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Mortgage - Variable or Fixed or Split

  • 25-11-2015 9:29pm
    #1
    jos_kel
    Registered Users, Registered Users 2 Posts: 450 ✭✭


    Hi,
    We're thinking of getting a mortgage of about 70k.
    Just wondering if anyone has an opinion what the best options are (won't mention the bank.
    3.25% Variable (APR 3.3%)
    3.30% Fixed (APR 4.27%)
    or possibly a bit of both i.e. a split.

    Jos


Comments

  • #2
    Chris_5339762
    Registered Users, Registered Users 2 Posts: 6,064 ✭✭✭Chris_5339762


    Do the variable and plough as much money as you can into it.


  • #3
    jos_kel
    Registered Users, Registered Users 2 Posts: 450 ✭✭jos_kel


    Chris_5339762 wrote: »
    Do the variable and plough as much money as you can into it.

    Is this because you anticipate the rates to rise?


  • #4
    Heisenberg1
    Closed Accounts Posts: 2,511 ✭✭✭Heisenberg1


    jos_kel wrote: »
    Is this because you anticipate the rates to rise?

    If you paid back a €1000 pm you would have it paid back in 6 years or so it's a very very small mortgage, I would go with the variable and over pay if you can.


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