Huh!? Did you never get any letter clarifying the rate and any subsequent changes? Did you never get annual statements that contained this info? You should write to them asking them what the current rate is?We are currently paying €1,075 monthly on the variable rate. Don't know what the actual rate is as they haven't informed us.
Have you read the many other threads on the whole fixed versus variable/tracker rate question? I suspect that you should not since you don't seem to be under pressure with your mortgage repayments.1. Should we be fixing at all !?
I would be inclined to look at a low marging tracker rate rather than a fixed rate in your situation. You need to shop around.2. Given that we are borrowing a small-ish amount compared to most these days and the potential value of the property, would the LTV tracker rates be of more benefit to us ?
Start with tracker mortgages and see what is the best deal for your specific circumstances. Trackers are simple since the rate is basically ECB (currently/imminently 4%) + some fixed margin. Make sure to check the APR (not nominal rate) and/or cost per thousand (for the same term) when comparing offers from different lenders.We've been trying to check out all the rates etc but totally confused with different rates/options shown etc. and don't want to rely entirely on the mortgage broker.
All we got was a one page letter to say our fixed rate term was up shortly and a listing of their current fixed rate options. We have received nothing since. This only happened in the last two months. The last statement we got was just another one pager detailing the mortgage amount left, interest paid this year and not much else. Recently requested a full statement so waiting for that to arrive.Did you never get any letter clarifying the rate and any subsequent changes? Did you never get annual statements that contained this info? You should write to them asking them what the current rate is?
I have read some of the threads. That's what is making me think that we shouldn't go with a fixed rate. Will read further though. Just gets a bit confusing when other mortgage sums are being mentioned.Have you read the many other threads on the whole fixed versus variable/tracker rate question? I suspect that you should not since you don't seem to be under pressure with your mortgage repayments.
All we got was a one page letter to say our fixed rate term was up shortly and a listing of their current fixed rate options.
I haven't had any issues with them as such - apart from them not being very informative with us of what rate we are on etc and only offering us more fixed rates when our fixed term was up... but it sounds like they're not the only ones doing that.What would be the point in switching if they were to match UB? Have you encountered any other issues during your time with them?
Oh I'm definitely not going to tell them straight away... I hope to compare what they offer to the other options out there and then let them know if someone else is still bettering them. I'm slowly learning you only get what you ask for!! Just have to toughen up.Don't make a decision right away though - i noticed that really makes them itchy, tell them you have to discuss with other half.
Hi - I would also be interested in whether you believe it is a good time to fix or go with a tracker....If the rate is predicted to go up at least twice in the next year and then again the following year - is it better to fix now seeing as the only way is up at the moment - I would could possibly be fixing at a higher rate next year or the year after? I am being offered a tracker rate of .8 above ECB....many thanks
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?