Rate change on 100% mortgage

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niamhclery

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The current introductory rate of 4.99% on my mortgage ends in febuary. I have been offered a Tracker variable rare of 5.25%, meaning my estimated monthly repayments is 1742.67. A three hundred euro increase on what I had been paying. I dont think i can change mortgage provider due to 100% mortgage. Any sugggestions?
 
niamhclery said:
The current introductory rate of 4.99% on my mortgage ends in febuary. I have been offered a Tracker variable rare of 5.25%, meaning my estimated monthly repayments is 1742.67. A three hundred euro increase on what I had been paying. I dont think i can change mortgage provider due to 100% mortgage. Any sugggestions?
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Not really. Is that the best rate that they offer? You could try shoping around other banks but as you say it will be difficult with the 100% mortgage unless you are a professional or public sector worker.
 
Hi Niamh,

Im on a 100% also my rate for 5 years fixed is 5.7% but on fixed you pay more, why would you buy a house if you knew the repayments would be so high that it may be difficult to repay them?

What is the purchase price of the house?

My house was less than 200k so that is the only reason I would buy at 100%
 
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