M
Thanks for the feedback, we already looked at the variable rate with Halifax, but to be honest we don't know enough about the bank to trust placing our mortgage with them.
Could anyone advise???
thanks in advance
mcd02
Same here.. Don't know whether to stay for the 16months remaining on 4.99% fixed or switch.I got on to PTSB recently about breaking out of our fixed rate (due end of the year). We were offered a variable rate without penalties. However, if we let the fixed rate run it's course we will be offered the original tracker again that we were on prior to fixing. They said they would send us out a letter at the end of the fixed rate with the option to go back on a tracker, varialbe of fix again. I worked out that I'd be much better off staying on the fixed (4.85) till December and then go on a tracker, rather than falling on their variable rate, which was 4.65 (might have falledn due to last ECB cut). Since we are in negative equity I wouldn't have any hope switchin lender, so better rates at other banks would probably not be an option for me.
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