Hi everyone,
I'm looking for a (thankfully small) mortgage of approximately €150,000 (which will be <60% LTV) I was looking approximately six months ago and had decided on the 4.6% LTV tracker mortgage offered by NIB as recommended by posters in the best buy forum.
However, having taken my eye off the ball for six months, that mortgage and other tracker loans I was looking at do not exist anymore. I've been told by NIB that their new Standard Variable Rate with a LTV of <60% is 5.15%. Alternatively, their fixed rates are as follows:
2 yr fixed: 5.4%
3yr fixed: 5.15%
5yr fixed: 4.6%
Does anyone know of any more favourable rates at the moment? I really don't want to commit to it without doing some research.
Also, is a broker essential -ie- do they know of rates that aren't available to the public or will a decent amount of research on my part mean that I shouldn't need one?
I'd also like a bit of guidance on the following: I'm a bit worried about the fact that there seems to be no control over what rate a bank sets its variable rate at - at least with the tracker I had the security of knowing that it was tied to the ECB. Am I being paranoid?
Many thanks in advance!
I'm looking for a (thankfully small) mortgage of approximately €150,000 (which will be <60% LTV) I was looking approximately six months ago and had decided on the 4.6% LTV tracker mortgage offered by NIB as recommended by posters in the best buy forum.
However, having taken my eye off the ball for six months, that mortgage and other tracker loans I was looking at do not exist anymore. I've been told by NIB that their new Standard Variable Rate with a LTV of <60% is 5.15%. Alternatively, their fixed rates are as follows:
2 yr fixed: 5.4%
3yr fixed: 5.15%
5yr fixed: 4.6%
Does anyone know of any more favourable rates at the moment? I really don't want to commit to it without doing some research.
Also, is a broker essential -ie- do they know of rates that aren't available to the public or will a decent amount of research on my part mean that I shouldn't need one?
I'd also like a bit of guidance on the following: I'm a bit worried about the fact that there seems to be no control over what rate a bank sets its variable rate at - at least with the tracker I had the security of knowing that it was tied to the ECB. Am I being paranoid?
Many thanks in advance!