Permanent TSB Mortgage

Mortgage Question

Does anyone know if you can overpay your mortgage on a fixed rate with permanent tsb?

Sunrise_Sunset

You can overpay and it sits on the account as a credit balance until the fixed term is over. You can then use the credit and pay it against the mortgage.

bodyguard1

Sorry for hijacking your thread I was just looking for advice regarding a Mortgage I have with Permanent TSB currently I am on a 3 Year Fixed Rate of 3:30 % which is due to expire on October 5th I have a mortgage balance of around €62,000 with 12 Years remaining, my current monthly repayment including life insurance is €595.00. The current value of the property is €250,000 - €275,000

They have sent me out a list of rates as follows;

Option Rate Monthly Repayment
Variable Rate 3.70 % € 557.52
2 Year Fixed 3.10 % € 539.31
3 Year Fixed 2.95 % € 534.81
5 Year Fixed 3.00 % € 536.31

The question is giving the current economic climate is it wise to go for a 3 Year Fixed Rate or will variable rates reduce.

Thanks in advance for any feedback.

Sunrise_Sunset

bodyguard1 wrote: »

Sorry for hijacking your thread I was just looking for advice regarding a Mortgage I have with Permanent TSB currently I am on a 3 Year Fixed Rate of 3:30 % which is due to expire on October 5th I have a mortgage balance of around €62,000 with 12 Years remaining, my current monthly repayment including life insurance is €595.00. The current value of the property is €250,000 - €275,000

They have sent me out a list of rates as follows;

Option Rate Monthly Repayment
Variable Rate 3.70 % € 557.52
2 Year Fixed 3.10 % € 539.31
3 Year Fixed 2.95 % € 534.81
5 Year Fixed 3.00 % € 536.31

The question is giving the current economic climate is it wise to go for a 3 Year Fixed Rate or will variable rates reduce.

Thanks in advance for any feedback.

A portion of my mortgage is fixed and we were sent the same list of options. We decided on 5 years fixed at 3%.

Sheep Shagger

Sunrise_Sunset wrote: »

A portion of my mortgage is fixed and we were sent the same list of options. We decided on 5 years fixed at 3%.

Depending on your LVR, Advent could do a fixed rate for 1.95%. Keep your repayments the same as they are today and you'll shave years off your mortgage term in interest savings

Sunrise_Sunset

Sheep Shagger wrote: »

Depending on your LVR, Advent could do a fixed rate for 1.95%. Keep your repayments the same as they are today and you'll shave years off your mortgage term in interest savings

I can't as the majority of my mortgage is tracker. I'll be staying put unless interest rates drop below the tracker rate.

bobbyy gee

bonkers says 2.75%
about 490 can you pay it off sooner
in 2 years

https://www.bonkers.ie/compare-mortgages/your-results/