Have a fixed mortgage - should I move to a SVR

Hi there,

I fixed my EBS mortgage in Sept 2010 for 3 years at 4.7% when the rates were starting to go up.
Now the SVR is 4.33% with the potential to go down again in Jan if you listen to the news.
I rang the EBS and I can revert to SVR for a charge of €300.
Is it worth it? My concern is that EBS may not pass on any further reduction. My other issue is now that EBS is owned by AIB - will there be a move to harmonise their rates with the lower AIB rates? The guy I spoke with at EBS said it was something that they had discussed internally but nothing had happened yet.

Any guidance welcome

There are many posts on fixed v variable.
Try a search.
The fundamentals of why you should fix do not change based on the interest rate outlook.

Fix if interest rate rises will overstretch you. Otherwise go on a variable.
Do not fix to try and time when interest rates will go up. You will be wrong.

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