GreenQueen
Registered User
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Can anyone advise?
Ulster Bank are offering 3 x fixed rates on their website. Standard 1, 3 & 5 Year rates. But I don't understand that they say fixed rate until:
1 Year - 31st December 2011
3 Year - 31st December 2012
5 Year - 31st December 2014
Does this mean that if I fix my mortgage at say their 1 year rate on 1st May 2010, I will be on that fixed rate until 31st December 2011. Isn't that more than 1 year/12 repayments?
Apologies if it's a dumb question.
Ulster Bank are offering 3 x fixed rates on their website. Standard 1, 3 & 5 Year rates. But I don't understand that they say fixed rate until:
1 Year - 31st December 2011
3 Year - 31st December 2012
5 Year - 31st December 2014
Does this mean that if I fix my mortgage at say their 1 year rate on 1st May 2010, I will be on that fixed rate until 31st December 2011. Isn't that more than 1 year/12 repayments?
Apologies if it's a dumb question.