Option 3 id say mate.
I’m in a 3 year fixed rate at the moment that will be up in June 2023. 2.85% currently which is ok.
I will be looking to fix for as long as I can at a lower rate than that though hopefully.
I would be looking for the Avant 7 year fixed at 1.95%, a no brainier with potential increase in rates.
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Whats the threshold there mate re LTV?
I could be down below 65% id say if I got a valuation done.
It is 1.95% <60% and 2.05% 60%-70%. I would imagine with increasing values and a nice valuer!!!, you would be under 60%. You need to go through a broker for Avant, I have a lad if you need access to them.
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I might give you a shout re that mate. How many years would they fix it for do you know?
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I would go for the seven year fixed option as I have a feeling rates are likely to increase in the next couple of years, it is a no brainer.
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I’ll definitely have a think about it. Must look into the deal we have with PTSB. Not sure if I can break out of it etc till next year.
Thanks though.
More than welcome. You can order a redemption statement from them, in a lot of cases you can break from your PTSB mortgage with no fee for this.
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Avant only lending at the low rates for properties in cities
They have an eircode tracker and it lets you know if they will look at it. I have numerous ones in Clare get over the line. If you do not meet criteria and have a mortgage of €250,000 or more the Haven switcher to get €5,000 or the PTSB five year green at 2.35% and 2% cashback and 2% monthly cashback are great options.
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My 5 year fixed rate of 3% end with BOI in December … do you reckon I’m better moving it now and taking penalty or just wait til then and see what they offer ? For all the hassle of moving I think I’d take 3% again if offered
Interesting I spoke to a broker on Avant switch and he ruled it out straight away on basis I wasn’t in City or a key provincial town
Must have a relook
I am with haven, think I am eligible for the green 4 Yr fixed rate currently trying to find my ber cert
Wouldnt be material, if any, break fee this close to end of it
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Within 20km of the city apparently
He may not have the agency!!! If you pm your eircode I can let you know.
I would order a redemption statement. As there are long sub 2% rates and cashback incentives it is ideal to move now before and rate changes.
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It depends how much you have on your mortgage but the 2.35% PTSB green rate is a super rate when you take the cashback into account. If it is a small mortgage you are better off just getting the BER and saving any hassle in switching.
Any cashback offer is a fad that you’ll more than pay for throughout the contract.
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My thought is that 2.8% is still a historic low
Not sure about that. AIB offering 5000 cashback on a 2.35 mortgage fixed for 3 years. Grand and a half or less for solicitors fees and youve 3 and a half left over 3 years. More than makes up the difference on my mortgage anyway.
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