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Move off a tracker?

dinneenp · 2020-11-23 21:34:52

Hi, As crazy as that sounds, yes, you read that right. €156k left Tracker: ECB & 1% (1% addition as we moved house)= 2.68% 184 months (15.3 years) €1,041 pm. LTV is under 50% Avant offering 1.95% fixed for 5 or 7 years, follow on rate is 2.5% 1.95% would be about €1000 pm, so saving saving almost €3.5 over 7 years. If we…

23-11-2020 10:34pm

#1

dinneenp

Registered Users, Registered Users 2 Posts: 8,149 ✭✭✭

Join Date: October 2004

Posts: 6782

Hi,

As crazy as that sounds, yes, you read that right.

€156k left
Tracker: ECB & 1% (1% addition as we moved house)= 2.68%
184 months (15.3 years)
€1,041 pm.
LTV is under 50%

Avant offering 1.95% fixed for 5 or 7 years, follow on rate is 2.5%
1.95% would be about €1000 pm, so saving saving almost €3.5 over 7 years.
If we could get another 7 year fixed or variable after that close to 2.68 it'd be a good idea to switch now. I guess the big question is what will the rates be like in 7 years.

Any thoughts please?
Thanks,
Pa.

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