Mortgage Switch Query

N

Nosredna

Guest
Hi,
Last June I remortgaged my house and have been on a Discounted Variable rate for 1 year. When I called to see what my repayments would be if i were to Fix the rate, i was told that they would be an extra €60 per month for 1 year Fixed Term. Should I consider switching mortgage to try and get the best rate - and where is the best institution for rates at the moment. Need advice, I dont want to lock myself into a bad deal if there is a better deal out there?
 
Who is your mortgage with?
What is the outstanding balance?
What rate have you been quoted for the one year fixed?
Does your lender offer a tracker rate?
Did you available of a quick switch remortgage last year?

Sarah

www.rea.ie
 
Its with IIB Homeloans, I'm not sure if it was a Quick Switch or not. Also I dont have the exact figures of my balance but I only borrowed €130000 and my repayments were initially €595, but have since increased to €612, and if i were to fix for 1 year now it would be around €680, they also said that when my Discount Variable Rate ends in June my current rate will take a considerable hike, because it will increase by 1%.
 
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