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Fixed Rate Options BOI

  • 06-02-2015 4:52pm
    #1
    rochestown
    Registered Users, Registered Users 2 Posts: 243 ✭✭


    What would you choose for your mortgage repayment rate:-

    2 year Fixed @ 3.80%
    3 year fixed @ 3.85%
    5 year fixed @ 3.95%
    10 year fixed @ 4.5%

    Any options appreciated... we need to get off our rip off Variable rate and these are the new offerings from BOI...

    Thanks...


Comments

  • #2
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    None. Switch away from BoI and get a better rate elsewhere.


  • #3
    Mellowbird
    Registered Users, Registered Users 2 Posts: 28 ✭Mellowbird


    Just looked at consumerhelp.ie to see how BOI fixed rates compare to other banks for those same years you mentioned, it's pretty competitive.

    After EBS dropped its variable rate in December last year, my rate went from 4.05% to 3.8%. So with that still fresh in my mind, I would say 2 year 3.8%, in case interest rates drop further and you'll be kicking yourself for fixing it for 5 or 10 years. That's my 2 cents anyway.


  • #4
    Browney7
    Registered Users, Registered Users 2 Posts: 3,100 ✭✭✭Browney7


    rochestown wrote: »
    What would you choose for your mortgage repayment rate:-

    2 year Fixed @ 3.80%
    3 year fixed @ 3.85%
    5 year fixed @ 3.95%
    10 year fixed @ 4.5%

    Any options appreciated... we need to get off our rip off Variable rate and these are the new offerings from BOI...

    Thanks...

    Realistically European interest rates will be low for a while. If youve equity in your home its worth shopping around as advised already.


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