Can you pre book a fixed mortgage rate?

[Alizar]

I am a first time buyer with AIB and have a fixed rate of 2.49%. I have this rate for another ten months. I heard before on some radio showthat you could book a fixed rate ahead of time. For example I could approach the bank now and say that when I come off my current fixed rate that I would like to go on the 10 year fixed. I would have to pay a small deposit to book this fixed rate. If the time came and I did not to fix at this rate I would not have to I would just lose the deposit. Does anyone know if this is an option? Or has anyone ever done this?

Thanks.

 

[Senna]

Simple answer is no, i enquired about something similar some time ago, long story, answer was no, rates are only available now. But certainly no harm in trying, mine wasn't with AIB.
Otherwise I'm sure if you approached the bank now, they would let you out of the current reduced 1 year fixed and let you move to the 10 year fixed as they would be making a lot more money for the next year.