Hi,
I have BTL mortgage with variable rate with finance Ireland and want to switch immediately probably to fixed rate for few years. What are my options and would a broker be better to deal with or go with the bank itself. Spoke to the same broker who got the mortgage in the first place. He reckons Brokers Ireland will give me good deal. I am keen to go with the bank.
Srama
I have BTL mortgage with variable rate with finance Ireland and want to switch immediately probably to fixed rate for few years. What are my options and would a broker be better to deal with or go with the bank itself. Spoke to the same broker who got the mortgage in the first place. He reckons Brokers Ireland will give me good deal. I am keen to go with the bank.
- Current lender Finance Ireland
- If your current lender is Permanent TSB, was your mortgage transferred to them from Ulster Bank?
- Outstanding mortgage balance (how much you still owe) €170K
- Approximate current value of your property €320K
- The date you started your fixed-rate mortgage (month and year) variable in March 2021 at 3.95%
- How many years you fixed for N/A
- Your current mortgage interest rate 5.75% ( Increasing to 6.75% mid March)
- Your current monthly repayment (excluding any overpayments) €1,115
- Your property's BER (Building Energy Rating) – check it here or estimate it if necessary C1
- Are you due to get extra cashback from your current lender in the future, e.g., "1% after 5 years", or "2% cashback monthly"? If so, how much (monetary amount) and when? No
- Did you use a broker when you took out your current mortgage? Yes
Srama
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