Hi Brendan
I have a LTV rate mortgage at 4 % with ptsb. Moving mortgage is not an option at moment or forcible future for us, should i fix at 3.7% for 5 years
i would appreciate your advice. Thanks
Obviously a cheaper rate is better. But would locking you in for 5 years mean you can’t switch banks for a better rate. Or locks you if rates in PTSB reduce.
Fixing gives you greater control over probably your greatest monthly outgoing, in that sense it is worthwhile, before you take it check competitors to establish if a better deal is available elsewhere, for me 3.7% is historically low and is therefore attractive.