S Shinyone Registered User Messages 1 15 Apr 2020 #1 Hi, Long time reader first time poster!! I've a Variable rate mortgage with AIB - LTV Variable <=50% @2.75%. Outstanding balance of €260k with 28yrs remaining. I've an option to switch to the AIB Green 5yr Fixed rate of 2.45%. What are people's thoughts? Would I be crazy locking in for 5 years? Do you think rates could possibly go lower for Fixed rates? Thanks
Hi, Long time reader first time poster!! I've a Variable rate mortgage with AIB - LTV Variable <=50% @2.75%. Outstanding balance of €260k with 28yrs remaining. I've an option to switch to the AIB Green 5yr Fixed rate of 2.45%. What are people's thoughts? Would I be crazy locking in for 5 years? Do you think rates could possibly go lower for Fixed rates? Thanks
T Techhead Registered User Messages 160 15 Apr 2020 #2 I struggle with this one. Im on 2.95 and been thinking of going for the 3yr fixed. Hard to tell
S Sarenco Registered User Messages 8,305 15 Apr 2020 #3 Why not hedge your bets and fix part of your mortgage?
M masterfuji Registered User Messages 1 22 Apr 2020 #4 Shinyone said: Hi, Long time reader first time poster!! I've a Variable rate mortgage with AIB - LTV Variable <=50% @2.75%. Outstanding balance of €260k with 28yrs remaining. I've an option to switch to the AIB Green 5yr Fixed rate of 2.45%. What are people's thoughts? Would I be crazy locking in for 5 years? Do you think rates could possibly go lower for Fixed rates? Thanks Click to expand... I am in the same boat with the lower LTV. Also wondering if I fix do I go back to the lower LTV after or is it just back on standard variable?
Shinyone said: Hi, Long time reader first time poster!! I've a Variable rate mortgage with AIB - LTV Variable <=50% @2.75%. Outstanding balance of €260k with 28yrs remaining. I've an option to switch to the AIB Green 5yr Fixed rate of 2.45%. What are people's thoughts? Would I be crazy locking in for 5 years? Do you think rates could possibly go lower for Fixed rates? Thanks Click to expand... I am in the same boat with the lower LTV. Also wondering if I fix do I go back to the lower LTV after or is it just back on standard variable?