about to draw down EBS mortgage

I'm about to draw down on a mortgage in next few weeks with EBS.

They seem to want me to go for the variable rate of 2.67% but I'm thinking long term their fixed rate of 2.7% is better ?

I obviously should try get fixed for a few years ?

Re: Independent - Mortgage rates likely to rise

Rent27
2.7% is APR on fixed. Take a look at the fixed interest rate 3 years over 35 year loan. [broken link removed]

Re: Independent - Mortgage rates likely to rise

Ann1 said:

Rent27
2.7% is APR on fixed. Take a look at the fixed interest rate 3 years over 35 year loan. [broken link removed]

Click to expand...

Oh I see , cheers , getting so confused

Renter27
Mortgage products are much more confusing nowadays than they were 20 years ago because there are so many versions out there. Make sure you ask as many questions as you can about variable and fixed rates. You need to know the products completely before you sign up to any of them. Things like e.g. 'on fixed rate if I win lotto and want to pay the loan off am I penalised and if I am how much' or 'can I make extra payments if I get a salary increase.

Thats a good point Ann1 thanks. I'll have to have a meeting with the manager and my list of questions !