Hi,
I've just been approved for a mortgage with AIB and BOI. I want to fix for three years but AIB have said that I can't fix until the house is finished (July 2011) and that I will have to go on a variable rate before then.
Is this the norm or are they pulling a fast one? I would prefer to fix as I think interest rates could rocket over the next 6 months when the IMF take over from Fianna Fail.
Also, is there much point in applying to other instituitions for a mortgage or should I just go with AIB or BOI?
I've just been approved for a mortgage with AIB and BOI. I want to fix for three years but AIB have said that I can't fix until the house is finished (July 2011) and that I will have to go on a variable rate before then.
Is this the norm or are they pulling a fast one? I would prefer to fix as I think interest rates could rocket over the next 6 months when the IMF take over from Fianna Fail.
Also, is there much point in applying to other instituitions for a mortgage or should I just go with AIB or BOI?