change mortgage from fixed to variable

S

stormcat

Guest
should i change my fixed mortgage to a variable one? Any pro's and con's?
 
Is there a breakage cost? How much of a reduction in repayments? Time left on the fixed rate?

Impossible to answer without knowing answers to above and even then unless one has a crystal ball it's still hard to know.
 
no breakage costs as it was up. reduction of repayments is about 120 € per month, there is an option to automatically go into variable rate. there are no additional costs and mortgage could be fixed any time at market price at the time. obviously ecb rate is going to go down but there may be no guarantee that bank will pass savings on?
 
You must log in or register to reply here.
Back
Top