Hi Rusty
I have moved your post here and edited the title.
I will deal with the 1.74% and 2.74% rates in the one thread.
Should you take up an offer of ECB +2.74%?
It depends on your current LTV.
If you are on a fixed rate or a variable rate higher than this, then you should avail of this immediately. You get to break out without paying a break fee.
Then you should review your options.
You can fix for 5 years with AIB at 2.35% if you have an LTV of <50%
You can switch to Avant and fix for 7 years @1.95% if you have an LTV of <60%
While there is some value in a guaranteed margin of 2.74% , personally I think a fixed of 1.95% for 7 years is a much better guarantee.
Brendan