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KBC mortgage rates - to fix or not

  • 21-09-2017 6:59am
    #1
    rockygalway
    Registered Users, Registered Users 2 Posts: 14 ✭


    Hi all.
    Im just in the process of switching from bank of Ireland to kbc and I need to decide on what rate I want.
    Should I choose :
    Variable @ 3.1%
    Fixed for 1 year @ 2.9%
    Fixed for 2 years @ 2.99%
    Fixed for 3 years @ 2.99%
    Fixed for 5 years @ 3.05%
    I have a LTV of 60% - 80%
    Any help greatly appreciated.


Comments

  • #2
    GhostyMcGhost
    Registered Users, Registered Users 2 Posts: 1,348 ✭✭✭GhostyMcGhost


    rockygalway wrote: »
    Hi all.
    Im just in the process of switching from bank of Ireland to kbc and I need to decide on what rate I want.
    Should I choose :
    Variable @ 3.1%
    Fixed for 1 year @ 2.9%
    Fixed for 2 years @ 2.99%
    Fixed for 3 years @ 2.99%
    Fixed for 5 years @ 3.05%
    I have a LTV of 60% - 80%
    Any help greatly appreciated.

    KBC have a new 10 year fixed rate of 2.95% from October


  • #3
    ANXIOUS
    Registered Users, Registered Users 2 Posts: 3,095 ✭✭✭ANXIOUS


    GhostyMcGhost wrote: »
    KBC have a new 10 year fixed rate of 2.95% from October

    I think it's 2.99% if you have a KBC current account.


  • #4
    Snotty
    Registered Users, Registered Users 2 Posts: 1,298 ✭✭✭Snotty


    ANXIOUS wrote: »
    I think it's 2.99% if you have a KBC current account.

    Is that punishment for having a KBC account?


  • #5
    rockygalway
    Registered Users, Registered Users 2 Posts: 14 ✭rockygalway


    GhostyMcGhost wrote: »
    KBC have a new 10 year fixed rate of 2.95% from October

    Is that a good idea though to fix for that lenght of time. Alot could happen in 10 years.


  • #6
    GhostyMcGhost
    Registered Users, Registered Users 2 Posts: 1,348 ✭✭✭GhostyMcGhost


    rockygalway wrote: »
    Is that a good idea though to fix for that lenght of time. Alot could happen in 10 years.

    That, is the million dollar question. Yes a lot could happen.... a lot of good or a lot of bad? who knows?

    ECB interest rates are 0%, which is as low as you can go. My thinking is it won't still be 0% after 10 years. Hard to tell for sure, but my mortgage is 3.1 fixed for 1 year at the minute and its certainly manageable. To keep payments like this for 10 years might make sense for me

    If you think in 10 years though that you'd be make any kind of lump sum payment then forget it


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