Hi All
Just looking for some feedback/advise on the situation Im in at the moment. Bank have sent me a letter about my mortgage saying that my 1year Variable rate mortgage is up for renewal.
They sent out a list of alternative like 2, 5 year fixed rates. I have the option to stay as I am on the Variable rate (which is the cheapest option by 150euro a month)
My Question is :
Is it the time to go with a fix rate or should I stay with the variable option. DO you think interest rates will start to increase in the next 12 months? Im researching this myself but would also like to get some opionions on this aswell.
Thanks
Gary
Just looking for some feedback/advise on the situation Im in at the moment. Bank have sent me a letter about my mortgage saying that my 1year Variable rate mortgage is up for renewal.
They sent out a list of alternative like 2, 5 year fixed rates. I have the option to stay as I am on the Variable rate (which is the cheapest option by 150euro a month)
My Question is :
Is it the time to go with a fix rate or should I stay with the variable option. DO you think interest rates will start to increase in the next 12 months? Im researching this myself but would also like to get some opionions on this aswell.
Thanks
Gary