5 Year Fixed

madmoe

Registered User
Messages
70
Hi guys,
I have just been offered a 5 year fixed rate from First Active. The repayment figure is in or around €1300.

What would be your advise for\against going for a fixed rate for 5 years? Would it be wise in this current climate?

Cheers,
Mark
 
There are many, many existing threads on the whole fixed versus variable/tracker question that you should search/browse for and read.

You don't state what the details of the loan are (capital amount, LTV, term etc.).