I had been advised that with ECB rate pretty much as low as possible (Maybe 1 more drop) that in reality it will rise in about 2 years time so the fixed for 5 yrs made sense, however I heard a little of the guy on the Matt Cooper show on Wednesday saying the ECB may be coming to the Irish banks and telling they must lower their rates to become competitive and he advised not fixing any mortgages for more than 1 year.
What do people think?
I have a key post on the topic.
Aib is clearly the best lender. Take a variable rate with them ,
Avoid BoI - the 2% cash back is luring people into a trap they don't understand.
Avoid fixed rates. Irish rates are artificially high and will come down.
I have a key post on the topic.
Aib is clearly the best lender. Take a variable rate with them ,
Avoid BoI - the 2% cash back is luring people into a trap they don't understand.
What do you mean by this?
I'm going with ptsb and availing of 2% cash back. I am aware I cannot redeem the mortgage withing 5 years.
What is the trap I'm missing.
I have a key post on the topic.
Aib is clearly the best lender. Take a variable rate with them ,
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