3) Amount outstanding on your mortgage €94k
Currently have 70k in savings.
- Open to all options - switching to Fixed with UB or switching to new bank
Thanks Brendan for your reply, apologies for the delay in coming back to you.Does the fact that it is an offset mortgage change anything?
For example, if you fix your mortgage rate, might you lose your offset facility? I don't know, but I would triple-check before doing so.
So, in reality you have a mortgage of €24k. Is that correct?
What is the plan for the savings?
Do you intend to withdraw your savings?
Do you intend to add to your savings and to reduce your net mortgage further?
Hi Rodney.Hi, just came across this thread and looking for advice.
Mortgage Home
1) Existing offset (old FA ) ECBR + 0.75%
2) Amount outstanding on your mortgage €171,000
3) Remaining term 12 years
4) Lender UB
5) Value of your home 360,000 ?
6) Might you trade up or overpay your mortgage? No
7) Do you face any barriers to switching - e.g. an impaired credit record, a mortgage with a warehoused portion due to a restructuring, reduced income since you took out your mortgage. No
8) What rates are you considering fixing at? Not entirely sure. I would have fixed ages ago but was half hoping the would be a hair cut off on the Offset. With this pushed out to July I'm wondering if it's just time to bite the bullet fix and lose the offset. Haven't made any use of the Offset really, although just started putting €500 per month in there before Xmas.
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