Risk Reversal
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Hi,
Does anybody know if it is possible to obtain a Euribor based residential mortgage that rolls on a monthly or quarterly basis. In this case it would be a variable mortgage where the interest would be based on the banks lending margin and the Euribor fixing for that period.
This would be different to a tracker mortgage which would have been based on the ECB base rate and which understandabley won't be offered to new borrowers anytime soon.
Does anybody know if it is possible to obtain a Euribor based residential mortgage that rolls on a monthly or quarterly basis. In this case it would be a variable mortgage where the interest would be based on the banks lending margin and the Euribor fixing for that period.
This would be different to a tracker mortgage which would have been based on the ECB base rate and which understandabley won't be offered to new borrowers anytime soon.