 3.80%. It seems very tempting.

I was just wondering what people might think with regard to variable rate decreases over the coming 2 years? The variable rate decreased late last year for the first time in nearly 2 years.

Thanks

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#2 23-01-2015 1:13pm
jameshayes

Registered Users Posts: 3,772 ✭✭✭

Join Date: January 2007

Posts: 3630

have a read here: http://www.boards.ie/vbulletin/showthread.php?t=2057366607

If you like hedging your bets, you could talk to your bank about the possibility of splitting your mortgage, 50% fixed for 2 years and 50% variable

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