Just off fixed rate...

I have just come off a 4.75% fixed rate mortgage from the last 3 years, and am on a variable 2.63% rate with the EBS now. I asked the EBS to send me out options to fix it again and they have given me the following:
3 years @ 4.05%
5 years @ 4.6%
10 years @ 5.1%

From reading other posts i think that a 4.05% fixed seems a bit high but i know very little about this stuff!!!!! Would anyone care to give their opinion on this? Is it possible to shop around like you do with insurance companies and come back to the EBS with your other offers?

of course its possible to shop around, but I doubt you'll get deals like you could a few years ago. The rates at which banks borrow now are much higher than before.

you can shop around but unless your in a position to secure the mortgage with the new lender they wont take the debt on its not as easy as shopping around for your car insurance is . is this fixed rate on your private home ? 4.05% seems quite high for 3 yrs .

Hi Househunter, yes its my private home. Was a bit surprised with the 4.05% myself. Think i'll be going on the variable for a while but i cant imagine them fixed rate offers will be going down any time soon!!!

FYI, ebs offered me 2yr 3.64, 3yr 3.54 and 5 yr 4.29, so looks like they have come down!!!!!

I'm also just off 3yr fixed. BOI offering variable 2.7, 2yr fix (pdh) 3.15, 3yr fixed 3.6, 5yr fixed (pdh) 4.25.
What does 'pdh' mean, on the 2yr and 5yr rates? It wasn't on the previous offers 3 yrs ago. Also, last time there was an offer of a Tracker. Should that have been re-offered? Opinions, please.

PDH is your primary dwelling house, i.e your home.

As regards the tracker, it depends what it says on your loan offer. The fact you were offered a tracker 3 years ago does not necessarily mean BOI has to re-offer the tracker to you.

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