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switching from Variable mortgage to Fixed

CyaL8r · 2009-08-19 23:17:18

Hi All. I'm just wondering if I get a Variable mortgage now while the rates are low is it possible to switch to Fixed when rates begin to go up? I know it is possible to go the other way Fixed to Variable (If you pay a sizeable amount for switching) Thanks is advance.

19-08-2009 11:17pm

#1

CyaL8r

Registered Users, Registered Users 2 Posts: 161 ✭✭

Join Date: September 2007

Posts: 134

Hi All.
I'm just wondering if I get a Variable mortgage now while the rates are low is it possible to switch to Fixed when rates begin to go up?
I know it is possible to go the other way Fixed to Variable (If you pay a sizeable amount for switching)

Thanks is advance.

0

Comments

#2 19-08-2009 11:48pm

Toots

Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,957 Admin ✭✭✭✭✭

Join Date: October 2007

Posts: 16147

Yes, you should be able to fix it without any problems, although the rates might be higher than the variable.

0
#3 19-08-2009 11:53pm

eman66

Closed Accounts Posts: 602 ✭✭✭

Join Date: March 2008

Posts: 451

Won't the lenders always be one step ahead, though?

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