Mortgage query What options do I have

L

LBT

Registered User
Messages
108
Hi,

Another interest rise today!!
wondering what would any financial advisor recommend going to meet with my bank next week about my options but obviously there are going to recommend what suits them
Starting my mortgage in May 2006 its a 40 year term and the mortgage amount is 240000
the current rate is 4.6% which is a tracker rate and its with Ulster Bank.
House is now worth about €350k

I was thinking of maybe getting some of the mortgage fixed or should I leave it as is?
 
So? A tracker is a variable rate mortgage with a fixed margin above some base rate (usually ECB).
 
Is it possible to fix part of your mortgage and leave some of it variable / tracker?
 
MrKeane said:
Is it possible to fix part of your mortgage and leave some of it variable / tracker?
Click to expand...

Yes, this can be done.

LBT, I think Clubman was indicating that there have been previous threads on the subject of fixed or variable rates, maybe you should read them. Without knowing your circumstances it is impossible to say whether you should fix or remain on a variable rate. It is a personal decision.
 
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