Moderator's note: If you want to ask whether you should fix or not (or switch to another lender), please provide the following information:
1) Existing tracker
margin. (This is set in your mortgage contract.)
- If your tracker margin is 1%, please state it in the following format to avoid confusion: ECB + 1%
2) If you have an additional mortgage on the same property, what is the rate?
- E.g., "Fixed at 2% with three and a half years of the fixed-rate period remaining."
3) Amount outstanding on your mortgage
- If you have both a tracker and a second mortgage on the property, specify the amount outstanding on each
4) Remaining term
5) Lender
6) Value of your home
7) Might you trade up or overpay your mortgage?
8) Do you face any barriers to switching? E.g., an impaired credit record, a mortgage with a warehoused portion due to a restructuring, reduced income since you took out your mortgage, you are now renting out the property.
9) What rates are you considering fixing at?
10) Does your house have a high BER rating which might qualify it for a lower rate?
Check it here or estimate it if necessary.
11) How well could you handle a further 2% rise in the ECB rate?
Hi Brendan
Looking for advice on switching EBS tracker, in particular switching to EBS green rate 2.1% for 4 years fixed. Not sure if we should fix our tracker mortgage or not , confused
1) Existing tracker margin
ECB + 1.05% , from Oct 2022 - 2.3%
2) N/A
3) Amount outstanding on your mortgage
€176000
4) Remaining term
12 years
5) Lender
EBS
6) Value of your home
€325K
7) Might you trade up or overpay your mortgage?
Yes planning to overpay 10K per annum
8) Do you face any barriers to switching.
No
9) What rates are you considering fixing at?
EBS green rate 2.1% for 4 years fixed
10) Does your house have a high BER rating which might qualify it for a lower rate? Check it here or estimate it if necessary. - BER B3
Would appreciate your Advice please