Should I choose fixed or variable rate

I'm going to buy a property and have approx 180,000 euro of a morgage.I am with BOI. The variable rate is 3.1% at the moment. The 1 year fixed is 3.1%,
2 year is 3.4% and a 3 year of 3.6%. What should I do? I know people can't perdict the feature, but you may have a greater insight than me. So, please help, thank you very much !
I also did the stress test on the mortage, I should be ok to afford these repayments. But I'm worried if I go with the varible, it suddenly raised more than 3.6%, like 4%.
Also does anybody know how many percentage normally the rate could change from pervious experiences?
Any suggestions are welcomed !
Thanks

What rate did you stress test at?
You need to look at it going up by 2%, so if you couldn't afford for it to hit 5%, then you need to reconsider the amount you are looking for.

athene_niu said:

Any suggestions are welcomed
Thanks

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Fix for as long as possible if you are worried that rate increases may overstretch you.
You can still get good value 5 year fixed rates in my opinion.

If you are thinking of fixing for 5 years then change banks as BOI have the dearest 5 year fixed rate in Ireland.

www.moneybackmortgages.ie