Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Mortgage repayment - fixed or variable

Options
  • 16-01-2017 11:31am
    #1
    josihay35x
    Closed Accounts Posts: 27 ✭


    Hi,
    First time boards user here, and am hoping someone can help.

    iv got a 20 yr mortgage with BOI on my family home, and have just finished the initial 3 year fixed term.

    I have now been offered the following:

    - Variable LTV rate of 4.2%
    - 1 year fixed LTV rate of 3.4%
    - 2 year fixed LTV rate of 3.25%
    - 3 year fixed LTV rate of 3.1%
    - 5 year fixed LTV rate of 3.3%
    - 10 year fixed LTV rate of 3.95%
    - Tracker Variable Rate

    Can you please advise on which i should go with now? or please take the poll.

    much appreciated.

    Which mortgage repayment option should i take with BOI: 5 votes

    Variable LTV rate of 4.2%
    0% 0 votes
    1 year fixed LTV rate of 3.4%
    20% 1 vote
    2 year fixed LTV rate of 3.25%
    0% 0 votes
    3 year fixed LTV rate of 3.1%
    20% 1 vote
    5 year fixed LTV rate of 3.3%
    60% 3 votes
    10 year fixed LTV rate of 3.95%
    0% 0 votes
    Tracker Variable Rate
    0% 0 votes
    Tagged:


Comments

  • Options
    #2
    More Music
    Registered Users Posts: 872 ✭✭✭More Music


    Well, what did you decide?

    I got the same offer.


  • Options
    #3
    JTMan
    Registered Users Posts: 5,540 ✭✭✭JTMan


    What rate is the tracker variable?

    Switch is the best option (unless the tracker rate is favourable). You can get 2% cashback with EBS and then just switch again after you get the cashback.


Advertisement