Moderator's note: If your mortgage is with Pepper, you do not have the option of fixing your rate (unless you switch to another lender and give up your tracker).
However, in December 2022 Pepper said that it would allow some of its customers to fix their monthly repayments. (This is not the same as fixing your interest rate.) See this thread and check with Pepper if you are eligible:
If you want to ask whether you should switch to another lender or keep your tracker, please provide the following information:
1) Existing tracker margin. (This is set in your mortgage contract.)
5) Lender
6) Value of your home
7) Might you trade up or overpay your mortgage?
8) Do you face any barriers to switching? E.g., an impaired credit record, a mortgage with a warehoused portion due to a restructuring, reduced income since you took out your mortgage, you are now renting out the property.
9) What rates are you considering fixing at?
10) Does your house have a high BER rating which might qualify it for a lower rate? Check it here or estimate it if necessary.
11) How well could you handle a further 2% rise in the ECB rate?
1) Existing tracker margin. (This is set in your mortgage contract.) ECB + 0.75%
3) Amount outstanding on your mortgage 93000
4) Remaining term 12yrs
5) Lender - Pepper (former Halifax/BoSI)
6) Value of your home 320000
7) Might you trade up or overpay your mortgage? No/No
8) Do you face any barriers to switching? E.g. an impaired credit record, a mortgage with a warehoused portion due to a restructuring, reduced income since you took out your mortgage. No
9) What rates are you considering fixing at? approx 2.5% would bring monthly to €750, which would start to impact savings and CoLI
10) Does your house have a high BER rating which might qualify it for a lower rate? Check it here or estimate it if necessary. C1
Current repayments: 693/month (incl first ECB increase Aug 22)
3 kids - 15,13,11
thanks in advance
However, in December 2022 Pepper said that it would allow some of its customers to fix their monthly repayments. (This is not the same as fixing your interest rate.) See this thread and check with Pepper if you are eligible:
Pepper to offer fixed repayments to "customers under pressure"
Moderator's note: the headline of the Irish Independent article is incorrect: Pepper are offering "fixed reduced monthly repayments", not fixed rates, to struggling customers...
www.askaboutmoney.com
If you want to ask whether you should switch to another lender or keep your tracker, please provide the following information:
1) Existing tracker margin. (This is set in your mortgage contract.)
- If your tracker margin is 1%, please state it in the following format to avoid confusion: ECB + 1%
- E.g., "Fixed at 2% with three and a half years of the fixed-rate period remaining."
- If you have both a tracker and a second mortgage on the property, specify the amount outstanding on each
5) Lender
6) Value of your home
7) Might you trade up or overpay your mortgage?
8) Do you face any barriers to switching? E.g., an impaired credit record, a mortgage with a warehoused portion due to a restructuring, reduced income since you took out your mortgage, you are now renting out the property.
9) What rates are you considering fixing at?
10) Does your house have a high BER rating which might qualify it for a lower rate? Check it here or estimate it if necessary.
11) How well could you handle a further 2% rise in the ECB rate?
1) Existing tracker margin. (This is set in your mortgage contract.) ECB + 0.75%
- If your tracker margin is 1%, please state it in the following format to avoid confusion: ECB + 1%
3) Amount outstanding on your mortgage 93000
4) Remaining term 12yrs
5) Lender - Pepper (former Halifax/BoSI)
6) Value of your home 320000
7) Might you trade up or overpay your mortgage? No/No
8) Do you face any barriers to switching? E.g. an impaired credit record, a mortgage with a warehoused portion due to a restructuring, reduced income since you took out your mortgage. No
9) What rates are you considering fixing at? approx 2.5% would bring monthly to €750, which would start to impact savings and CoLI
10) Does your house have a high BER rating which might qualify it for a lower rate? Check it here or estimate it if necessary. C1
Current repayments: 693/month (incl first ECB increase Aug 22)
3 kids - 15,13,11
thanks in advance
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