Hi,
We have just got a letter out from our bank saying our interest only mortgage was up for renewal at the end of November.
We changed our mortgages last year to TSB. The investment property
got a rate of 2.55% which made the monthly payment on interest only
of 479.75. The letter now offers five options at interest only
The mortgage is €222,000. House is valued €400,000
Tracker variable rate 4.50% 823.69
(ECB + 1.2500%)
Standard Variable Rate 841.74
Year 1 Fixed rate 4.75% 868.80
Year 2 Fixed rate 4.85% 886.85
Year 3 Fixed rate 4.85% 886.85
Our fixed rate has gone from €479.75 to approx €868.80
Does this seem correct.
Thanks a mil
Gal1
We have just got a letter out from our bank saying our interest only mortgage was up for renewal at the end of November.
We changed our mortgages last year to TSB. The investment property
got a rate of 2.55% which made the monthly payment on interest only
of 479.75. The letter now offers five options at interest only
The mortgage is €222,000. House is valued €400,000
Tracker variable rate 4.50% 823.69
(ECB + 1.2500%)
Standard Variable Rate 841.74
Year 1 Fixed rate 4.75% 868.80
Year 2 Fixed rate 4.85% 886.85
Year 3 Fixed rate 4.85% 886.85
Our fixed rate has gone from €479.75 to approx €868.80
Does this seem correct.
Thanks a mil
Gal1